Technology Sector News Buzz: Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL) – FB, AAPL, YHOO

Wednesday’s trading session data confirmed that Technology sector was second major percentage decliner with -2.37% change. Cirrus Logic, Inc (NASDAQ:CRUS) and MoSys Inc (NASDAQ:MOSY) were major percentage delinked in this sector while key percentage gainer was WNS (Holdings) Limited (ADR) (NYSE:WNS).

Facebook Inc (NASDAQ:FB) has picked another member of Apple Inc’s (NASDAQ:AAPL) original iPhone team, appointing Richard Williamson, a person with knowledge about the appointment said.

Two persons, who refused to be identified, stated that Williamson joined Facebook in the previous couple of weeks to be a manager within its expanding mobile-software group.

Facebook Inc (NASDAQ:FB)’s YTD performance was recorded as +0.02% while its market capitalization was $63.42 billion. The company has P/B ratio of 5.38 while P/E ratio was booked as 2662.20. Institutional ownership owns 47.92% shares of the company while beta factor, Net profit margin of the company was 1.04% while its gross profit margin was +73.20%.

Apple Inc’s (NASDAQ:AAPL) stock tumbled lower than $400 for first time since December 2011 after one of its audio-chip suppliers, Cirrus Logic, Inc (NASDAQ:CRUS) announced an inventory glut that shows iPhone sales may tumble short of analysts’ forecasts.

Shares of Apple’s moved down 5.5% to $402.80 in New York and earlier touched $398.11.

Apple Inc. (NASDAQ:AAPL) has market capitalization of $378.25 billion. Its current ratio was 1.54 while its shares were looking behind SMA50 with -9.26%. The company offered earnings per share of 44.10 while its 939.06 million shares were outstanding. YTD performance of the stock was -23.87%.

Yahoo! Inc. (NASDAQ:YHOO) has the market capitalization of $26.43 billion. The company’s EPS was 3.41 while its 1.12 billion shares were outstanding. Its institutional ownership was 75.82%. Shares of the company were moving ahead of SMA50 with +6.41% while its YTD performance was +19.10%.

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