Japan Display Said to Plan IPO With Government Fund Control (Businessweek)
Japan Display Inc., which supplies liquid-crystal displays to Apple Inc. (NASDAQ:AAPL), plans to raise as much as 200 billion yen ($2 billion) in an initial public offering with a government fund to maintain control after the IPO, according to a person with direct knowledge of discussions. Government-backed Innovation Network Corp. of Japan will retain more than a third of the company which will have a market value of as much as 800 billion yen, the person said, asking to not be identified as the matter is private.
Google Jet Fleet Loses a Pentagon Fuel Perk (WSJ)
Google Inc (NASDAQ:GOOG) founders Larry Page and Sergey Brin may have to dig deeper to operate their fleet of private jets, after the U.S. Department of Defense ended a little-known arrangement that for years allowed the tech billionaires to travel on sharply discounted jet fuel bought from the Pentagon. The agreement between the Google founders and the government, which started in 2007, ended Aug. 31 after officials at the National Aeronautics and Space Administration—which sponsored the arrangement—opted not to renew it, according to a Pentagon spokeswoman.
Microsoft’s iPad Trade-In Offers $200 Discount on Surface (IBTimes)
Software giant Microsoft Corporation (NASDAQ:MSFT) is offering $200 discount on Surface tablet and laptop to consumers who will trade their old iPads. iPad users can bring their used iPad 2, 3, or 4 and get a minimum of a $200 gift card to the Microsoft store, which they can use in buying a new Microsoft Surface tablet and laptop. Traders can purchase the Surface RT which costs $349or Surface Pro $799. To be eligible for the trade-in, iPads should include power cord, if available, and device is not password protected.
Fingerprint-Reading IPhone Seen as Protection Against NSA Spying (BusinessWeek)
Apple Inc. (NASDAQ:AAPL)’s use of fingerprint scanning in its new iPhone models could lead more device makers to adopt the authentication method as a successor to passwords – – and that’s fine with privacy advocates. The introduction coincides with the rise of cybercrime and revelations that the U.S. National Security Agency has intercepted Internet communications and cracked encryption codes on devices including the iPhone.
Google Inc. (GOOG) Leads US Search Market With 66.9% Share In August [REPORT] (DazeInfo)
Google Inc (NASDAQ:GOOG) has maintained its unparalleled lead in US online search market. In August, out of 19.1 billion explicit search queries, Google Sites ranked first with 12.7 billion, according to ComScore August report. Microsoft Corporation (NASDAQ:MSFT) Sites maintained the second position with 3.4 billion – just 30% of Google Sites. This clearly depicts how Google Sites are dominating over US search market in absence of any immediate competition.