Tech Biz Recap: EMC Sentiment Boost, Groupon’s Credit Card Reader
Storage major EMC Corporation (NYSE:EMC) shares moved a bit higher after kind words from Barron’s which noted the cloud exposure, a recent refreshing of products, its 80 percent investment in VMware (NYSE:VMW), and its ability to get through a recession. This good news comes following Thursday’s slump due to EMC competitor NetApp’s (NASDAQ:NTAP) less-than-optimal July quarter guidance.
Groupon (NASDAQ:GRPN) might introduce a credit card reader with a fee of only 1.8 percent and a 15-cent transaction charge, according to Rocky Agrawal. If true, this would compare positively with quickly growing rival Square’s 2.75 percent fee, and that of 2.7 percent (but no transaction charge) for PayPal (NASDAQ:EBAY) and Verifone (NYSE:PAY). The move on Groupon’s part would lend credence to its efforts to brand itself as a supplier of broader solutions for local merchants, as opposed to being strictly daily deals company.
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