After the breathless build-up, Facebook’s fizzling stock price is drawing plenty of negative reaction this week. But compared to one alternative scenario – a big first-day “pop”, which many investors seemed to have been betting on – this is far preferable in the long run for both the company and its shareholders. Read more
It’s an unimpressive-looking black oblong, no bigger than a packet of chewing gum, but Leap Motion’s new gesture-control device, unveiled today, could change the way we interact with computers.
Imagine touch-typing or playing a piano in the air, moulding virtual clay with your hands or simply scrolling effortlessly through web pages. The Leap can handle all this by sensing finger and hand movements and translating them to a computer and its display, reducing the need for keyboard, mouse or touchscreen. Read more
By Robert Cookson in Hong Kong
A Hong Kong-based brokerage is offering free Facebook shares to all new customers in an attempt to cash in on the hype surrounding the initial public offering of the world’s biggest social network.
8 Securities, which launched in March, said customers would receive US$200 of Facebook shares simply by signing up to its online trading platform with a minimum deposit of HK$10,000 (US$1,287), a process it claimed took less than eight minutes.
However, investors hoping to flip the free Facebook shares immediately after they start trading on Friday are out of luck; 8 Securities will buy the shares on the open market in coming days and deposit them in customer accounts within 14 days. Read more
Intel told its investor day last week it would be producing 2m units a week of its latest “Ivy Bridge” processors by the end of June, but the chipmaker faces fresh competition from Tuesday’s consumer and business announcements by rivals AMD and Nvidia.
AMD launched its second-generation “Trinity” processors, touting longer battery life and lower prices than Intel’s offerings for notebooks and PCs, while Nvidia threatened to challenge Intel in the data centre and enterprise with the unveiling of its VGX graphics processing unit (GPU) platform. Read more