Peter Misek News
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Japan Display Inc., which supplies liquid-crystal displays to Apple Inc., is expanding a factory that makes panels for smartphones and tablet computers as the yen’s weakness helps spur overseas demand.
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Dell Inc.’s special committee asked billionaire Carl Icahn for more information about his proposed takeover of the personal-computer maker, made last week as a challenge to founder Michael Dell’s $24.4 billion buyout.
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Jefferies Group LLC, the investment bank that Carl Icahn says may help finance his takeover bid for Dell Inc., told clients in a research report that the computer company’s investors are more likely to favor a competing offer.
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BlackBerry Chief Executive Officer Thorsten Heins said the popularity of tablet computers may wane, an indication the company may shelve a follow-up to its ill- fated PlayBook device.
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BlackBerry, the Canadian smartphone maker, climbed to its highest level in more than a month after Chief Executive Officer Thorsten Heins said he sees sales of its new Q10 device to be in the “tens of millions.”
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Apple Inc. dropped below $400 for the first time since December 2011 after one of its audio-chip suppliers, Cirrus Logic Inc., reported an inventory glut that suggests iPhone sales may fall short of analysts’ expectations.
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Apple Inc.’s slowing sales are rippling through a supplier network that has long benefited from the company’s ability to churn out iPhones and iPads.
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Apple Inc. is shifting production of iPhone and iPad displays to Sharp Corp. in Japan and may introduce a television with screens from the same partner as early as the middle of 2012, Jefferies & Co. said.
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BlackBerry, which is attempting a comeback with a new lineup of smartphones, reported a surprise profit in the fourth quarter after embarking on a cost-cutting program last year, even as sales continued to trail projections.
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Most U.S. stocks fell as the Standard & Poor’s 500 Index snapped a seven-day rally that drove the benchmark gauge to within nine points of its record high.
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