Techquity: Zynga, Take-Two got game; Apple's Brazil problem
Wednesday, February 06, 2013 - 02:53
Feb 6 - Zynga and Take-Two show growth in the struggling gaming field while Apple encounters another trademark issue.
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It's not game over for Zynga mark Pincus is firm posting a surprise fourth quarter profit. The company behind farm bill and other games calming investors who had feared the worst. -- of revenue was flat and down from the prior quarter and also forecast revenue declining for next quarter. The company is undertaking steep cost cuts as consumers have moved to mobile devices and away from desktop computers. Which is the most lucrative platform for its FaceBook eight games. But now plans to quickly discard titles that don't can be -- shares reached a milestone of sorts climbing above three dollars for the first time since September -- the stock is still about a third of its ten dollar per share IPO price -- 2011. Another tech company opening it upping its game is take two interactive video game firms saw strong sales of its NBA two K thirteen among other titles. Pushed sales and profit high. The results far exceeded Wall Street estimates and also come after rival -- slashed its own forecast. Take two raising its profit forecast for fiscal year that is going to -- in March and -- season game. Of between five and twenty cents per share that's up from note gained twenty cents forecast. Not their surging more than 10% on more than triple the average daily volume over the last ten weeks. Now on to a few tidbits from are four horsemen of the Internet starting with -- another -- problem in an emerging market. Source telling Reuters that Brazil will true apple of the right to use its iPhone trademark there and instead granted to a local company that registered first. The official decision from the country's institute of intellectual property is expected come next month and follows Apple's battle in China for the rights to its iPad name. There agreed to pay sixty million dollars to proview technologies in 2012 to settle a lawsuit apple shares are flat so far today. Google meanwhile is going shopping to help its shopping prospect of paying a 145 million dollars per channel intelligence. Which helps retailers make their products easier for consumers upon online and in stores. They're stuck in a fraction news 770. -- -- sputtering our look at other movie -- story is Shutterfly. The online photo sharing site reporting 50% -- in net income that topped expectations. Several analysts raising their price target on the stock which is up 20%. And had a new 52 week high of forty dollars and forty cents. Spotter is and -- the communication the small -- designer of chips that's for video and broadband multimedia applications forecast revenue below estimates. And blame design flaws which have led to a loss in market share. Stock there is down more than 5%. That's it protects this Wednesday remember you can follow us on Twitter at RT RS tech wouldn't I'm John marina. The sports.
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