Technology Sector Active Runners: Facebook Inc (NASDAQ:FB), Zynga Inc (NASDAQ:ZNGA), Hewlett-Packard Company (NYSE:HPQ), Nokia Corporation (ADR) (NYSE:NOK)

Technology Stocks News 10

Hidden away in Building 17 of Facebook Inc (NASDAQ:FB)’s headquarters is a 170-person team that’s toiling away on products not usually associated with a social-networking company: hardware. Up from just seven people in 2010, the team designs, manufactures and supplies the powerful server computers that handle Internet traffic for the Menlo Park, California-based company. The group has produced hundreds of thousands of the machines, with Facebook Inc (NASDAQ:FB) last year spending Facebook Inc (NASDAQ:FB) $1.36 billion on its own data centers, compared with $606 million in 2011. Facebook Inc (NASDAQ:FB) stock performance was -5.21% in last session and finished the day at $59.16. Traded volume was 114.99million shares in the last session and the average volume of the stock remained 63.01million shares. Facebook Inc (NASDAQ:FB) insider ownership is 0.50%.

Zynga Inc. (NASDAQ:ZNGA) hired a Best Buy Co. (BBY) executive for the role of chief financial officer, adding to a management shakeup as Don Mattrick seeks to turn around the struggling social games developer by focusing on mobile titles. Zynga Inc (NASDAQ:ZNGA) dropped -6.86 percent to $4.07 Thursday on volume of 32.79million shares. The intra-day range of the stock was $4.05 to $4.40. Zynga Inc (NASDAQ:ZNGA) has a market capitalization of $3.57billion.

United States (US)-based information technology firm Hewlett Packard Company (NYSE:HPQ) has agreed to pay US$108 million after admitting to bribing foreign officials to secure contracts overseas. Hewlett-Packard Company (NYSE:HPQ)’s stock on Apr 10, 2014 reported a increase of 0.24% to the closing price of $32.80. Its fifty two weeks range is $19.07 -$33.90. The total market capitalization recorded $62.29billion. The overall volume in the last trading session was 25.62million shares. In its share capital, HPQ has 1.90billion outstanding shares.

Finland’s Nokia Corporation (ADR) (NYSE:NOK) announced on Tuesday that it had secured clearance from Chinese competition authorities for the selling off its mobile phone business to Microsoft Corporation (NASDAQ:MSFT). On Thursday, shares of Nokia Corporation (ADR) (NYSE:NOK) dropped -2.18% to close the day at $7.64. Company return on investment (ROI) is -25.30% and its monthly performance is recorded as -1.42%. Nokia Corporation (ADR) (NYSE:NOK) quarterly revenue growth is -5.09%.

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