Groupon, Sina, Amazon and Apple Light Up Friday Technology Highlights
Barnes & Noble Inc. (NYSE:BKS) will introduce its new Nook tablet on Monday. It comes with a $249 price tag, a $50 premium from Amazon’s (NASDAQ:AMZN) highly-anticipated Kindle Fire that will hit shelves one week later, on Nov. 15. Both tablets will be pitted against one another with their Google Android OS systems and similar features.
Barnes & Noble will have to hit hard with the more memory and faster processor selling points while Amazon will counter with its cloud services.
Sina Corporation’s (NASDAQ:SINA) real-time Weibo microblogging platform is a thorn in Baidu, Inc.’s (NASDAQ:BIDU) side. Baidu has had enough and is testing out its own Chinese microblog search service. However, Sina will spoil the party as the new service doesn’t support it and therefore will affect its usefulness.
EU’s regulators are investigating whether Apple Inc. (NASDAQ:AAPL) and Samsung Electronics Ltd (SSNLF.PK) have violated antitrust laws. They are reviewing whether the two companies attempted to have each others’ products banned as opposed to getting “standards-essential patents.” This ongoing problem between the two companies includes 20 lawsuits in 10 countries.
According to a recent BusinessWeek article, 25 companies called the “hottest offerings” that experienced large post-IPO jumps in 2010 or 2011, 21 of them now trade below opening day prices. This includes LinkedIn.
Fusion-io Inc. (NYSE:FIO) shares jumped afters its CEO David Flynn appeared on CNBC today and said the “surface hasn’t even been scratched” in the market for the company’s “revolutionizing” data storage. He noted that Facebook and Apple Inc. (NASDAQ:AAPL) are part of its broad customer base.
Earlier this week, Fusion-io reported its fiscal quarter one earnings, with a 175 percent revenue rise year over year to $74.4 million and earnings per share of $0.15. This beat analysts’ estimates and the company raised its annual revenue outlook.
FURTHER READING: Gold and Silver Pause, Central Banks Remain Net Buyers of Gold>>