Facebook Inc. (NASDAQ:FB) acquisition of WhatsApp is the biggest under its portfolio to date, surpassing the $1 billion acquisition of instagram that could yet get it into hot water with looming privacy concerns. The acquisition is thought to be arousing lots of probes in Europe as watch dogs start to keep a keen eye on mobile messaging and Facebook. The price mark that Facebook had to pay for the big message app is what is raising concerns in Europe. Facebook Inc. (NASDAQ:FB) stock opened at $69.47 in last session, and closed at $68.46, while the day range of FB stock is $67.38-$69.88.The stock showed a negative weekly performance of -0.19%.
UBS analysts Gareth Jenkins and David Mulholland maintain a Neutral rating for Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) as they examine some recent news and notes from the company We met senior management from Nokia Solutions and Networks (NSN). The new detail was: 1.NSN sees a sense of rationality returning to the industry and cites limited price aggression 2. The company sees further consolidation around the top 3 vendors as tier 2 vendors struggle 3. While Ericsson (ADR) (NASDAQ:ERIC) cites incumbency, Alcatel Lucent SA (ADR) (NYSE:ALU) (EPA:ALU) cites its Intel relationship/openness and Cisco Systems, Inc. (NASDAQ:CSCO) sees its application layer prowess differentiating in a virtualised mobile world, NSN believes it has a time to market advantage evidenced by 50 customer trials (and 2 wins) in the area 4. Focus clearly remains on FCF/profitability though the company intends to regain European market share 5. Chinese spend is now ramping LTE in earnest. Nokia Corporation (ADR) (NYSE:NOK) stock opened at $7.71, in last session and closed at $7.58, by loosed -1.43%.The 52 week range was $3.02-$8.20.Company’s market capitalization is $28.14 billion.
AT&T Inc. (NYSE:T) is doing all it can to shrug off, competition from T-Mobile with its latest plans aimed at attracting more subscribers. The telecommunication magnet has decided to offer unlimited messaging accompanied with lower international call rates to its subscribers. This plan will mostly benefit subscribers under the Mobile share and Mobile share value plans starting February 28, 2014 AT&T Inc. (NYSE:T) stock loosed -0.93% and finished the last session at $31.93. The EPS of the stock remained 3.40.Company’s market capitalization is $166.25 billion.
The soft interest rate regime is giving rise to companies like Cisco Systems, Inc. (NASDAQ:CSCO) to reduce their interest burden. Companies are approaching the money markets to roll over their costly debts to far cheaper options available with longer maturities. Cisco Systems, Inc. (NASDAQ:CSCO) stock opened the session at $21.97, and closed the session at $21.80. The 52 week range of the CSCO stock remained $19.98-$26.49 and the day range was $21.70-$22.11.
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