Google to BUILD Latin American Data Center and 4 Tech Titans on the Move
Facebook, Inc. (NASDAQ:FB) sent out a strange survey to a few of its nearly 1 billion users. The social network gave an advertisement of a multiple-page survey at the top of particular users’ News Feeds. However, when some clicked on it, the survey had a quick halt and was incomplete. “For a brief period of time, an incomplete test survey was visible to a small percentage of users,” a Facebook spokeswoman informed the Los Angeles Times. “This survey has been removed.” There were numerous pages of questions regarding the level of satisfaction of users’ overall Facebook experience and about a few particular features, like the News Feed. That was followed by questions concerning how users get their news, with Facebook mentioning Twitter, CNN, and other outlets and mediums. Then, the company began to ask users more personal questions, such as when they were born, the amount of money they make and what race they identify with. The shares traded down $0.05 (0.25%) recently at $18.91.
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Apple Inc. (NASDAQ:AAPL),Amazon, and Google have had a good day, especially since their stocks have risen to new highs. Apple reached $680 for the first time in the midst of anticipation regarding the Sept. 12 iPhone 5 launch as well as a possible iPad mini introduction later in the month. The company’s market cap rose to be higher than $635 billion. The shares traded up $4.47 (0.66%) recently at $680.74.
Google Inc. (NASDAQ:GOOG) intends spend $150 million in the construction of its first data center in Latin America, the Associated Press claims. The site just outside the capital of Chile is to be the home of computer servers that are capable of storing vast amounts of information, and it is expected to employ 20 people. The shares traded up $7.43 (1.06%) recently at $706.83.
Microsoft Corporation (NASDAQ:MSFT): Nokia (NYSE:NOK) is currently considering a launch of its Lumia 920 on November 2nd for AT&T (NYSE:T), according to The Verge, citing multiple sources familiar with the company’s plans. It is working with both AT&T and Microsoft to finish several tests necessary to sign the device off in time. The shares traded down $0.58 (1.87%) recently at $30.76.
Intel Corporation (NASDAQ:INTC): ASML Holding (NASDAQ:ASML) has announced that it has gained the approval by the Extraordinary General Meeting of shareholders of its Customer Co-Investment Program and that the US anti-trust clearance process has been completed. Additionally, ASML has also announced that the waiting period beneath the Hart-Scott-Rodino Act ended without ASML or Intel receiving requests for more information from regulators, completing the U.S. anti-trust procedure. With the EGM approval along with the U.S anti-trust procedure that completed the essential elements of the program are final: The three program participants, Intel, TSMC (NYSE:TSM), and Samsung Electronics (SSNLF), all agreed to contribute EUR 1.38 billion to ASML’s research and development of next-generation lithography technologies in five years. ASML is to issue an aggregate 23 percent minority stake to the participating customers for EUR 3.85 billion in cash. ASML is to return all cash proceeds of the share issue to ASML shareholders via a Synthetic Buyback. The Synthetic Buyback is to be comprised of a cash capital repayment and a reverse share split. After the issuance of new shares to Intel, TSMC, and Samsung Electronics in connection with the program, and subject to statutory requirements, ASML plans to implement the Synthetic Buyback as follows: The cash capital repayment is to be EUR 9.18 per share and the reverse share split will be 77 for 100, meaning that for every 100 ASML shares, shareholders excluding participating customers are to receive EUR 918 in cash and are to keep 77 ASML shares. This is effectively equivalent to ASML repurchasing 23 percent of the shares currently in issuance at a price of EUR 39.91 per share, which is the per share price that is to be paid by the participating customers. ASML predicts that it will issue shares to Intel and Samsung Electronics on or around September 12 and to issue shares to TSMC at October’s end. The shares traded down $0.94 (3.77%) recently at $24.15.
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