Technology Sector Review: Microsoft Said, Google Said
AsiaInfo-Linkage, Inc. (NASDAQ:ASIA): Sources with direct knowledge of the matter say that KKR (NYSE:KKR) and TPG Capital are among the private-equity firms lining up potential bids for AsiaInfo-Linkage (NASDAQ:ASIA), Reuters reports. A deal could be worth over $1B. AsiaInfo received a buyout offer in January from CITIC Capital and has also appointed Goldman Sachs (NYSE:GS) as a special adviser; CITIC has appointed Morgan Stanley (NYSE:MS) as a buyside adviser.
The shares closed at $12.95, up $1.25, or 10.68%, on the day. Its market capitalization is $938.01 million.
Apple Inc. (NASDAQ:AAPL): An individual plaintiff has filed a lawsuit against Google (NASDAQ:GOOG) for allegedly breaking several laws by circumventing the privacy features of Apple’s (NASDAQ:AAPL) Safari Internet browser, according to ars technica. The plaintiff is asking the court to award damages for all those who used Google on Safari, the publication added. Google said that anyone who opted out of an advertising program was unaffected by the action, the publication added.
The shares closed at $514.85, up $12.73, or 2.54%, on the day. Its market capitalization is $480.03 billion.
Microsoft Corporation (NASDAQ:MSFT): After Microsoft (NASDAQ:MSFT) said that Google (NASDAQ:GOOG) had ignored Internet Explorer users’ privacy preferences, Google responded by saying that Microsoft’s cookie technology is “widely non-operational,” The Verge reported last night. A 2010 Carnegie Mellon study found that over 11,000 websites, including Facebook(FB) and Amazon (NASDAQ:AMZN), use similar bypass methods, the publication reported.
The shares closed at $31.44, up $0.19, or 0.61%, on the day. Its market capitalization is $263.81 billion.
Baidu.com, Inc. (NASDAQ:BIDU): Online third party payment services receipts in China surged 30.9% quarter-over-quarter in Q4, China Daily reported.
The shares closed at $130.64, down $6.26, or 4.57%, on the day. Its market capitalization is $45.61 billion.
Intel Corporation (NASDAQ:INTC): Hewlett-Packard’s (NYSE:HPQ) new low-power servers featuring ARM-based (NASDAQ:ARMH) processors may be available for client testing staring in the second quarter of 2012, according to DigiTimes, citing industry sources.
The shares closed at $27.16, down $0.21, or 0.77%, on the day. Its market capitalization is $138.30 billion.
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