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Techquity: Cheaper iPhone clues, Amazon hiring

Monday, July 29, 2013 - 03:22

July 29 - Clues about a cheaper iPhone come from an unlikely place. Plus, Amazon plans to increase staff at its fulfillment centers.

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Another apple supplier has been accused of violating workers' rights of its plants in China. But it's what they were making that is of real interest to investors this time the allegations involve had to -- -- 70000 workers assemble ipads and iphones. But the report by the human rights group making those charges China labor watch reveal more than details but under unpaid overtime and underage workers. It -- all those rumors about apple making a cheap iPhone. Workers discussed billion device with plastic back cover and pasting protective film on and so wouldn't get scratched on the assembly line. Apple has been rumored to be developing a lower cost iPhone to better compete in emerging markets. Since the report revealed details about one new product we search for signs of others. No references to television or TV one I watch -- got us excited but. It turned out to be a worker quoted as saying I watched as my coworkers etc. except. One guy who may be working on and I watch -- Apple's senior vice president technologies. Apple says Bob Mansfield is no longer on its executive team because it's moving him over to work on special projects. But that special projects team includes a former CEO -- or wrong. And the New York Times reporter earlier this year that Mansfield was particularly interested in wearable technology. Apple Stock trading above its fifty day moving average for the fourth straight session up one and a half percent. A big deal for big data on -- joining forces opposed. Well leapfrogged the largest ad company WPP. Decrease of 35 billion dollar -- it's -- bet that agencies will need to invest in software and data analytics. Keep up with changes brought to the industry by the Internet. Just to -- he has sent to the challenge if you take the market cap of the combined on a couple of things -- act in WPP. You get 59 billion dollars but less than a market cap of FaceBook reports earnings announcement which was 65 billing. Now it's up to about 85 -- forget Google. FaceBook up more than 2% today crossing the 35 dollar market one point still three bucks below its offer price. Google roughly flat -- 800. -- trying to fill orders for more workers. The company says the plan at 5000 jobs at seventeen fulfillment centers across the US. A boost and always at the warehouse to more than 20000. The announcement comes one day before President Obama is scheduled to visit the fulfillment center in Chattanooga Tennessee to talk about jobs. Amazon shares down 1% today but holding above three -- Story today's 3-D systems. Analyst expressing optimism but -- -- printing company earnings due out before the bell Tuesday. Bring capital started original buy rating and sixty dollar price target stock is up more than 5%. And sputtering is still -- dot com. The Chinese Internet reporter reports second quarter revenue below estimates and lowered its profit guidance for the current quarter. Shares down nearly 10%. And that's equity this Monday remembering can follow us on Twitter RT artists -- I'm Fred Katayama this is.