Tech Stocks: Apple Inc. (NASDAQ:AAPL) Jumps On Court Ruling -UIS, AAPL, NOK, NTAP, GLUU
Tech Stocks rallied on Wednesday as the broader market jumped with the DOW rose 80 points by mid day. Apple Inc. (NASDAQ:AAPL) is showing positive movement as , U.S. District Judge Lucy Koh issued a preliminary injunction on Samsung related to banning then company’s launch of Galaxy Tab 10.1 touchscreen tablet in the U.S
Unisys Corporation (NYSE:UIS) shares climbed 7.80% to $16.99 in the early hour after the company announced a new suite of cloud-based IT Service Management (ITSM) solutions. These new additions to Unisys ITSM offerings are intended to help clients quickly implement an ITIL-based system that improves delivery of IT support services to end users, simplifies service operations and helps reduce capital and operating costs.
Nokia Corporation (ADR) (NYSE:NOK) shares gained % to $ in the early hour after the company’s Chief Executive Stephen Elop rejected rumours that the company’s software partner Microsoft Corp. is planning to manufacture its own smartphone.
Apple Inc. (NASDAQ:AAPL) shares gained 0.64% to $575.66 in the morning hour. On Tuesday, U.S. District Judge Lucy Koh issued a preliminary injunction on Samsung related to banning then company’s launch of Galaxy Tab 10.1 touchscreen tablet in the U.S, pending further review.. The ruling came after Apple Inc accused Samsung of copying the company’s design which describes the front, back and sides of the iPad. Both the companies have been under legal battle over the past few weeks, wherein Apple had been looking to block making or selling the tablet in the U.S. by Samsung. Apple and Samsung have been locked in legal battles across the globe since Apple sued Samsung in April last year. Apple has won similar injunctions in other jurisdictions, most notably in Australia and Germany, forcing Samsung to redesign its device for those markets.
NetApp Inc. (NASDAQ:NTAP) stock increased 0.28% to $29.74 in the early hour. The company provided a financial model for the next few fiscal years largely in line with its historical performance, but the company declined to update its guidance for the current period or year amid an uncertain economy. Chief Financial Officer Nick Noviello, said NetApp’s revenue is expected to grow at a rate double that of the broader storage market for fiscal 2013 to 2015, likely putting growth in the mid-teens. The company’s long-term goals assumed revenue growth of 15% or greater.
Glu Mobile Inc. (NASDAQ:GLUU) stock climbed 6.60% to $5.41 in the morning hour on no official news. The 52 week trading range for the company is $1.80 – $6.10. The shares of the company gained over 20% in the last one year. The company designs, markets and sells mobile games.