Tech Biz Insights: Facebook Bleeds, Apple Wins

Sony (NYSE:SNE) and Panasonic (NYSE:PC) are said to be the top competitors for an equity investment in Olympus (OCPNY.PK), says Asahi Shimbun. The winning bidder will probably make a stake in excess of 10 percent, representing several hundred million dollars, it’s thought, and a decision on the process is expected in June.

Investing Insights: Will Apple Surprise Us With This New Software at WWDC?

Google (NASDAQ:GOOG) reports that the inclusion of its Knowledge Graph panel within search results for millions of subjects, has generated a significant rise in search activity. Sources to the Wakk Street Journal have it that between 10 and 20 percent of searches could feature the panels. However, Google still has work to do, in growing its declining search ad rates, and improving the integration of social networking data within its search results. Separately, the company is said to regret not acquiring Twitter before its valuation jumped to $8 billion, reports a source to BI, and that it still believes that it’s the only one capable of effectively monetizing the microblogging service. Meanwhile, an inside source close to Twitter says that the firm’s initial public offering plans haven’t gone very far, perhaps due to watching the recent notorious IPO of another firm. It’s also rumored that Twitter, which has reached a search arrangement with Bing (NASDAQ:MSFT), is still open to a bid from Google.

Shares of Zynga (NASDAQ:ZNGA) move to new lows, despite an overall upbeat talk from its CEO Mark Pincus at the D10 conference, in which he defended his firm’s acquisition of Draw Something developer OMGPOP. The game has experienced a fall in traffic, but Pincus maintains that the aim was to buy a multi-year franchise, as opposed to a one-time hit. In addition, he led a pep rally on the prospects of Project Z, which investors hope will lower Zynga’s dependence on Facebook.

Apple (NASDAQ:AAPL) shares move higher Wednesday following Tim Cook’s presentation at D10, as David Einhorn remains convinced that the company will eventually have a $1 trillion market cap. The latter rejects the idea that extensive hedge fund ownership of Apple is a negative, given that hedge funds only hold 5 percent of outstanding shares, and also believes that critics are overlooking how Apple’s software/services ecosystem both amount to a switching cost, and that that encourages the purchase of additional Apple gear.

Don’t Miss: Are iPhone Users Big Data Hogs?

Business might not be ready to upgrade to Windows 8, opines Microsoft (NASDAQ:MSFT) observer Paul Thurrott, because features of the new operating system are mostly targeted towards consumers, and the completely reconfigured desktop UI, won’t impress corporate buyers. Further, the analyst contends that the decision by MSFT to orient Windows 8 to consumers was a “calculated risk” to hopefully catch up with Apple in that market, but at the same time it could alienate the sector which comprises a large and increasing share of its margins.

Facebook (NASDAQ:FB) shares fall further Wednesday, after rallying slightly in early trading, following its first options trading day on Tuesday. That day’s trading was in-line with the selloff seen in the company’s shares with 202,938 Facebook put contracts were purchased, compared to162,582 call contracts. Implied volatility for the contracts was 63.50, which was higher than that of all but 7 of S&P 500 stocks.

Investing Insights: Is Facebook the Biggest Loser?

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.