4 Tech Stock Stories Making a Buzz on Monday
Apple Inc. (NASDAQ:AAPL): Closing price $476.82
It has been reported that Carl Icahn and Apple Chief Executive Tim Cook are meeting in New York on Monday. The occasion follows Icahn’s tweets earlier in the summer that he has taken a large position in the iPhone and iPad maker, and that he intended to have dinner with Cook, according to CNBC and All Things D. Icahn has termed Apple as a “no brainer” and extremely undervalued. Apple shares jumped when Icahn first announced he had taken a stake, but have since declined to below where it was at that time.
Google Inc. (NASDAQ:GOOG): Closing price $875.99
On Monday, Google said that it’s bringing its BufferBox lockers to San Francisco, representing the first expansion of the delivery service into the United States since the former bought the Canadian company late in 2012. Quite similar to Amazon’s lockers, the BufferBox service allows users direct deliveries to a locker rather than their own address if they do not expect to be at home, for no charge at the time being. This most recent expansion is also joined with Google’s recently announced Shopping Express service and mobile apps, which may now be used to steer same-day deliveries towards a BufferBox locker.
Facebook Inc. (NASDAQ:FB): Closing price $50.25
The app measurement and advertising platform Flurry says that it has appointed the former Facebook executive Grady Burnett as its Chief Operating Officer to lead sales, marketing and business development. Grady comes to Flurry with 16 years of advertising tech experience. Most recently, he served four and a half years as vice president, global marketing solutions at Facebook, at which his teams managed the majority of the company’s revenue and he helped create and implement its advertising strategy.
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM): Closing price $16.97
According to a report published by Hankyung in Korea, Taiwan Semiconductor Manufacturing will do the majority of the manufacturing for Apple’s next-generation A8 processors, with the remainder going to Samsung Electronics. It is anticipated that TSMC will to cover between 60 and 70 percent of total production for the A8 while Samsung will stay a contract manufacturer responsible for the remainder. Samsung had been the only supplier of processors for Apple’s iPhone and iPad devices. However, the new 64-bit A7 chip in Apple’s recently-reported iPhone 5s are still made by Samsung.