Nokia Corporation (ADR)(NYSE:NOK)’s CEO,
Stephen Elop, has said that its relationship with partner and software giant Microsoft will not
change, the Washington based company's foray into tablets and deals with rival
phone makers notwithstanding.
At the Morgan Stanley Technology, Media and
Telecoms conference in Barcelona, he said that Nokia continues to have a
"special" relationship with Microsoft, even as rivals launch phones
with Windows Phone software,
adding "They're not sitting in the priority meetings that we're sitting in."
Market experts say that if it comes out with
its own smartphones, Microsoft could one day turn into a rival. There is also
speculation that the Microsoft could one day take over the Finnish company.
Facebook: Another lock-up expiry
Facebook Inc(NASDAQ:FB)’s longest lock-up
period expires today freeing millions of shares for possible sale in the
market, the danger being that this could depress the share prices if many of
the holders rush to sell.
The freed up shares number 773 million, along
with 31 million restricted stock units. In addition, about 48 million shares
held by former employees of the social networking company will also be eligible
for sale, taking the total to 852 million.
The previous
lockup expiration was on October 29, when U.S. stock markets were closed
because of Superstorm Sandy. When the market opened 2 days later, the stock
fell nearly 4 percent.
Earlier, on
October 24, it had registered the highest single-day gain on
better-than-expected results and on detailed explanation of its mobile ad
income. Mobile ads are an important revenue source as more and more users
access the networking site from tablets and smartphones.
Starting from the time of the IPO, the stock, priced then at $38 has
been under pressure- technical glitches on the day of debut, doubts about the
site’s revenue earning capacity etc.
Shares of FB
soared 9%t to $21.64.
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