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Facebook reportedly plans IPO filing for Wednesday

January 27th, 2012

Facebook plans to file for its initial public offering as soon as Wednesday next week according to multiple reports from Dow Jones Newswires. Morgan Stanley is expected to win the deal to lead the highly anticipated IPO, and Goldman Sachs is also reportedly expected to play a role. According to Dow Jones Newswires, Facebook is …

Shareholder sues HP for bailing on webOS, TouchPad

September 16th, 2011

HP shareholder Richard Gammell has filed a class-action lawsuit against HP after the company made the drastic decision to kill off the TouchPad in August, which resulted in a 20% drop in share price the following day, Reuters reported. Gammell argued in the suit that HP failed to inform investors the webOS operating system was …

Carriers seeking an alternative to Apple, Google may turn back to BlackBerry

August 26th, 2011

Research In Motion will benefit in the near term from the ongoing launch of its new BlackBerry 7 smartphones, which are being described as the vendor’s strongest devices in some time. Sterne Agee analyst Shaw Wu upgraded his rating on RIM stock to Buy from Neutral, increasing his price target to $35 from $28. Wu sees near-term opportunity …

Apple fails to meet reseller demand for 13-inch MacBook Air

August 23rd, 2011

Apple has not been able to provide “significant stock” of its new 13-inch MacBook Air notebooks to its indirect reseller channels, including Amazon and Best Buy, AppleInsider reported on Tuesday. Best Buy’s website says it is sold out online while Amazon is currently selling the 128GB and 256GB models for $250 more than the computer’s …

Ticonderoga: 'Exit this highway to Dell' before it's too late

August 19th, 2011

Dell delivered second-quarter earnings on Wednesday that beat the Street’s estimates, reporting net profits of $890 million, or $0.05 per share above analysts’ consensus. The world’s No.2 PC vendor missed revenue estimates however, and it slashed guidance for the remainder of 2011. In a note to investors on Friday, Ticonderoga Securities analyst Brian White told …

Primecap doubles RIM stake in vote of confidence

August 8th, 2011

Pasedena, California-based investment management firm Primecap Management Co. recently doubled its investment in BlackBerry vendor Research In Motion. According to a recent regulatory filing, Primecap now owns 26.4 million shares of RIM stock valued at about $577 million as of Monday’s close, and the stake represents approximately 5% of RIM’s total outstanding shares. According to …

Analysts raise Apple stock price target ahead of earnings

July 19th, 2011

Apple will release its fiscal third quarter earnings on Tuesday afternoon and analysts have boosted the stock price target in anticipation of a solid quarterly report. The iPhone maker’s shares hit a record high of $373.80 at the close of the day on Monday. BGC analyst Collin Gillis has boosted the price target of Apple’s …

HTC shares tumble after company infringes on Apple’s patents

July 18th, 2011

Shares of HTC’s stock closed down 3.9% at T$871 on Monday, just three days after the the U.S. International Trade Commission announced that the Taiwanese company was guilty of infringing on two of Apple’s patents. The patents were related to a “system and method for performing an action on a structure in computer-generated data,” and …

Farmville creator Zynga files for $1 billion IPO

July 1st, 2011

Zynga, the popular gaming company behind hits such as Farmville — and the owner of other smash titles such as Words with Friends on Android and iPhone — has filed for an initial public offering (IPO), The New York Times reported on Friday. It currently has a $20 billion valuation and has plans to offer …