Facebook and 4 Tech Titans Buzzing on Trading Screens Now

Facebook, Inc. (NASDAQ:FB): Regarding the class-action lawsuit facing Facebook and Morgan Stanley, the law firm taking care of the suit has formerly won $7B from Enron. The complaint claims that comments made in Facebook’s S-1 regarding its ad forecast proved to be “untrue statements” following reports an executive told analysts to reduce their outlooks. Notably damning, if proven, are reports that institutional demand dropped due to the disclosure.

Apple Inc. (NASDAQ:AAPL): According to estimates by IHS’ Dale Ford, Apple alone purchased $23B in chips last year. Ford forecasts the company’s purchases expanding to $27B this year and $29B next (ed: these numbers may be conservative given revenue growth predictions). This assists in getting a sense of the tremendous impact Apple’s earnings reports have on chip stocks. Competitor and top component provider Samsung (SSNLF.PK) purchased $15B in chips in 2011, and H-P (NYSE:HPQ) purchased a bit less.

Google Inc. (NASDAQ:GOOG): The FCC is looking into whether web-based video sites like Hulu and YouTube ought to be overseen by the same regulations as traditional pay-TV providers. Tremendous ramifications could result from any move toward such a ruling, possibly giving video websites the ability to carry channels content owners have not been willing to license (hence posing significant new competition for traditional providers), and at the same time necessitating them carrying less popular content.

Microsoft Corporation (NASDAQ:MSFT): A report in the L.A. Times regarding a 2010 game-development contract between Activision (NASDAQ:ATVI) and developer Bungie points to the coming Xbox being called the Xbox 720 and debuting in fall 2013. Prior rumors suggested the gaming device will include an ARM-based (NASDAQ:ARMH) CPU and AMD graphics processor, and will go together with a low-end model based on Kinect play.

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