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Apple Stock Hits New High on Gadget Rumors

Apple's stock price leaped to a new high on Friday amid rumors the tech giant is poised to hit the market with new versions of iPhone, iPad, and Apple TV devices.

Shares rose nearly two percent to $648.11 by the end of the formal trading day on the Nasdaq exchange, buoyed by a Jefferies investment bank analyst advising clients that the price could climb to $900.

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Meet Squid-Bot, a Robot That Camouflages Itself

Scientists in the United States on Thursday said they had devised a rubbery robot, inspired by the squid and octopus, which can crawl, camouflage itself and hide from infrared cameras.

The Pentagon-backed gadget is the latest type of a so-called soft machine, meaning silicone-based robots that are made from squidgy, translucent polymers.

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Hizbullah Re-launches TV App on Google and Apple, Draws ADL Concerns

The Anti-Defamation League (ADL) in the U.S. expressed concern about Hizbullah re-launching its smartphone al-Manar TV applications, which were previously removed by Apple and Google.

ADL was the first to report on the app, which appeared on July 25 and directs users to content from al-Manar, the Lebanon-based Hizbullah satellite television station. Apple removed the app four days later from iTune stores and Google followed two days after removing the app from Google Play.

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IBM Buys Flash Memory Firm

IBM on Thursday announced a deal to buy a U.S. firm specializing in high-performance solid state memory, which is fast replacing spinning disks used to store data in computer hard drives.

IBM did not disclose financial terms of the agreement to acquire Texas Memory Systems (TMS), which is based in Houston.

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Report: Japan's Sharp Mulls Main Businesses Sale

Japan's embattled Sharp Corp. is considering selling off part of its main operations as it looks to plug a gaping hole in its balance sheet, a report said Friday.

The consumer electronics giant, bracing for a huge net loss this fiscal year, is set to pull out of copiers and air conditioners, to focus on its more competitive liquid crystal display (LCD) division, the Nikkei business daily said, without citing sources.

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Facebook Stock Lockup to Expire

Beginning Thursday, Facebook's early investors and a few directors will be able to sell stock they own in the company as a lock-up period barring them from doing so begins to expire.

Thursday marks 90 days after Facebook's initial public offering. That's when early investors who were selling stockholders in the IPO get to sell their shares, according to regulatory filings. Other shareholders, such as many Facebook employees, will be able to sell beginning in October. The last lockup deadline expires next May, a year after Facebook's IPO.

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Lenovo Profit Up 30 Percent but Growth Slows

Lenovo Group said Thursday its quarterly profit rose 30 percent on strong sales in developing markets but growth slowed amid global economic weakness.

The world's second-largest personal computer maker said it earned $144 million in the three months ending June 30 on $8 billion in global sales. The profit growth rate was down from the previous quarter's 59 percent increase.

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Judge Asks Samsung-Apple Chiefs to Resolve Patent Spat

A U.S. judge on Wednesday urged the chiefs of Apple and Samsung to negotiate a truce in their high-profile patent trial here, saying it was "time for peace."

U.S. District Court Judge Lucy Koh asked the heads of Apple and Samsung to speak on the phone in order to reach a legal settlement before the matter is put in the hands of jurors, probably late next week.

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Nokia to Unveil Windows 8 Smartphone in Sept

Finnish telecom giant Nokia and Microsoft plan to unveil a smartphone equipped with the U.S. software giant's Windows 8 operating system in New York on September 5, a report said Wednesday.

The Helsingin Sanomat daily did not cite any sources but said the beleaguered Nokia could also unveil its first tablet computer at the event.

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Twitter Co-Founders Create Online Publishing Site

A website launched by Twitter co-founders as a publishing platform for stories, memories and news was open Wednesday to members of the hit one-to-many text messaging service.

A preview version of, launched by Biz Stone and Evan Williams, was live with collections such as "This Happened to Me" stories and "When I Was a Kid" pictures.

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