This Apple Inc. (AAPL) Sell-Off Is Getting Out of Hand: Rackspace Hosting, Inc. (RAX), salesforce.com, inc. (CRM)

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Notable newsmakers
Among the other tech stocks making news last week:

  • LinkedIn Corp (NYSE:LNKD) touched a new all-time high last week, and is still rallying today on news of the platform seeing increased use in sales engagements and for content marketing such as company whitepapers and sponsored posts. All signs point to LinkedIn growing to become much more than it is today.
  • Groupon Inc (NASDAQ:GRPN) enjoyed gains after its board fired co-founder Andrew Mason as chief executive. His departing letter to staff has since been made public, and offers no apologies for a strategy that seemed to me doomed from the beginning. Instead, Mason said he was “in the way” of the market giving his company a second chance to execute.
  • Finally, at the annual Mobile World Congress conference in Barcelona, Spain, the non-profit Mozilla Foundation made good on threats to transform its browser into a mobile operating system while LG Display Co Ltd. (ADR) (NYSE:LPL) announced plans to purchase webOS for creating an interactive television experience. Incumbents may find it tougher to grow in 2013.

The article This Apple Sell-Off Is Getting Out of Hand originally appeared on Fool.com and is written by Tim Beyers.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Apple, Google, Rackspace Hosting, Riverbed Technology, and Salesforce at the time of publication. Check out Tim’s web home and portfolio holdings or connect with him on Google+Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool recommends Apple, Google, LinkedIn, Rackspace Hosting, Riverbed Technology, and Salesforce. The Motley Fool owns shares of Apple, Google, LinkedIn, and Riverbed Technology.

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