Facebook ACQUIRES Spool Team and 4 Tech Titans on the Move
Facebook, Inc. (NASDAQ:FB) has made another “acqui-hire” by taking the mobile bookmarking startup Spool’s staff. According to the social networking giant, Spool’s team will assist in building tools to facilitate consumption of mobile content. The shares traded down $1.3 (4.23%) recently at $29.42.
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Apple Inc.’s (NASDAQ:AAPL) next-generation iPhone recently entered the production phase and could face a design change, says Apple Insider. Also, Japanese language blog MacOtakara, states that Chinese manufactures have increased production and could possibly add glass to the device’s “uni-body” backplate. The shares traded up $4.82 (0.8%) recently at $609.79.
Google Inc. (NASDAQ:GOOG): The Pew Research Center’s Project for Excellence in Journalism lead a study showing that more viewers are using Google’s YouTube as a news platform, especially during major events and natural disasters, the Associated Press reports. The shares traded down $1 (0.17%) recently at $575.52.
Microsoft Corporation (NASDAQ:MSFT) publicly dismissed Web-based Google (NASDAQ:GOOG) Apps as a major competitor to its Office software suite, but it has increased efforts to prohibit Google from taking its software business from it, states the Wall Street Journal. The shares traded up $0.05 (0.17%) recently at $29.44.
Intel Corporation (NASDAQ:INTC) and AMD (NYSE:AMD) estimates have been reduced by Bernstein due to a weakening PC outlook, lack of an HDD snapback, and AMD’s negative pre-announcement. The firm gives Intel an Market Perform rating and a $26 price target, while AMD has an Outperform rating and an $8 price target, down from $10. The shares traded down $0.12 (0.48%) recently at $25.1299.
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