Mid Day Recap: Kraft Foods, Micron Technology, Research In Motion Limited, Facebook Inc


Follow this company

Companies Mentioned

NASDAQ:KFT / NASDAQ:RIMM
10/02/2012 [ACCESSWIRE]

NEW YORK, Ocetober 02, 2012  – Beststocksdaily, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Kraft Foods, Micron Technology, Research In Motion Limited, Facebook Inc.

Kraft Foods Inc(NASDAQ:KFT)’s Cadbury unit on Monday won a lawsuit against Nestle over the use of purple coloured packaging for its Dairy Milk bars.

The world's biggest food company had filed a suit against Cadbury in December 2011 against the trademarking the purple packaging saying that the colour couldn't be trademarked.

Get Free Trend Analysis on KFT Here http://beststocksdaily.com/p2/index.php?company=KFT

The court however ruled otherwise. “The evidence clearly supports a finding that purple is distinctive of Cadbury for milk chocolate,” Judge Colin Birss wrote in rejecting Nestlé’s appeal.
He pointed out that Cadbury had been using the colour purple for its Dairy Milk bars since 1914.

Kraft Foods bought out Cadbury in 2010.

Micron Technology, Inc.(NASDAQ:MU), which makes memory chips, recently reported a loss of $243 million, or 24 cents per share, for the quarter that ended Aug. 30. That's compared with a loss of $135 million, or 14 cents per share, in the fourth quarter of last year.

Will MU Recover After The Recent Slump? Find Out Here http://beststocksdaily.com/p2/index.php?company=MU

Micron's revenue slipped to $1.96 billion from $2.14 billion. The results came in below analyst expectations, who had expected it to post a loss of 23 cents per share on revenue of $2.12 billion.

The company posted a loss of $1.03 billion, or $1.04 per share, for the full fiscal year compared with net income of $167 million, or 17 cents per share, in fiscal 2011. Its annual revenue fell to $8.23 billion from $8.79 billion.

Blackberry maker, Research In Motion Limited (USA)(NASDAQ:RIMM), would have to find a strategic investor to help it in coping with its expenditure and recover, Canadian billionaire Terry Matthews said on Tuesday.

Has RIMM Found The Turn Around Formula And Ready To Move Up? Find out Here http://beststocksdaily.com/p2/index.php?company=RIMM

Matthews, who has a track record of starting and backing numerous successful start-ups, said that partnering was an important part of the DNA of a company.

They have to have a good partner program and mutual respect,” he said. “It could make a massive difference.”

Facebook Inc(NASDAQ:FB), The social-networking site is looking for other revenue sources apart from advertising, and has launched, as a part of the alternative revenue generation plan, an application called ‘Gifts’ on the site. This is Facebook’s foray into the world of e-commerce, where it will be competing with the likes of Amazon, and e-Bay.

Will FB Continue To Move Up And Ready To Hit $25 This Week? Get Special Report Here http://beststocksdaily.com/p2/index.php?company=FB

The new application will be made public to Facebook users from Thursday onwards. Through ‘Gifts’, the users will be able to send and receive gifts from one another. These gifts will be provided by a hundred odd “Facebook Gifts” vendors. From chocolates, socks, and cupcakes to socks or a cup of coffee, there are various gifts which people will be able to send to one another through this new application. Vendors include Starbucks, New York’s famous Magnolia Bakery, and flower shops, amongst others. The shipping process too, will be uncomplicated, as the recipient will simply have to fill in his/her shipping details, and the person can also choose the kind of gifts they want, such as the flavor of coffee, or the kind of chocolates. They can even exchange their gifts for something else.

Shares of FB have risen about 8% in the past two trading sessions since Friday.

About Beststocksdaily
Beststocksdaily’s team is engaged in providing valuable and updated news information on U.S. stocks on a regular basis. Beststocksdaily’s instant stock news on Major Gainers, Hot Stocks and various other stocks, guides investors in making the wise stock market investments decision. To Get Instant updates in the inbox, readers are advised to sign up for free at Beststocksdaily.com.

Disclaimer:
The assembled information disseminated by beststocksdaily.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. beststocksdaily.com does expect that investors will buy and sell securities based on information assembled and presented in beststocksdaily.com. PLEASE always do your own due diligence, and consult your financial advisor.

Contacts:
Beststocksdaily
1419 Westwood Blvd Los Angeles, CA
90024-4911
staff@beststocksdaily.com
www.beststocksdaily.com

COMMENTS

Leave a comment...
 * 

Your Name
 *