Tech Insights: Micron Finally BUYS Elpida, Facebook’s Email FIASCO
Micron Technology (NASDAQ:MU) shares moved up Monday on the company’s purchase of bankrupt competitor Elpida Memory at an approximate price of $750 million. Under the terms Micron will pay the creditors of the Japanese chipmaker $1.75 billion in yearly installments until 2019. Observers RBC, Wells Fargo and Nomura contend that Micron benefits from the acquisition – RBC sees Elpida and its Rexchip joint venture boosting both Micron’s scale and research and development potential, and considers the deal’s expected return on investment and cash flow impact to be signs of good things to come.
Apple (NASDAQ:AAPL) resolves a trademark fracas with Hong Kong computer monitor maker Proview over the iPad name, and will shell out $60 million to that effect. The court-mediated settlement will now enable Apple to go forward with marketing its tablet PC in China, which is more and more among its most important markets.
Ancestry.com (NASDAQ:ACOM) has signed its two-millionth subscriber since the company’s intro in 1966, and shares are up amid ongoing chatter that buyers are paying a lot of attention.
Another fiasco for Facebook (NASDAQ:FB)? The firm’s creation of .facebook e-mail addresses for its more than 900 million users is getting close to turning into just that. Quite a few users are perturbed that the new addresses have become their default e-mail option, including for Facebook contact information on mobile devices, and complaints arise that e-mails are being lost, failing to appear even in FB’s messages inbox. Fir its part, the company says that those complaints are due to user “confusion” over where their e-mails end up.
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