Tech Biz Replay: NXP Left OUT of the NEW iPhone, Yelp FALLS Ahead of Expiry
NXP Semiconductors (NASDAQ:NXPI) shares tumble on Tuesday, perhaps on word that the next iPhone (NASDAQ:AAPL) probably will not feature a near field communication chip, according to a tech analysis of the front assembly pictures that drove chatter in this direction, by AnandTech. NXP was the pioneer in the NFC chip market. Meanwhile, Broadcom Corporation (NASDAQ:BRCM) has also come up with NFC chips, and plans to join the tech with its Wi-Fi/Bluetooth combination chips.
Don’t Miss: Google Wallet Won’t Let Apple Take the Cake.
Yelp (NYSE:YELP) shares took a fall Tuesday, ahead of Wednesday’s lockup expiration, as they have now given back most of Friday’s gains, and are down by some 29 percent from their Aug. 10th close. On Wednesday 52.7 million shares will become eligible for sale; only 7.15 million shares were sold in Yelp’s initial public offering. Large stakes in Yelp are held by venture capital investors, as do Chief Executive Jeremy Stoppelman and Chairman Max Levchin.
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