3 Tech Titans Making Noise: Apple’s Next iPad Mini, Sony’s Quarterly Results, and Dell’s LBO Bid Isn’t Dead Yet
Apple Inc. (NASDAQ:AAPL): The iPad Mini with retina display technology — courtesy of Samsung (SSNLF.PK) — will begin mass production at the start of the fourth quarter, and suppliers have indicated that the company is thinking about different colors for the back panel of the 7.9-inch tablet, The Wall Street Journal is reporting. It’s still unclear if the device will be launched during the same period.
Sony Corp. (NYSE:SNE): Sony has brought its net profit back to black, posting a figure of 3.48 billion yen ($35.38 million) following a loss of 24.64 billion yen last year. Sales jumped 13 percent to 1.71 trillion yen, beating the consensus of 1.64 trillion. The company also maintains its full-year forecast for a net profit of 50 billion yen and an operating profit of 230 billion yen, though it raised its sales projection by 5 percent to 7.9 trillion yen.
Dell Inc. (NASDAQ:DELL): Michael Dell and Silver Lake may not quite be out of the running — at least, not yet. Some of Dell’s largest investors that have abstained so far in Dell and Silver Lake’s bid to take the company private have apparently told Dell’s board that they will support the buyout group’s increased offer of $13.75 per share, which could be all that is needed for the duo to win out if the record date for shareholders is amended. The shareholder vote is slated for Friday.
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