Tech Business: Pandora Shares Pre-Lockup, Nokia Prepares to Invade the U.S.
Zynga (ZNGA) has received enough orders to cover the 100M shares it’s selling in its IPO, reports Bloomberg. IPO advisor Lise Buyer says warns it’s too early to draw conclusions but Zynga’s “off to a promising start”.
Samsung (SSNLF.PK) wins the Australian round of its global patent battle with Apple (NASDAQ:AAPL). However, this is after the country’s High Court lifts a ban on selling the Galaxy tablet, with the decision coming just in time for Christmas. A French court rejected Samsung’s bid to block sales of the iPhone 4S in France yesterday.
Investing Insights: Fortune’s 10 Best Stocks for 2012: Better than Last Year’s Picks?
Panasonic (NYSE:PC) announces a plan to expand its smartphone business into the European market. Set to start in March 2012, the firm states a goal of delivering 9M overseas smartphone sales in FY16, using Europe as a launching pad.
Nokia (NYSE:NOK) reports, WSJ, will jump back into the U.S. cellular market next week with an announcement that T-Mobile (DTEGY.PK) will carry Nokia’s Lumia 710 smartphone running Windows Phone 7 (NASDAQ:MSFT) software, confirming an earlier report. Research in Motion’s issues have provided a window of opportunity for NOK, but the launch likely will be dubbed a failure if early sales are slow.
Pandora (NYSE:P) shares trade lower in advance of the expiration on Monday of a big lock-up of 144M shares. For the first time, insiders and other locked-up Pandora owners will be eligible to sell.