5 Top Tech Stock Stories to Evaluate in the Rearview
Facebook, Inc. (NASDAQ:FB) co-founder Dustin Moskovitz has been selling 150,000 shares of Facebook per day out of the hundreds of millions that he owns. As of now, he has dropped 1.35 million shares for proceeds of $26.2 million, at prices that range from $18.79 to $20.08. Previously, Moskovitz was Mark Zuckerberg’s Harvard roommate when they founded Facebook in 2004. Moskovitz, now 28, left Facebook in 2008 and started Asana, whose software helps manage projects.
Apple Inc. (NASDAQ:AAPL): It seemed simple enough for an iPhone app. The app was supposed to send users a pop-up notice whenever a flying robot kills someone in America’s multiple undeclared wars. However, Apple continues to block the Drones+ program from its App Store, and from iPhones everywhere. The Cupertino company argues the content is “objectionable and crude,” according to Apple’s latest rejection letter.
Google Inc. (NASDAQ:GOOG): Clifford Weinstein, who is the Executive VP of Vringo (AMEX:VRNG) stated, “We take this opportunity to update the market on our current litigation and offer some further details on the wireless infrastructure portfolio we recently acquired from Nokia (NYSE:NOK). With respect to the Nokia portfolio, we plan on taking action shortly through licensing and litigation campaigns.” Vringo’s wholly-owned subsidiary I/P Engine’s case against Google, AOL (NYSE:AOL), IAC (NASDAQ:IACI), Target (NYSE:TGT) and Gannett (NYSE:GCI) should begin a jury trial on October 16th in U.S. District Court in the Eastern District of Virginia, Norfolk Division. Originally, the patents-in-suit were acquired from Lycos, Inc.
Microsoft Corporation (NASDAQ:MSFT): Samsung huddles with American wireless carriers for discussions about design modifications meant to allow the carriers to keep selling the South Korean company’s handsets, states a report in the Korea Times. Samsung was not generous in regards to details about the talks. A company official told the Times that “this will be effective, though we can’t unveil more details for the time being.”
Intel Corporation (NASDAQ:INTC) gears up to make its wireless resonant energy link (WREL) technology an element that can support its mobile computing and communications offering. IDT announced that it was selected by Intel to design and deliver transmit and receive ICs and also to assist in the delivery of wireless charging reference designs for use in ultrabooks, PCs, smartphones, and stand-alone chargers.
Don’t Miss: Analyst: Here’s Why New iPhone Will BOOM.
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