Apple SETTLES Suit and 4 Tech Titans on the Move
Facebook, Inc. (NASDAQ:FB): Over two months past Facebook’s much-hyped initial public offering which led to a botched first trading day and a falling stock price for the most popular social network in the world, Wall Street’s IPO business seems to be healing. The shares traded up $0.05 (0.17%) recently at $29.05.
Apple Inc. (NASDAQ:AAPL): After the recent settlement of a lawsuit regarding the ownership of the name iPad, the company has launched the newest iPad in China, reports the New York Post. The shares traded down $6.53 (1.06%) recently at $607.79.
Google Inc. (NASDAQ:GOOG) reported solid results for Q2 with a backdrop of teh slowing U.S. and a weak global economy, according to Citigroup. The firm keeps its Buy rating and a $740 price target. The shares traded up $18.35 (3.09%) recently at $611.41.
Microsoft Corporation (NASDAQ:MSFT) has returned the AH gains which were seen yesterday after an EPS beat pushed by healthy enterprise demand. Some could be bothered by the face that Windows division sales would have fallen 13 percent year over year without Windows 8 upgrade bookings’ assistance. Goldman doe not predict that there will be much share movement near-term, while investors turn their eyes to the October 26 launch or Windows 8 and a late August board meeting, where a dividend hike may be announced. The shares traded down $0.39 (1.28%) recently at $30.27.
Intel Corporation (NASDAQ:INTC) feels the pinch of the global slowdown, the PC sale depression, and the rise of widgets not using its chips. In a statement made Tuesday, CEO Paul Otellini stated, “As we enter the third quarter, our growth will be slower than we anticipated due to a more challenging macroeconomic environment.” It is enough for the company to “slow hiring.” Intel’s forecasting revenue for the quarter lie somewhere between $13.8 billion and $14.8 billion. The $14.3 billion midpoint is lower than seasonality and lower than the $14.58 billion estimate of Wall Street. According to Intel, its gross non-GAAP margin should continue to be a nice 63 percent to 64 percent. The shares traded down $0.44 (1.69%) recently at $25.62.
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