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
Black Friday 2011 will not only provide better deals, but retail stores like Walmart will be opening earlier than usual.
Walmart will start opening their stores at 10 p.m. on Thursday, November 24, 2011 ahead of the midnight openings of Target, Best Buy, Macy’s and Kohl’s.
Walmart doorbuster deals include toys, clothes and home accessories with up to 75 percent discount. Barbies items previously worth $19 is now down at $5, jeans are now below $10, pajamas sets for kids are now at $4.47 and Black & Decker Coffeemaker can be bought at $9.44.
Midnight will be the start of Walmart’s electronics discounts that include Samsung 51-inch plasma TV at $498 from original price of $649, 14 megapixel Kodak camera at $49.
Walmart has given a preview of their Black Friday 2011 sales to customers who sign up at Walmart.com or Facebook.com/Walmart.
A published report by IBISWorld said that Black Friday sales in 2010 has reached $11.8 billion. Financial analysts are expecting an increase of at least 1.2 percent or a little less than $12 billion.
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.
iOS 5 users encountered Error 3200 or Internal Error while updating their Apple devices during initial release date on Wednesday, October 12, 2011. How to fix iOS 5 Error 3200 or Internal Error during iOS 5 update process?
The iOS 5 Error 3200 halts the updating process of the new mobile operating system.
Solution guide to the iOS 5 update problem was provided at the Apple Support Update website.
To fix the iOS 5 Error 3200, Apple device users need to ensure that they have the latest update of iTunes which is now at version 10.5. If iTunes is installed in a Mac OS X Lion, the operating system must be upgraded to version 10.7.2 Build 11C74. The Lion Recovery Update version 1.0 must be installed before proceeding to the iOS 5 upgrade.
If you have encountered iOS 5 Error 3200 or iOS 5 Internal Error during the update process and was able to come up with a different solution, please share your experience by filling out the comment form below this article.