With pre-IPO shares going mostly to Wall Street's top clients, advisers are seeking alternative ways to be part of the action.
By AnnaMaria Andriotis and Jonnelle Marte
Jeff Sica, a financial adviser in Morristown, N.J., for months has been hearing the same request from clients and it isn't about which muni bond looks the most promising these days. It is all about Facebook Inc., and whether regular investors can get in on its coming IPO. But so far Mr. Sica hasn't made any promises, worried that his firm may not receive a single share of the social-media giant, despite being a client of one of the deal's underwriters. "It's just not that easy to get a piece of a hot IPO," he says
Across the country, it has become Mission Impossible for countless financial advisers: trying to nab an investment in the most highly anticipated initial public offering in recent memory. But while most clients will be disappointed, financial advisers and planners are looking for ways to soften the blow with at least some indirect ways to be part of the Facebook action.
A new, more intuitive technology could soon make all kinds of surfaces, like human skin and water, responsive to complicated gestures.
Scientists at Disney Research -- yes, that Disney (DIS) -- have developed a proprietary touch-sensing technology called Touché, which could effectively give everyday objects and substances -- like doorknobs, walls, or even liquid -- advanced touchscreen controls, the basic version of which you typically find on smartphones and tablets. But Touché could give different surfaces the capacity to detect gestures way more complicated than a swipe. The invention is being presented on Monday in Austin, Texas, at the Conference on Human Factors in Computing Systems, and has already received a few highly coveted awards.
Here, a brief guide to the "mind-blowing" breakthrough.
The console will reportedly be bundled with Kinect for a price that seems too good to be true. Perhaps it is.
Is this deal as good as it sounds?
The smartphone giant's latest Android offering makes a splashy debut in London, boasting facial-recognition technology and Siri-like voice controls.
Samsung (SSNLF) took the wrapper off the latest gadget in its premiere line of smartphones last Thursday, unveiling the buzzy new Galaxy S III at a headline-grabbing London event. The device, which will be available in Europe May 23 and shortly thereafter in the U.S., is now the Korean manufacturer's flagship handheld. The phone comes equipped with expected spec bumps like a new quad-core processor, an 8-megapixel rear camera and a high-contrast AMOLED screen.
Here, five things you should know about the new device:
The Korean electronics giant, which sold 44.5 million smartphones in the first quarter, is a formidable foe.
By Stephen D. Simpson
For as much attention that centers on Apple (AAPL), a curious detail happens to be true of the first quarter -- Korean electronics giant Samsung actually sold more smartphones and sits in the catbird seat in the global cell phone market. Does this mean the end is in sight for Apple's special relationship with Wall Street, and how should investors react to this market reality?
Samsung rises to the top
For the first quarter of 2012, Samsung was the top mobile phone company in the world -- knocking long-suffering Nokia (NOK) from the global number one position, but also unseating Apple as the top vendor of smartphones. Although this is not the first time that Samsung has outsold Apple, it is the first time that the margin of such sales (44.5 million versus 35.1 million) was substantial.
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[BRIEFING.COM] The S&P 500 ended this week with a bang, roaring to a new all-time high on the back of stronger-than-expected economic data, influential leadership, and an ongoing appreciation for the Fed's monetary policy support.
The bullish bias was evident in premarket action as the S&P futures pointed to a higher start without the benefit of any definitive news catalyst. Stocks indeed benefited from a blast of buying interest at the opening bell on this ... More
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