Google, Facebook and 4 Tech Stocks Making Moves This Week

Here’s your Cheat Sheet to this week’s top tech industry business headlines:

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Google (NASDAQ:GOOG): Current price $799.69

Chairman Eric Schmidt predicted Tuesday that one billion people will be using Android smartphones inside of next six to nine months, pointing out that the operating system continues to gain traction worldwide. Commenting during the AllThingsD mobile conference in New York, the executive also said there will be almost 2 billion Android phones within a year or two, and that currently, there are in excess of 750 million Android phones in use across 320 carriers and 160 countries, with 1.5 million sales or activations of Android every day. Schmidt said that ”Android is by far the primary vehicle by which people are going to see smartphones. Our goal is to reach everybody.”

Provo, Utah Mayor John Curtis has reported that Google will make his location its third Google Fiber City, according to the firm’s blog. As it now stands, Utah is home to hundreds of tech firms and start ups, among which many are based in Provo, which ranks second in the United States in patent growth, and is consistently ranked as one of the top places to live and do business as well. Google believes that the future of the Internet will be constructed on gigabit speeds, and is certain that “the businesses and residents of Provo already have some good ideas for what they’d build with a gig.”

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GOOG

LDK Solar Co. (NYSE:LDK): Current price $1.08

LDK announced that because of a temporary cash-flow shortage, it could not make full payments to the holders of its 4.75 percent convertible senior notes due 2013, in an aggregate principal amount of $23,793,000, plus interest, otherwise due and payable on their maturity date of April 15. However, LDK Solar has privately and individually negotiated with two holders of the notes in the total principal amount of $16,553,000, and made resolutions with them, shortly prior to the maturity date, through a partial payment in cash and effectively a loan facility to postpone the repayment of the remaining indebtedness.

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LDK

Tessera Technologies (NASDAQ:TSRA): Current price $18.97

The company has announced that its board has appointed Richard S. Hill as interim chief executive officer and executive chairman, effective immediately. Hill replaces former President and Chief Executive Robert A. Young, PhD, who has elected to step down in the best interest of the firm. As previously announced on March 25, Tessera has begun a search for a new chief executive. Upon the successful completion of the search, Hill will return to his former position of non-executive Chairman.

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TSRA

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Sohu.com (NASDAQ:SOHU): Current price $47.98

On Wednesday, Samsung and Sohu announced that they will establish a three-year exclusive collaboration on mobile video application in China, which might cover 150 million high-end users. Sohu Video will supply pre-installed mobile video application in all Samsung mobile devices sold in that country. Samsung sold 37 million phones in the domestic mobile phone market in 2012, ranking number one with over 30 percent share, according to the American research firm IDC. Also, industry insiders say that the arrangement with Samsung will help Sohu Video to rival Youku and Tudou in the high-end user market.

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SOHU

Nuance Communications (NASDAQ:NUAN): Current price $20.39

Nuance has announced its strategic collaboration with AutoNavi, a supplier of digital map content and navigation and location-based solutions in China, in order to bring more intuitive voice-enabled navigation capabilities to the Chinese market. The two firms will work jointly on the voice-enabled navigation product AutoNavi Map, to be made available in the second quarter to the world’s automotive and navigation device makers developing navigation offerings which support Chinese languages.

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NUAN

Facebook (NASDAQ:FB): Current price $25.74

Facebook has begun a small test of its first ads on Graph Search, but they are not targeted at search queries. Rather, they employ standard Facebook targeting and retargeting, resemble its sidebar ads, and are at the bottom of the page, assuming there is more than one page of results. Chief Executive Mark Zuckerberg hinted that ads would come to Graph Search when he answered a question by Josh Constine at techcrunch.com in regards to monetization at the intro event for the new internal search engine for people, places, and interests. He replied “You build a good business by building something people want,” but acknowledged that Facebook’s old search typeahead ads “extend quite nicely to this.” Further, Zuckerberg stressed that user experience comes first at Facebook, but conceded that search ads “could potentially be a business over time.”

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FB

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