Facebook’s Zuckerberg Committed to Growth and 4 Tech Titans on the Move
Facebook, Inc. (NASDAQ:FB) has surpassed 1 billion users, but it hasn’t been easy. Mark Zuckerberg has stated that the company had some difficulties after its initial public offering. On Thursday, Zuckerberg updated his Facebook status announcing that the social networking site surpassed 1 billion active monthly users. He thanked users and stated his commitment to improving Facebook.
Apple Inc. (NASDAQ:AAPL) iPad mini tablet shipments face low yield rates for chassis makers, according to DigiTimes. According to sources in Apple’s supply chain in Taiwan, those responsible for this are Foxconn Electronics, Catcher Technology and Ri-Teng Computer Accessory.
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Google Inc. (NASDAQ:GOOG): In a regulatory filing, Google stated that it thinks it will be able to incur particular charges regarding tis planned restructuring actions at its wholly-owned subsidiary Motorola Mobility. The company said, “Motorola has continued to refine its planned restructuring actions and now expects to broaden those actions to include additional geographic regions outside of the U.S.” Google said it expects to incur (1) severance-related charges of approximately $300M, which will be recognized in Q3 and of which approximately $250M is expected to be paid in cash, and (2) other charges related to facility and market exits, primarily in cash, of approximately $90M in 2012 and 2013, of which approximately $40M is expected to be recognized in Q3. Google said, “Motorola continues to evaluate its plans and further restructuring actions may occur, which may cause Google to incur additional restructuring charges, some of which may be significant.”
Microsoft Corporation (NASDAQ:MSFT) along with Barnes & Noble (NYSE:BKS) that they have finished their previously announced strategic partnership in NOOK Media LLC, which is a recently formed Barnes & Noble subsidiary. Microsoft put a $300 million investment in NOOK Media LLC at a post-money valuation reaching $1.7 billion to be exchanged for about 17.6 percent equity stake, and Barnes & Noble own the rest of the shares. There is not a strict timetable for Barnes & Noble’s review of strategic options for its investment in NOOK Media LLC, according to the company.
Intel Corporation (NASDAQ:INTC) has entered the personal cloud storage game as it launches its own Atom processor-based storage solutions with a market for both consumers and small businesses. These are network-attached storage appliances that run on either the Intel Atom D2550 or D2500 processors to secure, back up, and share content via the cloud. The cloud technology comes in via an exposed HTML IP address (with a secure login), and the end user has the ability to access that IP address either through a regular desktop browser or it can look like a drive.