Tech Business Report: Sharp’s Capital Tie-Up With Intel, Facebook Wins In Ireland
Sharp Corp. Ltd. (SHCAY.PK) is said to be in discussions with Intel Corporation (NASDAQ:INTC) regarding a possible capital tie-up that would entail a cash injection in excess of $383 million. For its part, Intel would like to capitalize on Sharp’s small-to medium-sized LCD panel tech, but for Sharp, the tie-up would supply it some much needed cash and steady customer traffic for its panel technology.
Already, the iPhone 5 has gone on sale in Asia, Europe and Australia, accompanied by the now-usual hubbub along with lines around the block and should launch in the United States as well. A problem exists in France as a union that represents 25 percent of Apple’s (NASDAQ:AAPL) employees voted to strike Friday following a breakdown of negotiations on pay and conditions.
Shares of Research In Motion Limited (NASDAQ:RIMM) tumble after BlackBerry data services suffered an outage that impacted the Europe, Middle East and Africa regions. Service was restored after a few hours, but the public relations damage was done. The firm’s network was hit with a major outage last October as well.
Facebook (NASDAQ:FB) scores a win as Ireland’s inquiry into the company’s privacy and data protection policies ends favorably in the country where FB’s European operations are based. More specifically, regulators suggest in a 74-page report that the firm’s policies are now mostly in line with European Commission rules.
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