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Tech Business Roundup: China Mobile barcode scanner app,Atlas Resource Partners, L.P. Common Units representing Limited Partner Interests "When Issued"
China Mobile(NYSE:CHL) reports a 4.6 million jump in net profit, meeting fourth quarter earnings expectations. The government largely subsidizes handsets, but mobile data usage offsets this as it increases. Further, mobile growth could take off later in the year if China Mobile gets an agreement to sell the iPhone.
Don&8217;t Miss:Will Mobile Carriers Agree to Share 4G Networks?
Google&8217;s(NASDAQ:GOOG) search formula is getting a major refurbishing in the near term. Its search results will become more specific, with additional data and directs answers to queries. Websites that work through the current page-ranking results could be impacted by the change, and additional ways to present ads could result.
The announcement that Apple certifies the Socket Bluetooth Cordless Hand Scanner 7Ci barcode scanner causes shares ofSocket Mobile(NASDAQ:SCKT) to pop on Thursday.
Investing Insights:Is Google Still Searching for the Winning Formula?
Marvell Technology(NASDAQ:MRVL) is cited positively by Citigroup, who says that shares could outperform near term. Reasons given include the marked trends towards hard disk drive improvement, and China&8217;s decision to extend third generation life.
Barnes & Noble(NYSE:BKS) goes proactive as it anticipates Friday&8217;s introduction of the next iPad, by giving its Nook customers a $20 discount if barcode scanner appthey buy it with a MasterCard. Perhaps it&8217;s too late, as earlier in the week IDC presented a glum forecast for BKS&8217; market share, given shipments numbers for its tablet and e-reader.
Hot Feature:Here Are The Tricks To Getting Your Hands On An iPad This Friday.
Disney(NYSE:CIS) executives are ecstatic over its attaining the honor of having the 25 billionth download from the iTunes store, and, its Where&8217;s My Water game features the debut of a new Disney character. Add to that the possibility that a small development team could someday produce a game that could make its way to one billion people and virtually no cost, and feature a new iconic character in doing so. All this has Disney excited, but Rovio could get there as well.
eBay(NASDAQ:EBAY) shares are still laboring under a downgrade by Credit Suisse, even though PayPal introduces PayPal Here, which is a mobile payment solution that is intended to rival Square. The new product will be aimed at PayPal&8217;s customers, which number exceeds 100 million, and will leverage a -shaped dongle and mobile apps. Additionally, it comes with a debit card that gives merchants 1 percent cash-back, which potentially drops its rate to 1.7 percent.
Don&8217;t Miss:Yahoo: The Big Bad Wolf in This Story.
To contact the reporter on this story: Mark Lawson at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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