Twitter Plans Stock Market Listing
“We’ve confidentially submitted an S-1 to the SEC for a planned [initial public offering]” tweeted Twitter, the social networking site.
Twitter plans to join the stock market makes it one of the most eagerly anticipated floatation since Facebook’s last year.
New iPhones Generate Lukewarm Response
Apple shares fell $26.93 or 5.4 percent at $467.71 amidst the unveiling of its new product line, iPhone 5S and 5C.
The price points vary for the 5S and is set accordingly, 16 GB is for $199, the 32 GB for $299, and 64 GB for $399.
On the other hand, the 5C features a range of colors and weighs in at a price range between $99 for the 16 GB, and $199 for 32 GB.
Analysts view the basic 5C model as too expensive for the emerging markets.
“The pricing on the iPhone 5C is simply not low enough to adequately address the significant global growth opportunity that we believe exists with subsidized prepaid customers that have not yet bought a smartphone,” one analyst reportedly said.
Dell Shareholders Approves Founder’s Buyout
After 25 years as a public company, Dell is slated to become a private enterprise once again.
According to a preliminary count, shareholders in the firm have approved a $24.9bn buyout offer by Michael Dell and Silver Lake Partners.
This comes after an initial resistance from investors over the purchase price of the buyout.
“I am pleased with this outcome,” said Michael Dell.
He also added in a statement, “As a private enterprise, with a strong private-equity partner, we’ll serve our customers with a single-minded purpose and drive the innovations that will help them achieve their goals.”