Technology Sector Review: iTunes Hacked, HP Releases 2 New Ultrabooks

Alcatel-Lucent (NYSE:ALU) announced that it will offer access to its worldwide portfolio, which includes approximately 29,000 issued patents, through a licensing syndicate to be formed by RPX Corporation (NASDAQ:RPXC). Alcatel-Lucent’s worldwide patent portfolio is relevant to a broad range of technologies, including fixed line and wireless communications, semiconductors, consumer electronics, multimedia, optical, software, cloud computing, applications and network security. We have chosen to undertake an innovative approach to realizing the value of our world-class patent portfolio, and while retaining ownership of our patents, we seek to expand access to them for a diverse set of industries,” Alcatel-Lucent’s CEO said.

The shares closed at $2.19, up $0.25, or 12.89%, on the day. Its market capitalization is $4.97 billion.

Nuance Communications Inc (NASDAQ:NUAN), which provides of voice and language solutions, reported Q1 EPS of 34c, compared with analysts’ consensus estimate of 36c. The company’s revenue also came in lower than expected. Nuance said that its relationship with mobile customers has “become more… complex, which has resulted in delayed revenues in some cases.” Conversely, the company noted that its revenue rose 20% and its operating cash flow jumped 41% during the quarter, as a result of what it called strong performances by its health care, mobile and consumer, and imaging businesses. In a note to investors, FBR Capital said that Nuance’s miss appears to have been caused solely by the delay of several large, complex mobile deals. The firm sees the stock’s weakness as “a golden buying opportunity,” and believes Nuance’s fundamental outlook for FY12 is still very strong. In mid-morning trading, Nuance dropped $3.71, or 12.19%, to $26.74.

The shares closed at $26.50, down $3.95, or 12.99%, on the day. Its market capitalization is $8.02 billion.

First Solar, Inc. (NASDAQ:FSLR), Yingli Green Energy Hold (NYSE:YGE): Solar wafer makers have been increasing quotes in both Taiwan and China, to between $1.15 and $1.25 per unit, according to Digitimes.

FSLR shares closed at $43.91, down $5.12, or 10.43%, on the day. Its market capitalization is $3.79 billion.

YGE shares closed at $5.34, down $0.56, or 9.49%, on the day. Its market capitalization is $844.74 million.

Apple Inc. (NASDAQ:AAPL): A number of users of Apple’s (NASDAQ:AAPL) iTunes service are reportedly getting refunds after their accounts have been hacked and cleaned out, according to CNET, though Apple is not saying much about the underlying issue and how it will be resolved.

The shares closed at $493.42, up $0.25, or 0.05%, on the day. Its market capitalization is $460.05 billion.

Microsoft Corporation’s (NASDAQ:MSFT) next generation Xbox will include a Wii U-like touchscreen controller, reports Xbox World magazine. According to unnamed sources, the controller will have a “matt-black media hub” and a “four-player, finger-tracking Kinect.”

The shares closed at $30.50, down $0.27, or 0.89%, on the day. Its market capitalization is $255.88 billion.

Cisco Systems, Inc. (NASDAQ:CSCO): Global tablet sales, which hit 67M in 2011, could grow to 248.6M by 2015, with smartphones projected to hit 1B during the same period, according to BGR.

The shares closed at $19.90, down $0.1, or 0.52%, on the day. Its market capitalization is $106.95 billion.

Baidu.com, Inc. (NASDAQ:BIDU): A white paper from Ogilvy & Mather and CIC highlighted how the popularity of micro blogs can have serious consequences for companies and brands operating in China, according to China.org. China.org noted that China Internet Network Information Center said there were more than 250M micro-bloggers in China by year-end 2011, a 297% increase year-over-year.

The shares closed at $136.59, up $1.14, or 0.85%, on the day. Its market capitalization is $47.67 billion.

Intel Corporation (NASDAQ:INTC): HP (NYSE:HPQ) has released two new ultrabooks, the Envy 14 and 15 Spectres, for the Taiwanese markets, according to Digitimes.

The shares closed at $26.69, down $0.17, or 0.61%, on the day. Its market capitalization is $135.93 billion.

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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com