Author: Pathik Google Profile for Pathik
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Pathik has written and can be contacted at pathik@techie-buzz.com.
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HTC has invested $35.4 million in Magnet Systems, an enterprise apps startup, as part of its increased focus on the enterprise mobility space.

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Microsoft is producing 3 million Surface tablets in the initial run, and will price the Surface RT starting at $199, according to an IDC report.

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Google and Motorola have filed yet another patent infringement lawsuit against Apple, and are trying to get imports of iPhones, iPads and Macs banned in the U.S.

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Kodak has stated that it may not sell some or all of its digital imaging patents in the patent auction if it fails to get its desired price for the patent portfolio.

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Facebook ‘s stock has tanked nearly 6% to less than $20 as its lockup period has partially expired and the free float has expanded significantly.

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Groupon announced its earnings for Q2 2012, with revenue improving 45% to $568 million, and operating income up to $46.5 million.

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Facebook’s stock has been completely hammered in the last week, after it reported its earnings for Q2 2012, and is now trading around $20.

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LinkedIn reported its earnings for Q2 2012, with revenue jumping 89% to $228 million.

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Yelp posted its Q2 2012 earnings with revenue growing to $32.7 million, up 67% year-over-year. It also posted a net loss of around $2 million.

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Microsoft has issued a public statement urging Google and Motorola to end all patent licensing disputes with it, and agree to comprehensive and fair licensing terms covering all their patents.

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Alibaba, the Chinese e-commerce giant, is raising close to $8 billion, in order to buy back nearly 20% of its stake from Yahoo for $7.1 billion.

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Google has acquired Wildfire, a social media marketing and advertising startup, which enables brands to advertise on social platforms like Facebook, Twitter, LinkedIn, Google+, Pinterest etc.

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Box, the leading enterprise cloud storage service, has raised nearly $125 million by General Atlantic Partners, at a rumored valuation of nearly $1.2 billion.

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Android saw its market share decline 4% while iOS saw its market share jump 10% in Q2 2012, in the U.S. smartphone market.

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9GAG, one of the most popular community internet humor sites, has raised nearly $2.8 million from top Silicon Valley VCs and angels.

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