Must Know News: QUALCOMM, Facebook Inc, Netflix, Yahoo! Inc


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NASDAQ:QCOM / NASDAQ:YHOO / NASDAQ:NFLX / CNSX:FB
06/25/2014 [ACCESSWIRE]

NEW YORK / ACCESSWIRE / June 25, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for : QUALCOMM, Facebook Inc, Netflix, Yahoo! Inc.

QUALCOMM, Inc.(NASDAQ:QCOM)’s shares fell 0.82% to $78.78. The company on June 11 announced that its subsidiary, Qualcomm Technologies, Inc., CH2M HILL and the City of Cincinnati have been collaborating with the intent to develop sustainable connectivity solutions leveraging machine to machine (M2M) cellular technologies that will help water utilities improve water quality, receive reliable information and manage water resources in the city of Cincinnati.  Providing a safe, reliable water supply is one of the critical drivers of health and economic success and according to the Environmental Protection Agency. Global water consumption has tripled in the past 50 years creating one of the most critical natural resources constraints in the world.

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Yahoo! Inc.(NASDAQ:YHOO)’s shares declined 0.48% to $33.48. The company’s Annual Meeting of Shareholders will be held on Wednesday, June 25, 2014, at 8 a.m. PT / 11 a.m. ET, at the Santa Clara Marriott Hotel, 2700 Mission College Boulevard, Santa Clara, CA 95054.

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Additionally, Yahoo has joined LinkedIn and Google in giving some details of the demographics of its employees. Women make up 32% of Yahoo’s global workforce, according to figures the Sunnyvale-based Internet firm disclosed on June 17. And when it comes to Yahoo’s technical workforce, women make up 15%, lower than Google’s 17%, and they hold 23% of the company’s leadership positions. Yahoo’s U.S. workforce is 50% white and 39% Asian. Asians dominate Yahoo’s technical workforce at 57%, compared to 35% white.

Netflix, Inc. (NASDAQ:NFLX)’s shares declined 0.72% to $436.36. Chelsea Handler will join together with Netflix (NFLX) to create an all-new talk show for the world's leading Internet TV Network. Beginning in early 2016, the show will debut simultaneously in all Netflix territories for members to enjoy however and whenever they like. The new talk show will feature an updated format that still encompasses Chelsea's unfiltered opinions on topical entertainment and cultural issues, as well as her signature guest interviews.

But first, on October 10 , Netflix will premiere Handler's first one hour stand-up comedy performance based on her sold-out tour, "Uganda Be Kidding Me" Live. She will be taping the special in Chicago on Friday June 20 th at the Harris Theater.

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Additionally, In a note released on June 17, Morgan Stanley analyst Benjamin Swinburne assumed coverage of Netflix (NASDAQ: NFLX) with an Overweight rating and a $500 price target. Looking at the company's US business, Swinburne said he is "bullish on the US" and noted Netflix has "solid visibility" on the expectations of its margin expansion over the coming years.

Facebook Inc (NASDAQ:FB)’s shares gained 0.54% to $65.72. Facebook suffered its longest and largest outage in years on June 19, disconnecting millions of users around the globe. Due to a technical failure, users were unable to access their accounts for about a half-hour starting at 4 a.m. ET. Facebook says it restored service in less than 30 minutes, but not before triggering widespread panic among Facebook users.

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Additionally, Facebook infringed on patents held by a Dutch computer programmer who tried to launch a similar site called "Surfbook" more than a decade ago, according to a lawsuit heard by a federal jury on June 11. The civil trial was underway in U.S. District Court in Alexandria, where social media giant Facebook is being sued by a holding company called Rembrandt Social Media.

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SOURCE: Market Buzz Report  

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