Tech News – December 16

ZNGA sold 100 million shares at $10 a share last night. It starts trading today on the NASDAQ.

RIMM delivered another stinker of an earnings report. The big problem was guidance, and the future of the company. The new BlackBerrys that are supposed to save the company won’t be out until the end of 2012.

RIMM‘s CEOs are also lowering their base salary to a dollar as a way of sharing the pain with investors.

Wall Street is “throwing in the towel” on YHOO: It’s downgrading the stock and it thinks YHOO will blow its deal.

CRM acquired a startup that Facebook uses to evaluate its employees.

YHOO and MSFT are tied in search share now.

APPL‘s A5 chip is reportedly made by SSNLF.PK in Texas.

Facebook’s revenue leaked and it’s underwhelming, the company is not hitting its targets.

APPL is reportedly working on a smaller iPad for the end of 2012.


***Reminder: never chase stocks that gap at the open and always protect your profits!

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