This column highlights the most interesting and useful technology news from around the Web.
ETF Daily News
Link: Apple Inc. Putting the Company’s $122 Billion Wad of Cash Into Perspective
(NASDAQ:AAPL) could purchase just about anything with its $122 billion wad of cash. In fact, the company has the ability to double its yield right now without even breaking a sweat. It holds that much in cash.
“Apple’s cash hoard is enough buy all of the gold reportedly stockpiled in the People’s Republic of China. Moreover, they could even afford to sweeten the deal and pay $1,900 per ounce.”
Link: Nokia Announces the Lumia 920T’s China Launch
(NYSE:NOK) announced today that it is partnering with China Mobile
-- China’s largest carrier -- to bring the Lumia 920T to Chinese consumers. It will be the first Windows Phone to support the country’s TD-SCMA standard
, and the first Windows Phone 8
(NASDAQ:MSFT) device available in China. The phone will be available by the end of the year for RMB 4599 (about $739) without a contract.”
Link: Pandora’s Stock Down 18% in After-Hours Trading on Atrocious Earnings
“Internet radio company Pandora
(NYSE:P) stock took a beating today in after-hours trading due to dismal fiscal year 2013 Q3 earnings results
“On the surface, it appears that Pandora is doing well, as it posted $120 million in revenue for the quarter, up 60 percent from the same period last year. Its mobile revenue more than doubled compared to last year at $73.9 million, and its listener hours were also up, reaching 3.56.”
Link: Samsung, LG and Others Hit with Record $1.92bn EU Fine Over CRT Screen Cartels
“Back in the days of cathode ray tube PC monitors and TVs, did you ever feel you were being charged too much? Chances are you were: the European Commission has just levied a record-breaking €1.47bn ($1.92bn) fine on big names such as Samsung
(NYSE:LGL) and Toshiba
(PINK:TOSBF) for forming price-fixing cartels between 1996-2006.”
Link: Another Reason Best Buy Is Doomed -- And Why That's a Problem
“Troubled electronics retailer Best Buy (NYSE:BBY) is already on the ReadWrite DeathWatch
list, and this holiday shopping season could be a make-or-break period for the company.
“After my visit there last weekend, I'm increasingly worried that it's gonna break. And I take no happiness in this realization, as my experience also reminded me just how much we need a good brick and mortar place to buy electronics.”
Link: Google Inc Warns About Possible Future Web Censorship
(NASDAQ:GOOG) and Mozilla have joined forces today to warn Internet users that web censorship could become a reality in the not-to-distant future.
“Today was the first day of the International Telecommunication Union’s (ITU) conference on making changes to a treaty that’s been in force for decades. The ITU is a branch of the United Nations, and almost 2,000 people are attending this week’s conference to make changes to the International Telecommunication Regulations.”
No positions in stocks mentioned.