Apple Awaits its FATE and 4 Hot Stocks to Watch
Apple Inc. (NASDAQ:AAPL): An epic patent battle involving the world’s two largest technology companies and some of the most popular gadgets on the market now rests with nine jurors in California. A verdict could come at any time, but given the case’s complexity, few expect a decision before the middle of next week. No matter how the jury decides, the fight won’t be over. The companies are virtually guaranteed to appeal the rulings they lost.
Facebook, Inc. (NASDAQ:FB): According to the Wall Street Journal, United States mutual funds, run by Morgan Stanley (NYSE:MS), the lead underwriter in Facebook, Inc.’s (NASDAQ:FB) $16 billion initial public offering, have disproportionately high investments in the social-media company, leaving fund shareholders exposed to the stock’s decline.
AT&T, Inc. (NYSE:T): Registration has opened for DevLab by AT&T, a one-day, hands-on programming workshop for developers, providing technical information about the latest services and tools for mobile application development. DevLab will take place September 25 at the Computer History Museum in Mountain View, California. Developers can learn more and register at http://2012devlab.com.
Nokia Corporation (NYSE:NOK): Verizon Communications (NYSE:VZ) will be backing Nokia’s new Lumia, high-end smart phone once they are released next month. They will be attending Nokia’s annual event on September 5, but will not actually be able to sell the phones for a few months, due to an exclusivity agreement between Nokia and AT&T. After this occurs, however, sales in the United States sales can easily double. Verizon hopes to improve their margins by offering their subscribers different phones, and Nokia’s phones will provide them with much better margins than Apple’s iPhone.
Sprint Nextel Corp. (NYSE:S): According to a report that was released this past Wednesday, research analysts at Piper Jaffray increased their target price on shares of Sprint Nextel (NYSE: S) to $6.00.
Don’t Miss: Facebook Gets a Much-Needed UPGRADE.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.