Barnes and Noble Inc. (NYSE:BKS) recently sent out an email to their customers letting them know they have until June 30th before their audiobooks are disabled. The Nation’s largest bookseller has confirmed that they are suspending their relationship with Overdrive, who provided their audio content. Apparently B&N is not getting out of the audiobook business altogether, and instead is charting a new strategy. Barnes & Noble, Inc. (NYSE:BKS) net profit margin is -3.60% and weekly performance is 3.68%. On last trading day company shares ended up $18.90. Analysts mean target price for the company is $19.00. Barnes & Noble, Inc. (NYSE:BKS) distance from 50-day simple moving average (SMA50) is 6.71%.
Qualcomm Incorporated (NASDAQ:QCOM) announced that its wholly-owned subsidiary Qualcomm Technologies, Inc. is expanding its Quick Charge ecosystem. NTT DOCOMO, INC., a personalized mobile solutions provider for smartphone and tablet users in Japan will have the opportunity to take advantage of Quick Charge 2.0’s rapid charging capabilities. DOCOMO has adopted the Quick Charge 2.0 technology, and has incorporated the technology into a device lineup that includes smartphones, tablets, and certified power adapters that are anticipated to be available beginning this summer. QUALCOMM, Inc. (NASDAQ:QCOM) shares fell -0.60% in last trading session and ended the day on $79.92. QCOM gross Margin is 60.00% and its return on assets is 14.80%.QUALCOMM, Inc. (NASDAQ:QCOM) quarterly performance is 4.79%.
Unlocking Zynga Inc. (NASDAQ:ZNGA) upside potential may happen sooner than expected if content hungry Chinese firms have their way. China’s mobile gaming market is growing at an estimated 20% a year and worth about $3 billion. Zynga Inc. (NASDAQ:ZNGA) shares moved down -1.21% in last trading session and was closed at $3.27, while trading in range of $3.25 – $3.34. Zynga Inc. (NASDAQ:ZNGA) year to date (YTD) performance is -13.95%.
On Tuesday, Toshiba Corp (USA) (OTCMKTS:TOSYY) the leading manufacturer of flash memory chips used in smartphones – has revealed that it has filed a patent-infringement lawsuit against Taiwan’s Powerchip Technology Corp and three other firms Powerflash Technology Corporation, Zentel Electronics Corporation, and C. T. C. Co., Ltd. Toshiba Corp (USA) (OTCMKTS:TOSYY) ended the last trading day at $25.18.
Big Data specialist Contexti has appointed former National Australia Bank Ltd. (ADR) (OTCMKTS:NABZY) head of product support, Darren Klein, as its new chief operating officer. On last trading day company shares ended up $15.49.