Google TRANSITIONING Postini to GApps and 4 Tech Titans on the Move
Facebook, Inc. (NASDAQ:FB) director Peter Thiel gained nearly $400 million selling the majority of his remaining stake in the company over two days last week. The quick sell-off came directly after the conclusion of Facebook’s first “lockup” period, which stopped insiders like him from trading shares for 90 days following the company;s IPO. Lockups are intended to keep insiders from abandoning the stock too quickly after a company goes public. While lockups were once simple, generally lasting only 180 days for everyone, they have continued to become increasingly complex. The shares traded up $0.20 (1.05%) recently at $19.36.
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Apple Inc. (NASDAQ:AAPL): The jury in the Apple, Samsung (SSNLF) trial should start deliberations today in the closely followed case that may have significant effects throughout the electronics industry, according to the Wall Street Journal. In closing arguments in court in San Jose, CA., an Apple lawyer claimed that Samsung too three months to rip off what the company spent years developing, the unique features of the iPhone. Samsung has rejected the allegations, accusing Apple of taking Samsung to court “rather than competing in the marketplace.” The shares traded up $5.44 (0.83%) recently at $661.50.
Google Inc. (NASDAQ:GOOG) claims that it is transitioning Postini services to Google Apps starting in 2013. “With this transition to Google Apps, you can receive similar email security, protection, and archiving, but through the more robust Google Apps service….At your next renewal date, we will start your transition from your Postini service to Google Apps. These first transition notifications are being sent to customers whose renewal dates are November 1, 2012 or later. If your renewal date is between August 15 and October 31, 2012, you’ll receive the standard Postini renewal agreement, and we will contact you with information about the transition in 2013.” The shares traded up $6.23 (0.93%) recently at $675.74.
Microsoft Corporation (NASDAQ:MSFT): The window to upgrade to Windows 8 has now opened, but the verdict is still out regarding Microsoft’s new OS. The company started to accept orders for the new OS this week. This upgrade is different due to its embrace of tablet computers and touch controls via a radical rethinking of the role a Start button should play. Instead of having a simple button tucked away in the lower-left corner, the Start menu covers the entire interface with colorful, dynamic, inviting tiles. The shares traded down $0.29 (0.94%) recently at $30.51.
Intel Corporation (NASDAQ:INTC) has found yet another small overseas smarpthone vendor to sell devices powered by the chip maker’s low-power Atom platform. MegaFon, which is a Russian telecommunications services provider, is now selling the MegaFon Mint in the country beginning on Aug. 22. The MegaFon Mint is based on Intel’s Smartphone Reference Design, including the chip maker’s Atom Z2460 “Medfield” processor. The Medfield chip will include Intel’s Hyper-Threading technology along with its HSPA+XMM 6260 connectivity platform. The shares traded down $0.37 (1.42%) recently at $25.74.
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