The $19 billion that Facebook Inc. (NASDAQ:FB) is paying for a smartphone application, one of the biggest tech deals of all time, made jaws drop even in Silicon Valley, where entrepreneurs tend to have an inflated sense of their own worth. Facebook Inc (NASDAQ:FB)’s stock showed weekly performance of 1.87%.
Groupon Inc. (NASDAQ:GRPN) shares fell 22 percent Friday, the most in a year, after the online-discounts company forecast first-quarter profit that trailed analysts’ estimates on higher expenses for acquisitions and marketing.
In the DRAM and NAND space, Micron Technology, Inc. (NASDAQ:MU) continues to be a favorite. It was upgraded by investment firm JMP to “outperform.” In its fiscal Q1, free cash flow was $838M. This is an improvement from the $385M in Q4. Micron Technology, Inc. (NASDAQ:MU)’s stock in last trading day held volume of 44.81million shares as compared to its average volume of million shares.
Samsung has been jointly developing its mobile platform with Intel Corp(NASDAQ:INTC), as the dominance of Google’s free Android software, which Samsung uses for its Galaxy line of products, continues to grow and is now used in almost 80 per cent of the global smartphone market. Intel Corporation (NASDAQ:INTC)’s stock on Feb 21, 2014 reported a decrease of -1.29% to the closing price of $24.42.
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