Apple Strikes Out With Scroll Patents and 4 Tech Titans on the Move
Apple Inc. (NASDAQ:AAPL): Several Apple patents were ruled invalid, which causes doubt regarding a landmark trial that awarded large damages to the smartphone maker. The US Patent and Trademark Office decided that 20 patents concerning scroll technology “lack novelty”.
Google Inc. (NASDAQ:GOOG) spent a record $13.1 million on lobbying in 2012 as it attempts to dissuade federal regulators from suing the company over antitrust allegations. According to disclosure forms that were filed Monday, Google spent $4.2 million during the previous three months, along with the $8.9 million it spent already this year. The company set its record for lobbying spending during the first quarter of 2012, when it spent $5 million. Google only spent $9.7 million during the entire year of 2011, much less in previous years.
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Intel Corporation (NASDAQ:INTC): Several models of Windows 7 tablets and netbooks, some not even a year old, that are supposed to be upgradeable to Windows 8 will not have the ability to handle Microsoft’s new operating system because of problems with the Intel chips powering them, according to computer manufacturers and unhappy users. These issues affect systems using the current version of Intel’s Atom line, called Cedar Trail. Intel is releasing a new version of Atom, named Clover Trail, and it is specifically designed for Windows 8 hardware. However, this is too late for a lot of users who previously bought systems believing that they would have the ability to upgrade later.
Sirius XM (NASDAQ:SIRI) along with ASML Holding (NASDAQ:ASML), Yahoo! (NASDAQ” target=_blank>NASDAQ:YHOO) were the three most active funds and stocks in pre-market trading on the Nasdaq (INDEXNASDAQ:.IXIC) as of 9:05 a.m. Investors traded 709,346 shares of Sirius XM Radio, down $0.03, or 1.03 percent, and several analysts increased their price targets for Sirius XM.
Micron Technology (NYSE:MU) decided to reduce the price of its memory-chips, but claims that this price cut is only temporary. In an interview, Chief Executive Officer Mark Durcan said, “It’s a short-term issue. If we see any reasonable macro environment this thing sorts itself out pretty quickly.” This pricing decision was made by Micron based on forecasts of declining demand at the year’s end. A price-cutting strategy in this season is can seem very worrisome due to the fact that the holiday season is generally a sales generating season for the memory-chip industry. Micron’s president, Mark Adams, stated that the price of NAND flashmemory raised over company’s expectation and DRAM prices fell on reduced demand and higher supply.