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Techquity: Apple's latest TV-related buy, Facebook's pitch

Wednesday, August 14, 2013 - 03:10

Aug 14 - Apple reportedly makes a purchase as billionaires purchase it. Plus, Facebook tries to sell itself to Madison Avenue.

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Financial -- succeeding with apple. The stock got a shot in the arm Tuesday when Carl Icahn indicated he doesn't buyer. The hedge fund giant that he thinks the stock is worth 700 dollars and shares climbed 5%. Heat to Twitter to disclose his position and does believe shares are undervalued. He also mentioned this conversation with CEO Tim Cook and push for more share buy backs. The stock up another 2% today and crossing 500 dollars for the first time since January. But -- not the only power player to score with a beaten down stock. Leon Cooper -- Omega advisors bought apple in the second quarter when shares traded at 415 and below. While David -- apple is the management is the winner too but less of one after selling about a third of its stake. Apple meanwhile on not just talking with investors the company reportedly bought much TV. The apple recently shut down provides information on available content from cable providers services like Netflix. And video stores like iTunes it could help with apple TV offerings. A mixed bag for apple and industry data out today. The positive -- iPad as well ahead of the competition when it comes to app optimize for the tablet sized screen. Can Alice found only about half of the top fifty paid and free apps in the US App Store are available through Google play not much for tablet it. 30% were completely absent while another 18% weren't optimize it. While Gartner data on Smartphones. Should apple losing market share to Samsung. Analysts they are concerned a lower cost iPhone could lead more buyers to choose it instead the company's flagship iPhone 5. Faced but giving US advertisers 128. Million reasons to spend money on the social network. It put out data showing a 120 million users go on the service each day in the last. While 24 million visit daily from the UK the push comes ahead of an expected launch of video ads on the site but -- -- declined comment. -- marketer expects the average time spent daily with digital media to surpass TV viewing for the first time this year. Shares of -- roughly flat near 37 dollars. 1 investor not benefiting from its recent climb Leon Cooperman -- Omega advisors sold its stake by the end of June. Soaring today as -- okay communication. The network equipment maker reported results that topped forecasts. And the demand for its storage products is improving. Shares up 15% to a 52 week high. Sputtering is X one. The 3-D printing company missed sales forecast and -- not look at the lower end of its guidance. The weak yen hurting it as it gets most of its sales outside the US shares down 7%. That's equity this Wednesday remember you can follow us on Twitter at -- TR at technique I'm sharing -- and then. -- --

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Techquity: Apple's latest TV-related buy, Facebook's pitch

Wednesday, August 14, 2013 - 03:10