Τρίτη, 9 Αυγούστου 2011

Fwd: Technology Report: LG Display plans to invest $2.83 billion in OEL panels





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08/8/2011
News Good afternoon John
As the Nasdaq Composite index continued its week-long tailspin, tech investors and analysts are wondering what the stock plunge could mean for the pending IPOs of companies like Groupon and Zynga.

The coming week, which has about a dozen IPOs scheduled to price, will be a good test of the severity of the selloff, according to Nick Einhorn, an analyst at Connecticut-based IPO research house Renaissance Capital. "Less mature, less profitable companies could have a tougher time going public," Einhorn told Reuters.

If there was to be another recession, writes Investor Place's Tom Taulli, "the IPO market will freeze up. It will mostly be only standout companies – such as Zynga and Facebook – that will get traction. A company like Groupon, which has substantial losses, may have to delay its offering or cut the valuation."

Groupon, which more than doubled subscribers this year to 115 million, plans to abandon the use of a controversial financial measure it once touted as a good indicator of performance, two sources with knowledge of the situation said.

Hackers competing at the world's largest hacking convention in Las Vegas found it ridiculously easy in some cases to trick employees at some of the largest U.S. companies to reveal information that can be used in planning cyber attacks against them.

Will it be more bad news for Cisco Systems? The IT giant reports its quarterly results on Wednesday and investors expect a weak outlook after Juniper Networks and Brocade Communications Systems slashed their forecasts.

Almost half the workers in Verizon Communications' wireline telecommunications business went on strike on Sunday as negotiations for a new labor contract failed.

Expect to see RIM's first QNX phone in the first quarter of 2012, writes Boy Genius Report.

Angry Birds developer Rovio is getting into baby products after the Finnish company's foray into toys paid off.
LATEST NEWS
LG Display plans to invest $2.83 billion in OEL panels
August 08, 2011 04:11 PM ET
(Reuters) - South Korea's LG Display aims to invest about 220 billion yen ($2.83 billion) toward mass-production of OEL (organic electroluminescence) panels from the second half of 2014, the Nikkei business daily reported, quoting a top executive. | Full Article
Verizon unions strike after contract talks fail
August 08, 2011 12:08 PM ET
NEW YORK (Reuters) - Almost half the workers in Verizon Communications' wireline telecommunications business went on strike on Sunday as negotiations for a new labor contract failed. | Full Article
IPO View: Market rout exposes high-flying dotcom deals
August 08, 2011 04:45 PM ET
NEW YORK (Reuters) - The latest market rout might serve as a warning to investors who have euphorically poured money into high-flying technology stocks. | Full Article
"Desperate Housewives" streaming to China
August 08, 2011 06:07 PM ET
SHANGHAI (Reuters) - Hollywood studios are set to break into China's massive Internet market as domestic video sites scramble to screen U.S. movies and dramas on their digital platforms, a move which could also curb rampant piracy. | Full Article
Wall Street plummets as fear jumps on historic downgrade
August 08, 2011 06:00 PM ET
NEW YORK (Reuters) - U.S. stocks plunged on Monday in the heaviest volume since last year's "flash crash," taking the S&P 500 down more than 6 percent on growing fears of a recession, in the first session after the historic loss of the country's pristine triple-A credit rating. | Full Article
BUSINESS NEWS
Global policy actions fail to halt stocks rout
August 08, 2011 06:02 PM ET
WASHINGTON/LONDON (Reuters) - Political leaders failed to halt a global stock market rout that gathered steam on Monday as investors lost confidence that Europe and the United States can rein in their budgets quickly and fear spread of a double-dip recession. | Full Article
S&P defends U.S. downgrade; Moody's says U.S. still AAA
August 08, 2011 04:45 PM ET
NEW YORK (Reuters) - Ratings agency Standard & Poor's, still under fire for downgrading the United States late last week, Monday restated the reasons for its decision while rival Moody's set itself apart, saying America still has the characteristics of a AAA-rated country. | Full Article
Oil slumps 5 percent, U.S. downgrade stokes economy angst
August 08, 2011 05:23 PM ET
NEW YORK (Reuters) - Oil plunged 5 percent on Monday, crashing below technical support levels as the reduction of the top-tier U.S. credit rating hammered markets and stoked concerns of an economic slowdown. | Full Article
Analysis: Plunging stock prices a sword over U.S. economy
August 08, 2011 04:36 PM ET
WASHINGTON (Reuters) - Plunging stock prices in the wake of Standard & Poor's decision to strip the United States' top-tier AAA credit rating may threaten consumer confidence and could push the frail economy into recession. | Full Article
Freddie Mac seeks $1.5 billion from taxpayers
August 08, 2011 05:49 PM ET
WASHINGTON (Reuters) - Mortgage finance giant Freddie Mac FMCC.OB said on Monday it would ask for an additional $1.5 billion from taxpayers due to losses stemming from the weak housing market. | Full Article
U.S. TOP NEWS
Pressure grows for Fed to act as stocks plunge
Syrian tanks pound city as Arab states withdraw envoys
British riots spread on third night of violence
Obama says U.S. is still a AAA country
First tax-free holiday in Arkansas a boon for business
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