Investors reacted negatively to the Technology stocks on Friday and mark the solo flight in the red territory. Key movement were observed in Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD) and EMCORE Corporation (NASDAQ:EMKR) on percentage decliners side while Trina Solar Limited (ADR) (NYSE:TSL) was major percentage gainers.
Apple Inc (NASDAQ:AAPL), world’s biggest valuable company, and Google Inc (NASDAQ:GOOG), world’s biggest search engine giant, have joined forces to offer over $500 million to acquire Eastman Kodak Co’s patents out of bankruptcy, according to two persons with knowledge about the issue.
The people, who refused to be identified as the process is private, stated that both companies, rival for dominance of the Smartphone market, have partnered after leading 2 separate consortia current summer to acquire Kodak’s 1,100 imaging patents.
Apple Inc.’s YTD performance was recorded as 32.83% while its market capitalization was $501.62 billion. The company has P/B ratio of 4.24 while P/E ratio was booked as 12.08. Institutional ownership owns 66.88% shares of the company while beta factor, which is used to measure riskiness of the security, was 1.21. Net profit margin of the company was 26.67% while its gross profit margin was 43.87%.
Google Inc has market capitalization of $224.83 billion. Its current ratio was 3.94 while its shares were lagging behind SMA50 with -2.53. The company offered earnings per share of 31.92 while its 328.59 million shares were outstanding. YTD performance of the stock was 5.93%.
Microsoft Corporation (NASDAQ:MSFT) has the market capitalization of $222.66 billion. The company’s EPS was 1.85 while its 8.42 billion shares were outstanding. Its institutional ownership was 67.42%. Shares of the company were moving behind of SMA50 with -6.41% while its YTD performance was 4.77%.