Apple to Acquire Color Labs and 3 Morning Hot Stocks Trading Today
According to a report in Reuters, which quotes the Calcalist financial newspaper, IBM (NYSE:IBM) is likely to acquire Israeli mobile phone software maker Red Bend Software for $200-$250 million. Red Bend’s technology enables the installation of multiple operating systems on a mobile phone and also allows mobile operators to remotely fix phone issues and install updates through the internet.
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Shares of Juniper (NYSE:JNPR), at $17.95, are up 3.7 percent after touching a high of $19.22 as chatter mounts on the internet that it is considering selling itself. The company has appointed JP Morgan to handle bids and buyers. One of these could be EMC (NYSE:EMC) who could be interested because the acquisition could help it expand its offerings to cloud service operators.
According to the Next Web, Apple (NASDAQ:AAPL) is set to acquire photo-sharing app Color Labs, a location-based photo-sharing app for iOS and Android. Apple’s main interest may be in the firm’s patent portfolio.
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