Top Tech News: Facebook Inc (NASDAQ:FB), Intel Corporation (NASDAQ:INTC)

Lakeway, TX -- (SBWIRE) -- 02/27/2013 -- vb-news.net, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Facebook Inc (NASDAQ:FB) Strategic Preferred Marketing Developer Nanigans have their own 1 billion conversions on the social network’s platform to celebrate.

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Through Nanigans’ return on investment-based Ad Engine platform, the company has been able to drive 1 billion conversions via Facebook marketing on desktop and mobile.

In 2012 the company posted that revenues grew by 150%, the customer base nearly doubled, and Nanigans nearly tripled the volume of the ad spend managed through its platform.

Ric Calvillo, the Co-Founder and CEO of Nanigans, discussed his company’s achievements in a press release: “We’re proud to have reached this milestone, as it speaks to the true value advertisers are achieving by leveraging our ROI-based advertising platform. In 2012 we solidified our position as the market leader in performance advertising on Facebook for the retail and gaming sectors, and we look forward to continuing to build advertising technology that serves these and other performance-driven sectors on desktop and mobile.”

Intel Corporation (NASDAQ:INTC) agrees to make chips for Altera Corp using 4-nanometer tri-gate transistor technology for such markets as military, cloud networking and data storage.

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“We believe this marks an important milestone for Intel, where it has acquired its first major customer and has the potential to exert its influence in noncore segments via its process leadership,” UBS analyst Stephen Chin said in a note.

“We expect Intel’s foundry business to grow over time with new customers, but not distract from its primary processor business model,” Chin added.

Evercore Partners analyst Patrick Wang said the Altera agreement “marks management’s first public commitment to the foundry business in a material manner.”

“Real men share fabs,” Wang also said.

Wang said he sees Intel signing more customers later this year “potentially including Apple and Cisco.

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