Tech Biz Cheat Sheet: Sina Gets Censored, Samsung Takes a Cue from Google’s Android
Sina (NASDAQ:SINA) has agreed to follow the Chinese government’s directive to tighten control on its Weibo microblogging service as part of a government censorship crackdown intended to keep internet users from becoming agitators. The fact that Sina will be restricting its users could mean it loses some to other Twitter-like services.
KIT digital (NASDAQ:KITD) is trading higher today after the company closed its secondary offering of 3.2 million shares with strong demand at $9.50 a share.
After yesterday’s news of a toxic chemical leak at a JinkoSolar (NYSE:JKS) plant, solar stocks are trading lower. Trina Solar (NYSE:TSL) is down 9%, Canadian Solar (NASDAQ:CSIQ) is down 6%, First Solar (NASDAQ:FSLR) is down 3.5%, Yingli Green Energy (NYSE:YGE) is down 7%, and ReneSola (NYSE:SOL) is down 8%.
Taiwan Semiconductor (NYSE:TSM) plans to cut its 2012 capex by 19% from already slashed 2011 levels.
Netflix (NASDAQ:NFLX) shares continue to decline after the company announced yesterday that it would split its DVD-by-mail and streaming-video services.
Samsung plans to make its Bada mobile OS an open-source platform like that of Google’s (NASDAQ:GOOG) Android OS.
The board of Cypress Semiconductor (NASDAQ:CY) has authorized a new $400 million stock repurchase program following a recently completed $600 million program. Cypress has repurchased a total of 18.3 million shares during the current quarter. The company has a market cap of $2.94 billion.