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Los Angelas, CA -- (SBWIRE) -- 10/24/2012 -- Facebook Inc. (NASDAQ: FB) shares will be released and available to be traded. Further stock dilution in the market has generally not been positive for the company in terms of share price, and a recent article suggests that seems to be a similar expectation for Facebook Inc. (NASDAQ:FB). However, the writer mentions that he believes that the stock just might be undervalued at this point, and suggests that investors might find some good value next week, after the lockup is released. However, it is acknowledged that Facebook Inc. (NASDAQ:FB) is still having issues with revenue streams and there is some skepticism about the success of such options as Sponsored Posts and Facebook Gifts and how many of the 1 billion users of the social network will actually dole out money for these types of services on a consistent basis. And that skepticism just might hover over the stock until Facebook Inc. (NASDAQ:FB) successfully answers the questions of revenue and mobile advertising. Investors like billionaire fund manager George Soros of Soros Fund Management will certainly be looking for some definitive answers.
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RF Micro Device (NASDAQ: RFMD) issued its quarterly earnings data on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. The company’s quarterly revenue was down 14.0% on a year-over-year basis. RF Micro Device updated its Q3 guidance to $0.06 EPS. RFMD has been the subject of a number of recent research reports. Analysts at Lazard initiated coverage on shares of RF Micro Device in a research note to investors on Friday, October 5th. They set a “neutral” rating on the stock. On the ratings front, analysts at Brean Murray initiated coverage on shares of RF Micro Device in a research note to investors on Friday, September 28th. They set a “buy” rating and a $5.50 price target on the stock. Finally, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of RF Micro Device in a research note to investors on Wednesday, September 26th. They now have a $8.00 price target on the stock. Shares of RF Micro Device (NASDAQ: RFMD) traded up 3.42% during midday trading on Tuesday, hitting $3.93. RF Micro Device (RFMD) has a 52 week low of $3.45 and a 52 week high of $7.89. The company’s market cap is $1.087 billion. RF Micro Devices, Inc. (RFMD) is engaged in the design and manufacture of radio frequency components and compound semiconductor technologies.
How Should Investors React to RFMD Now? Find out here
Millennial Media, Inc. (NYSE:MM) announced today the pricing of its previously announced underwritten public offering of 10,000,000 shares of its common stock at $14.15 per share. Millennial Media is selling 921,952 of its shares of common stock. An additional 9,078,048 shares are being sold by Millennial Media stockholders. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock. The proceeds of the primary portion of the offering will be used for working capital and general corporate purposes. Millennial Media will not receive any proceeds from shares of common stock to be sold by the selling stockholders. As part of the underwriting procedures, Millennial Media, all selling stockholders, as well as all officers and directors, have agreed to lock-up agreements for a period of 90 days following the offering.
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Monster Beverage (NASDAQ: MNST) investors are getting jittery, and not for their usual highly caffeinated reasons. The company's shares have lost more than a quarter of their value in the past two days after the Food and Drug Administration confirmed Monday that it had received "adverse incident reports" of five deaths involving Monster energy drinks. The New York Times first drew attention to the reports, which were requested under a Freedom of Information Act filed by the mother of a 14-year-old Maryland girl who died in December from heart problems after drinking Monster Energy on two consecutive days. A lawsuit filed by Anais Fournier's parents in California Superior Court on Oct. 17 alleges the girl drank two Monster Energy beverages that contained a combined 480 milligrams of caffeine, equivalent to about 21 8-oz. servings of Coca-Cola (KO +0.49%) or 19 8-oz. servings of Pepsi (PEP +0.31%). According to Bloomberg, the Maryland medical examiner’s office determined the girl’s cause of death to be from "cardiac arrhythmia due to caffeine toxicity." The FDA says it hasn't found a link between Monster Beverage drinks and the reported deaths, but is still investigating.
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