Tech Business Recap: Apple vs Samsung War In S Korea, Yelp’s REBOUND
The Apple (NASDAQ:AAPL) versus Samsung (SSNLF.PK) war sees a skirmish in South Korea, where a court ruling says that the former violated two patents, and the latter one. Furthermore, the same court ruled that “no possibility” existed wherein consumers could confuse the two company’s smartphones. To conclude the matter, judges awarded small damages to each firm and also disallowed sales of infringing devices in South Korea, but none of them are the latest models.
Don’t Miss: Apple LOST This Battle to Samsung.
Yelp (NYSE:YELP) shares might have plunged earlier in the week on worries regarding the effects of its Aug. 29th lockup expiration, but they have rebounded nicely Friday. Also, it appears that 15.4 percent of the firm’s float was shorted as of July 31st, and if Facebook’s pre-expiration activity is any model, it’s likely that more shorts could have accumulated during the recent selloff.
The July quarter sales figures of Dell Inc. (NASDAQ:DELL) and Hewlett-Packard Company (NYSE:HPQ) were so dismal that IDC now forecasts that PC shipments will rise only by a scant 0.9 percent in the current year. It’s possible that even that forlorn forecast might be overly optimistic, considering the second quarter slump. Domestic shipments are predicted to drop a further 3.7 percent, after having already fallen last year.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.