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

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

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.

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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.

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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.

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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.

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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.

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