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Tech News: Samsung Is Looking Up While Zynga Is Lowering Expectations

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Plus, is the iPhone 5's performance disappointing Apple's investors?

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This column highlights the most interesting and useful tech commentary from around the Web each day.

TechCrunch
Link: Samsung Expects Another Record Quarter: $7.3 Billion Profit, Fuelled By Its Galaxy Smartphones
"Samsung (PINK:SSNLF) is reporting a record quarterly profit of $7.3 billion in earnings guidance ahead of its full Q3 report. Reuters notes the figure is nearly double the amount of profit the Korean electronics giant made in Q3 2011, bolstered by strong sales of its Galaxy range of smartphones and high end TVs.

"Samsung also continues to be a key component provider for Apple but, with DRAM chip prices declining, its mobile division is doing the heavy lifting - accounting for around two-thirds of its total profit in Q3, according to the Reuters report."

ReadWriteWeb
Link: Why Meg Whitman's Plan To Rescue HP Won't Work
"Hewlett-Packard (NYSE:HPQ) has proven yet again that just when you think it has hit absolute rock bottom, HP will prove you too optimistic. On Wednesday, HP stock sank to its lowest price in 10 years after telling investors that profits for the next fiscal year would limp in far below Wall Street expectations. CEO Meg Whitman is counting on innovation to rescue her giant company, but what the heck does that mean?"

GigaOm
Link: Zynga Continues to Struggle, Lowers Outlook as OMGPOP Fizzles
"Zynga (NASDAQ:ZNGA) continues to seriously struggle, as the company announced Thursday preliminary results for the third financial quarter and lowered expectations in general for the rest of the calendar year, signaling tough times ahead for the social gaming company. CEO Mark Pincus explained that both subpar results on existing games and delays in upcoming products have hit the company hard, and they're having to underwrite losses taken on the acquisition of OMGPOP."

VentureBeat
Link: Microsoft, Barnes & Noble close Partnership Deal to Create Nook Media Spin-Off
"The Microsoft (NASDAQ:MSFT)-Barnes & Noble (NYSE:BKS) partnership has an official name: Nook Media. Initially announced in April, the partnership comes with a $300 million investment from Microsoft, which will take a 17.6 percent ownership of the company."

"For Microsoft, the deal will also result in a dedicated Nook app for Windows 8, which Barnes & Noble CEO William Lynch says is prepped for an 'imminent launch.'"

Bits
Link: Google Says Motorola Cuts Will Cost More Than Expected
"Google (NASDAQ:GOOG) will cut deeper and spend more money on cuts than it originally expected as it restructures Motorola Mobility (NYSE:MMI), the ailing cellphone maker it bought for $12.5 billion.

"Google will spend $300 million on severance and other charges related to layoffs, the company said in a filing with the Securities and Exchange Commission on Thursday, an increase of $25 million from the $275 million that Google originally said layoffs would cost. But it does not plan to lay off more people than the 4,000 employees it originally announced."

ValueWalk
Link: Apple Inc's Stumble Leaves Market Betting The Other Way
"Puts on Apple Inc. (NASDAQ:AAPL) stock that pay out should the fail have reached a ten month price high according to Businessweek. The company has been fighting off criticism since the launch of its iPhone 5 smart phone. The new operating system released with the phone contained mapping software with several flaws."
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