Tech Biz Roundup: Apple CONTINUES Suit Against Google-Motorola, Research in Motion Shares FALL
Shares of Research In Motion (NASDAQ:RIMM) fall Wednesday, despite the firm’s confirmation that “headcount reductions” comprise a portion of its strategy for reducing operating costs by $1 billion. Previously, RIM had forecast that it would recoup the money by cutting back on its manufacturing sites, but now observers project elimination of between 2,000 and 3,000 jobs.
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Apple (NASDAQ:AAPL) attorneys argued before a Federal judge on Wednesday why the company should be able to seek an order barring the sale of certain Motorola phones, as it continues its high-profile suit against Google’s (NASDAQ:GOOG) Motorola Mobility division. When it comes, the decision might well impact Apple’s ability to negotiate favorable licensing agreements, as it fights against Motorola and other competitors in court.
Sigma Designs (NASDAQ:SIGM) shares move lower as it deals with the activist fund Potomac Capital, which owns 8 percent in the company. Potomac issued an open letter to Sigma, in which it restated its own nomination of three board members, and also made public its long array of complaints regarding the firm’s board and management, which included a history of equity dilution and losses, plus allegations of conflict of interest. Recently, the firm responded to Potomac by terminating a poison pill, plus agreeing to split its chairman and CEO roles.
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