Tech Biz Wrap: Nokia Shares TANK, Yelp’s Siri Ties Help Stock REBOUND
As if Nokia (NYSE:NOK), and now Alcatel-Lucent (NYSE:ALU) needed more troubles, their shares have gone over the cliff Tuesday as investors fear that the debt fiasco in Europe will not allow the two cash hemorrhaging companies to raise more desperately needed capital. Speculation that Nokia, which is visiting levels not seen since 1996, might have its Windows Phone partner acquired by Microsoft (NASDAQ:MSFT), is on-again, off-again, as an executive of the latter comments that his company ‘has no interest in making its own phones’.
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Yelp (NYSE:YELP) shares slump then rebound on Tuesday, as materials distributed by Apple (NASDAQ:AAPL) to iOS developers indicate that its new mapping solution will include the ability for users to “check in” to its site at restaurants and other places that pertain. Yelp is already tightly joined with Apple’s Siri, all of which is good news for its stocks today.
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