Yahoo & Facebook Hold Talks, Apple Reverses Slump: Tech Business Recap
Yahoo! (NASDAQ:YHOO) Chief Executive Marissa Mayer and Facebook’s (NASDAQ:FB) Chief Operating Officer Sheryl Sandberg are said to have been in talks in regards to how the firms might work together more closely. Already, the Internet titans have collaborated on several small projects such as sharing Yahoo! news on Facebook and also have resolved long-standing patent lawsuits. For its part, Facebook desires to reinforce its web search facility as Mark Zuckerberg commented that the social network is “pretty uniquely positioned to answer the questions people have”.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
On Tuesday, the iPhone 5 will be available by reservation at China Telecom (NYSE:CHT), which is Apple’s (NASDAQ:AAPL) official partner in China, says The Beijing Times. Originally, Chief Executive Tim Cook had announced that the smartphone would go on sale throughout China in December. Incidentally, IDC now says that China is the world’s largest market for smartphones. Meanwhile, Apple shares seem to have gotten past their recent slump as they are up more than 6 percent in late afternoon trading in New York.
Nokia Corporation’s (NYSE:NOK) Lumia 920 has sold out in stores in Germany, which must be good news for the firm, and might extrapolate from the situation a sign of worldwide interest for the phone. After a number of embattled quarters, it is possible now that Nokia has come up with a winner which could also signal good times ahead for Windows Phone 8. However, some observers are awaiting the actual sales numbers before getting too excited.
Don’t Miss: Facebook and Yahoo: Deal or No Deal?