Editor’s Note: Related tickers: Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), Nokia Corporation (ADR) (NYSE:NOK), Vodafone Group Plc (ADR) (NASDAQ:VOD), Verizon Communications Inc. (NYSE:VZ)
Shares of Wistron move higher on Apple order speculation (FocusTaiwan)
Shares of Wistron Corp. continued to rally Tuesday on market speculation that Apple Inc. (NASDAQ:AAPL) is likely to have the Taiwanese contract manufacturer assemble some of its new iPhones, dealers said. Many investors hoped that once Wistron, one of Taiwan’s leading contract notebook computer providers, received orders from Apple, it would offset the impact of falling global demand for personal computers, dealers said.
Google Sees Unusually Large Options Volume (GOOG) (MideastTime)
Shares of Google Inc (NASDAQ:GOOG) saw unusually large options trading on Monday. Investors acquired 18,455 put options on the stock, American Banking and Market News reports. This is an increase of approximately 425% compared to the average daily volume of 3,516 put options. In other Google news, Chairman Eric Schmidt unloaded 85,916 shares of the company’s stock on the open market in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $851.27, for a total value of $73,137,713.32. Following the sale, the chairman now directly owns 34,095 shares in the company. The sale was disclosed in a document filed with the SEC, which is available at this link.
Microsoft to buy Nokia’s mobile phone unit (BBC)
Nokia Corporation (ADR) (NYSE:NOK) will also license its patents and mapping services to Microsoft Corporation (NASDAQ:MSFT). Nokia shares jumped 45% on news of the deal. The purchase is set to be completed in early 2014, when about 32,000 Nokia employees will transfer to Microsoft. While Nokia has struggled against competition from Samsung and Apple Inc. (NASDAQ:AAPL), Microsoft has been criticised for being slow into the mobile market.
Apple Inc. iPhone Trade-in Programs Update for Consumers (IBTimes)
On Friday, Apple Inc. launched its iPhone trade-in programs for its U.S. retails stores. According to Apple, its “reuse and recycling” program for iPhone devices was aimed to still promote value on iPhones even after they have been pre-owned. “In addition to helping support the environment, customers will be able to receive a credit for their returned phone that they can use toward the purchase of a new iPhone,” according Apple Inc. (NASDAQ:AAPL)’s spokesman.
Microsoft, Google to sue government over surveillance data (BusinessWeek)
U.S. technology giant Microsoft Corporation (NASDAQ:MSFT) said it will join with Google Inc (NASDAQ:GOOG) to sue the federal government over the right to publish surveillance data. After months of stonewalling the companies on the issue of how much data they could release on government surveillance requests, the Obama administration said Friday it would release its own annual reports on surveillance requests it makes to the Internet companies, Wired reported.
Nokia Stock Soars On Microsoft Deal (WSJ)
The tech world remains the place to be Tuesday, following the news that Nokia Corporation (ADR) (NYSE:NOK) has agreed to sell its struggling cellphone business to Microsoft Corporation (NASDAQ:MSFT) in a $7 billion deal. This comes fresh on the heels of Vodafone Group Plc (ADR) (NASDAQ:VOD) decision to sell its stake in Verizon Wireless, the largest U.S. cellphone company, to its joint venture partner Verizon Communications Inc. (NYSE:VZ) for $130 billion.
