Tech Business Review: Facebook DROPS, Microsoft’s NEW Office 2013
Leap Wireless International, Inc. (NASDAQ:LEAP) Chief Operating Oficer Raymond Roman is exiting the company after just a year and a half, and will walk away with $495,000 termination package. It is supposed that he will have a consulting role with Leap. Pivotal Research believes that Roman “was pushed out as part of a house cleaning” and points out that Leap recently made a chief financial officer transition it views in a positive light.
AuthenTec, Inc. (NASDAQ:AUTH) shares pop following word that Samsung (SSNLF.PK) is joining the firm’s QuickSec VPN software in its Android phones and tablets. Samsung’s share of the Android smartphone market is more and more dominant, and is boosting its endeavors to outfit its phones with the security and device-management features that are wanted by enterprises.
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Shares of Facebook (NASDAQ:FB), which had impressively outperformed the NASDAQ from early June to early July, are way down Monday, and are now off some 11 percent from their July 9 high. Ken Sena at Evercore, who started coverage with a Hold in June, believes that the recent weakness in Zynga and Groupon is finally starting to weigh on Facebook.
At long last a federal district judge has thrown out an extremely old antitrust suit filed by Novell against Microsoft (NASDAQ:MSFT), which alleged that the latter’s Windows ’95 violated antitrust laws, since it removed a file-management feature required by Novell’s WordPerfect. Novell had sought almost $1 billion in damages. Meanwhile, back in 2012, Steve Ballmer is addressing Microsoft’s Office 2013 Monday in San Francisco, “designed from the get-go” for the cloud and having a heavier emphasis on the online-subscription version, Office 365.
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