NEW YORK, October 05, 2012 - Beststocksdaily, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on The top tech companies including Facebook Inc, Apple Inc, Vringo Inc
After the furore created about Facebook Inc(NASDAQ:FB) publicly displaying users' private messages, the general consensus is that the social networking site is not leaking these personal posts to the timeline visible to all. But some users are still not convinced. Facebook is conducting its own investigations.
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Facebook said in a statement that "a number of users have raised concerns about what they believe to be private messages appearing on their timeline," and that its "investigations have shown them to be public wall posts that were always visible."
Of course, Facebook like any other company, could be lying that there has been no breach of privacy, but then the Australian Privacy Commissioner, who is also studying the matter has issued a statement, saying that "at this time we have not found or received evidence that private messages have been published", and "if individuals believe that they have evidence that demonstrates that private messages are appearing on their Timeline they should provide this to Facebook and ask them to explain why this has occurred."
Similarly, the French, Canadian and New Zealand Commissioners have not found any case of privacy breach. And they would know, since they are the ones issuing warnings all the time about the perils of placing personal information on the Internet.
But Facebook would do well to use this opportunity to educate all users about the site's privacy settings, and thereby get more people to trust the social network which has one billion monthly active users.
Apple Inc.(NASDAQ:AAPL)'s online store is closed, and nobody seems to know why. Usually the 'closed' message appears on the eve of a product launch. Although, there is news about the launch of the iPad Mini, this would surely not happen without an announced event. The new iPhone was just launched. So probably a new version of the Mac is in the offing. We will soon know.
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Shares of Vringo, Inc.(AMEX:VRNG) gapped down this morning and fell 13% in the opening session. However, today's retreat shouldn't be surprised as the stock had soared all the way from $3.11 to $5.55 (all time high), a gain 78% in tow trading sessions. The latest rally was driven as a Judge completely denied Google Inc(NASDAQ:GOOG)'s request to issue any summary about then onoing patent, which is estimate to be valued at $700 million.
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The company this morning announced that it has entered into subscription agreements for the sale of 10,344,998 shares of its common stock in a registered direct offering at a price of $4.35 per share, for gross proceeds of approximately $45 million.
In a global patent war taking place, Vringo Inc (VRNG) received four out of six positive construction Markman rulings in its cases against tech giants' viz. a viz. Aol (AOL), Google (GOOG), and Target Corp (TGT). The company won these four patents in June 2012.
However, in the present scenario, Google Inc. was over-ruled of its request for a summary judgement by the judge in the court room today. The judge further pronounced an order wherein all the parties should make a conscious effort for a mutual settlement in front of the United States magistrate, Judge Lawrence R. Leonard at 10:30am, Tuesday October 9, 2012. The parties are expected to meet on October 5th also with relevance to some other talks.
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