Image Credit: Facebook
Facebook IPO on Friday, May 18, 2012 will offer Facebook stock at $38 per share to its clients.
The Facebook IPO will raise $16 billion for the social networking giant and will be the largest technology IPO ever.
A Thomson Reuters rankings indicates that Friday’s Facebook IPO will be the third largest IPO in the US, next to the $19.7 billion Visa IPO (V, Fortune 500) in March 2008 and the $18.1 billion of General Motors (GM, Fortune 500) in November 2010.
There are still a few more steps before Facebook’s shares are ready to trade. The company is waiting for the Securities and Exchange Commission to declare its IPO effective — the formal green light Facebook and its underwriters need before they can sell shares to outside buyers.
The $38 IPO price is the rate at which Facebook’s underwriters (including lead banker Morgan Stanley) will sell shares to their clients, which typically include large institutional investors, mutual funds and hedge funds.
Shares will be released Thursday night to those buyers, who can resell them on the open market beginning on Friday.
Some shares were made available to individual investors, but getting them typically requires either a lot of money or a lot of trading experience. It also required moving fast. Many brokerages offering pieces of Facebook’s IPO allotment “closed their books” on Tuesday, meaning they stopped taking orders.
Novo7, a $99 tablet computer, is reportedly the world’s first Android 4.0 Ice Cream Sandwich (ICS) tablet, as claimed by Chinese manufacturer MIPS technology.
The new Android tablet computer is expected to be released soon in the US. To provide everyone an overview of the latest Android product, below is the complete specifications of NOVO7.
- 1GHz single-core CPU
- 444 MHz GPU (unknown brand)
- capacitive touchscreen (other cheap tablet models uses resistive screens)
- supports all kinds of video formats up to 1080p resolution
- battery life of up to 6 hours during game play, 8 hours during video playback and 7 hours of browsing
- 2 megapixel front and back camera
Nokia Lumia 710 and Nokia Lumia 800 Microsoft Windows smartphones were announced on Wednesday by the Finland-based company Chief Executive Stephen Elop at a London gathering.
The new Lumia smartphones has a minimalist design with superior navigation features according to Elop.
Lumia 800 is designed with vivid colors, curved edge, black display, and features Windows Phone’s live icons on the home screen. The Lumia 800 model, on sale starting at $584, can automatically update news, weather and Facebook feeds.
Specifications of Nokia Lumia 800
- 3.7 ” Display size
- 8 megapixels Primary camera sensor size
- 142 g Weight
- 9.5 h Maximum 3G talk time
- 335 h Maximum 3G standby time
- 55 h Maximum music playback time
- 7 h Maximum video playback time
MacBook Pro 2011 models by Apple Inc. was recently upgraded with faster processor and more storage capacity, as reported by international tech sites on Tuesday, October 25, 2011. MacBook Pro review suggests that its the right time to grab one.
Apple‘s 13″ MacBook Pro model is now powered by a 2.4GHz dual-core chip standard processor and 500GB HDD. The 13″ MacBook Pro is now on sale for $1199. An upgrade to a 2.8GHz chip and 750GB hard drive will cost $1499.
The 15″ MacBook Pro model was beefed up with a 2.2GHz quad-core i7 processor and 500GB hard drive that sells for $1799. Upgrading the processor to 2.4GHz and 750GB of storage will increase the price to $2199.
The AMD powered 17″ MacBook Pro now has a 2.4GHz quad-core Intel Core i7 and 750GB hard drive has a tag price of $2499.
The 15″ and 17″ models were both upgraded to an AMD graphics.
Apple MacBook Pro 2011 has an upgraded graphics, processor and storage
Image Credit: Apple.com
All MacBook Pro models are powered by the latest Apple operating system, OS X Lion. According to Apple, OS X Lion has over 250 new features that include Multi-Touch gestures, Mission Control, full-screen apps, and Launchpad. Thunderbolt technology and FaceTime HD camera is also available in all MacBook Pro units.
The number of iPhone users of China Mobile, world’s largest mobile carrier based on the number of subscribers, has now reached 10 million, according to an announcement by its company Chairman on Monday, October 25, 2011.
The popularity of iPhone has grown significantly over the years since the release of the original iPhone in June 29, 2007 up to the iPhone 4S that features the latest mobile operating system iOS 5.
Wang Jianzhou, China Mobile Chairman, also revealed that they are discussing with Apple the details of making iPhone compatible with China Mobile‘s TD-LTE standard.
Several meetings by China Mobile with Steve Jobs, Apple Inc.‘s co-founder and former CEO, were made previously to discuss the introduction of an iPhone based on its own local network standard.
China Mobile is developing its next-generation TD-LTE mobile network technology and will be out for commercial trials next year in selected cities.
At the end of September, China Mobile increased its subscribers based to over 630 million, most of which are low-end users who only make calls and send text messages.