Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Techquity: Amazon win over Apple; More Facebook friends

Wednesday, 02 Jan, 2013 - 02:39

Jan 2 - U.S. judge sides with Amazon in dispute with Apple, while more analysts raise their price targets on Facebook.

▲ Hide Transcript

View Transcript

Look to equity -- -- want tech -- I'm John Marino editor of Thomson Reuters C. Next we've got to count and it's Amazon one Apple's zero FaceBook is getting more likes and EMC is not. First up a US judge deciding with Amazon and legal battle with apple the judge -- apple cannot bring false advertising claim against Amazon for the use of the term. App Store. And granted Amazon's motion for partial summary judgment. However claims including trademark infringement still -- shares of Amazon are beginning the year north up 1%. Apple on the other hand it may be getting busy preparing for a new debut of products the next wedge saying that the company has begun testing you know I've found and the new version of its IOS software. App developers have found references to vote. Use a lot coming from an Internet address in Apple's Cupertino California campus. To Peter capital management is saying today that it forecasts and new iPhone coming with a larger screen and -- color -- Beyond traditional black and white shift for apple are up as much as 4% at one point today now just about half that. FaceBook is getting a boost from a couple brokerages both underwriters from its IPO including the underwriter Morgan Stanley. Analyst Scott Bennett thinks that the social network has begun to crack the code. For more money from its mobile users he sees that generating 20% or more on advertising revenue from mobile in the fourth quarter and that is way up. Earlier this year. JPMorgan is highlighting an advertising gains made as a result. To the strong response to marketing through the service its check show that Samsung one benefited handsomely from using ads on FaceBook. To launch its galaxy S three Smartphone Samsung's return on the investment was thirteen times it's ten million dollars and that's Morgan Stanley now has its price target from 31 dollars to 32. And JPMorgan is increasing its target from 29 dollars to 35. All right it's soaring sputtering time. Checking out our movers and shakers from today -- believe it or not -- -- Packard company's saying in its new annual report that it could sell assets or set up joint ventures shares leapt 9% earlier now up about five member HP it was the worst performer. In Dow Industrials 2012. Sputtering is EMC one analyst is cutting his numbers for the company's fourth quarter and another is expecting storage company to reduce its numbers for 2013. Shares there were down 3% that's -- particularly this Wednesday remembered you can follow us on Twitter RT artists equity I'm John Marino. That's what.

Techquity: Amazon win over Apple; More Facebook friends

Wednesday, 02 Jan, 2013 - 02:39

Top News »

Editors' Picks »

The Exchange »

Moving Pictures »