Netflix to join the Nasdaq-100 index next week

NEW YORK (AP) — Netflix will join the Nasdaq 100 index next month.

The Los Gatos, Calif., company will replace Perrigo Co., a maker of over-the-counter drugs. Perrigo announced last week that it is transferring its stock listing to the New York Stock Exchange from the Nasdaq.

Netflix said that in addition to the Nasdaq 100, it will join the Nasdaq 100 Equal Weighted Index and the Nasdaq 100 Ex-Technology Sector Index before the market opens Thursday.

Shares of Netflix Inc. stock added 34 cents to $223 in premarket trading on Friday. Its shares have more than doubled in value so far this year and a move to the Nasdaq 100 probably won’t hurt, either, with some investment funds requiring a percentage of capital be placed there.

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Samsung unveils Galaxy S4 mini phone to target mid-tier market

SEOUL (Reuters) – Samsung Electronics Co unveiled a stripped down version of its flagship Galaxy S4 smartphone on Thursday, aiming to grab a bigger share in the mid-tier segment as growth in the high-end market slows.

The Galaxy S4 mini, which follows the debut of the S4 just a month ago, will have a 4.3-inch screen – still bigger than Apple Inc’s 4-inch iPhone 5 – and a 8-mega pixel rear-facing camera.

By comparison, the original S4, which hit the 10 million-sale mark last week to become Samsung’s fastest selling smartphone, has a bigger 5-inch full high-definition screen and a 13-mega pixel camera.

Samsung did not announce a price for the phone or give a launch date, but the market estimates the smaller type will be priced at around $350.

The launch comes ahead of the widely speculated low-priced iPhone later this year and as Samsung, the world’s top smartphone maker, looks to widen its lead with products spanning both the high and cheap-and-cheerful ends of the market.

Samsung is also expected to unveil more varieties of the S4 in the upcoming mobile event in London next month including a model with optical camera zoom functionality as well as a phone with water-proof features.

(Reporting by Miyoung Kim; Editing by Jeremy Laurence) Read story

Apple chief sees computers on wrists, not in glasses

Apple CEO Tim Cook. Photo: AP

Apple chief Tim Cook says he sees promise in computers shrunk down and worn like watches or other accessories, but drew the line at internet-linked eyewear such as Google Glass.

Google Glass is “not likely to be a mass market item” but Apple is “incredibly interested” in the broader area of wearable computing, Cook said on Tuesday in an on-stage interview at an AllThingsD conference in California.

He predicted there will be “tonnes of companies playing” in the wearable computing sector but sidestepped a question as to whether Apple would be among them with the creation of a rumoured “iWatch” device to be worn on the wrist.

“I don’t know a lot of people that wear [glasses] that don’t have to,” a bespectacled Cook said in a sideways shot at Google Glass.

“The wrist is interesting,” he continued in comments live-blogged by AllThingsD. “You still have to convince people it is worth wearing. Most young people don’t wear a watch.”

Google Glass was a common sight early this month as software savants shared visions of games, weather reports, news and more delivered to the internet-linked eyewear at a San Francisco developers conference.

Many developers attending an annual Google I/O event sported Glass as part of an “explorer” program to tinker with creative applications for the eyewear, which cost $US1500 a unit.

Glass connects to the internet using Wi-Fi hot spots or, more typically, by being wirelessly tethered to mobile phones. Pictures or video are shared through the Google Plus social network.

Google executive chairman Eric Schmidt said recently that it will take “a while” before consumer versions of Glass are available.

Cook rejected the notion that Apple has lost its cool factor and said he was not worried about pressure from competitors such as Samsung, which has seized the crown as the world’s top smartphone maker.

“Absolutely not,” Cook coolly replied when asked whether the California company was in trouble. “We’ve always had competent rivals. We’ve always suited up and fought.”

He noted that Apple sold 85 million iPhones and 42 million iPads in the last fiscal quarter and that devices powered by the company’s iOS software account for about 59 per cent of mobile internet traffic.

Cook said that Apple has quietly acquired nine companies so far this year and more take-overs could be on the horizon.

The slide in Apple share price “has been frustrating”, according to Cook. Apple shares, which topped $US700 in September, were at $US440 in after hours trading on Tuesday.

Cook contended that Apple has “several more game-changers” in it but declined to give details. He said the company was still committed to its Apple TV set-top boxes for streaming online content to big screens.

Apple has sold 13 million Apple TV devices, about half of those in the past year, according to Cook.

He said he saw it as “an opportunity” to be questioned this week by US lawmakers probing whether Apple used gimmicks to avoid taxes.

“We pay more taxes than anybody,” Cook said, maintaining that the US corporate tax code should be ‘gutted’ and simplified.

He defended Apple’s frequent use of patent lawsuits against smartphone and tablet rivals, saying it was a matter of “values”.

Cook also said that Apple rejected a settlement in an e-book price-fixing case heading to US federal court because it called for the California company to sign an admission of wrongdoing in the matter.

“We didn’t do anything wrong there,” Cook said. “We’re going to fight.”


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SAMY, The Award Winning Shopping Application, Now Available on Google Play

SARASOTA, Fla., May 29, 2013 (GLOBE NEWSWIRE) — via PRWEB – MobileBits (MBIT) announced today that SAMY‚Ą†, fresh off its top 3 finish at CTIA 2013’s E-Tech Awards for best shopping and commerce app, is now available for Android-powered devices including the HTC One, Samsung Galaxy, Motorola Droid and LG smartphones for free at the Google Play store.

SAMY is a complete mobile marketing and engagement solution for retailers and merchants to help acquire and engage new customers and increase loyalty. The SAMY network has already facilitated millions of merchant-to-consumer interactions at thousands of participating locations from leading brands including McDonald’s, Extreme Brands and Chairman’s Brands among others. SAMY also provides its shopping center partners, like the recently announced strategic agreement with DDR, a brand awareness strategy, while at the same time offering merchant tenants an out-of-the box mobile marketing and engagement platform to help connect with local consumers and drive more sales at the brick and mortar stores.

With the addition of Android support to the existing SAMY iPhone app, retailers and brands now have the opportunity to connect to 91% of the smartphone market.

To learn how SAMY can help your business, visit To download SAMY on your Android device, visit the Google Play store here.

About MobileBits(TM)
MobileBits, provider of SAMY, the fast growing ‘Mobile Mall’ that provides any merchant, retailer or brand with an out-of-the box, ready to deploy mobile commerce platform to connect with consumers in their local area and help increase sales in the physical store. The solution provides businesses a complete set of tools to connect with, create and manage mobile campaigns, deals, offers, commerce, loyalty and rewards to a subscribed mobile consumer. For more information, visit or

For more information contact:


Brian Ehrlich

MobileBits Corp.

T: 941.225.6103


Investor Contact:

MBC Investor Relations


This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit

MobileBits Corporation
Brian Ehrlich

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