Sector Update: Tech - December 29, 2010

Published on Wed, 12/29/2010 - 09:36
By FNN Staff in General Interest, AAPL, alti, caj, aapl, advertisement, altair, alti, apple, applications, backflip, caj, canon, class action, dictionary, employee, foreign investment, lawsuit, nanotech, nasdaq, options, pandora, shareholders, stocks, technology, tracking, weather channel
aapl, advertisement, altair, alti, apple, applications, backflip, caj, canon, class action, dictionary, employee, foreign investment, lawsuit, nanotech, nasdaq, options, pandora, shareholders, stocks, technology, tracking, weather channel

Technology stocks are higher ahead of the bell with Apple Inc. (AAPL) being named in a lawsuit filed in federal court in California accusing it of enabling advertisers to track how users interact with applications. Also named in the suit, which is seeking class-action status, are Pandora, The Weather Channel, Dictionary.com and Backflip. Altair Nanotechnologies (ALTI) said shareholders have approved a deal giving Canon Inc. (CAJ) a 51% stake in the company while also approving a one-time option exchange program for employees. The transaction still requires approval by U.S. Committee on Foreign Investment.

By FNN Staff
root@fnn-online.com

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