Facebook Inc (NASDAQ:FB) unveiled the first child of the Creative Labs, a news reader app called Paper. A fifteen person team worked for well over a year to build this standalone app that reimagines the News Feed as a highly tactile, visually immersive mobile newspaper. Facebook Inc (NASDAQ:FB) stock opened today at $60.47 and is currently trading at $61.47. The stock showed a positive weekly performance of 7.86%.
Twitter Inc (NYSE:TWTR) agreed to purchase 900 patents from International Business Machines in December, bolstering its defense against litigation and resolving a dispute between the companies. Twitter Inc (NYSE:TWTR) stock opened at $63.39, in current trading session and currently is at $63.56, by gaining 0.35%. The 52 week range of $38.80 – $74.73. Company’s market capitalization is $35.28 billion.
Ericsson (ADR) (NASDAQ:ERIC) and Qualcomm Technologies, Inc., a wholly owned subsidiary of Qualcomm Incorporated, successfully completed the world’s first inter-vendor interoperability testing of LTE Category 6, based on commercial LTE chipsets and infrastructure supporting Telstra’s carrier aggregation bands. Final stages of testing were completed in collaboration with Telstra, whose LTE Advanced network in Australia is being readied for Category 6 commercial launch. LTE Category 6 offers much higher potential data speeds than Category 4, which peaks at 150Mbps. Ericsson (ADR) (NASDAQ:ERIC) stock is open at $12.26 and currently trading at $12.23. The EPS of the stock is -0.04. Company’s market capitalization is $40.40 billion.
TheStreet Quant Ratings rates Qihoo 360 Technology Co Ltd (NYSE:QIHU) as a hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall. Qihoo 360 Technology Co Ltd (NYSE:QIHU) stock opened the session at $94.83, and now is at $97.70. The 52 week range of the QIHU stock remained $27.76 – $98.68 and the day range was $ 94.33 – $98.24.