3 Tech Titans Making Noise: Apple Eyes PrimeSense Acquisition, Google Gets an Upgrade, and Dell Ponders Vote Delay
Apple Inc. (NASDAQ:AAPL): Apple is reportedly engaging in early discussions for the acquisition of PrimeSense, and Israeli firm whose gesture-control chip technology was used in Microsoft’s (NASDAQ:MSFT) first-generation Kinect device. The company could go for an estimated $280 million in a deal that started with Apple simply being interested in purchasing the company’s products.
Google Inc. (NASDAQ:GOOG): Raymond James says that Google’s second-quarter search spend growth remained strong and expects it to continue into the second half of 2013 given higher mobile revenue from its new Enhanced Campaigns product and Product Listing Ads adoption. Shares are Outperform rated, with a price target raised to $1030 from $875.
Dell Inc. (NASDAQ:DELL): Dell is considering a postponement of its Thursday shareholder vote on the Michael Dell and Silver Lake leveraged buyout offer in order to seek a higher bid or allow for time to win support for the $24.4-billion deal. The delay could be about a week, an anonymous source told Bloomberg. The special committee of the board is likely to make a decision by Thursday morning if the votes already cast against the buyout are enough to scuttle it, the source said.