Amazon Wins From Apple Offer, Samsung’s Earning Outlook: Tech Business Update
An offer by Apple (NASDAQ:AAPL) and four publishers to reduce pricing constraints on Amazon.com (NASDAQ:AMZN) and other retailers, has prompted regulators in the European Union to end their antitrust inquiry into e-book prices on Thursday. Amazon wins a victory from the decision, which permits it to sell e-books less expensively than competitors in the quickly-growing market.
Groupon (NASDAQ:GRPN) needs to set up large numbers of products to become profitable, as it enters e- commerce, and to secure sufficient inventory; it is developing software that will assist small retailers in easily setting up flash sales on its Groupon Goods site. A new tool, DealAdvisor, will enable shopowners to arrange sales for a fixed period, aiming towards the millions of visitors to Groupon’s pages. Vice President Faisal Masud says that the feature is supposed to bring more merchandise to the year-old Groupon Goods e-commerce service.
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Samsung (SSNLF.PK) saw its market value exceed $200 billion last week, and on Thursday led Asia tech shares higher, jumping to a record on a stronger earnings outlook. Shares rallied by 2.9 percent to 1,533,000 won in Seoul, while LIG Investment & Securities Co. and IBK Securities Co. on Wednesday raised their share-price estimate, pointing at stronger earnings outlook for next year.
AVG Technologies (AVG) reported a new Search and Distribution relationship Thursday with Yahoo!. Through the terms, AVG now offers their customers more choice among search providers, and Yahoo! is extending its search presence to additional users. The former provides Internet and mobile security to 143 million active users.
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