Monday, November 25, 2013

Tech stocks: Apple up slightly after PrimeSense deal

Apple shares are up slightly in pre-market trading Monday after the company confirmed it was acquiring 3-D sensor company PrimeSense for $350 million.
PrimeSense confirmed the deal on Monday. Apple has also confirmed the acquisition, according to All Things D.
The company's technology is available in more than 24 million digital devices, most notably featured in Kinect, Microsoft's motion and voice sensor used with its Xbox video game consoles. The device lets users perform tasks with gestures or voice commands.
Meanwhile, BlackBerry shares are down more than 1% following a report that the company's chief marketing officer and COO are leaving.
According to The Globe And Mail, chief operating officer Kristian Tear and marketing chief Frank Boulben are departing, while James Yersh has been named the company's new chief financial officer.
Earlier this month, BlackBerry announced it was taking itself off the market, receiving a $1 billion investment from Fairfax Financial Holdings, the firm once reported to have reached a deal to acquire the struggling smartphone maker.
BlackBerry also announced CEO Thorsten Heins would step down. Former Sybase CEO John Chen will take his place on an interim basis.


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