Needham starts Facebook with buy, $40 price target
(Reuters) - Brokerage Needham & Co started coverage on Facebook Inc with a "buy" rating, a rare positive take on the shares of the social network after they lost nearly a fifth of their value since the company's stock started trading last Friday. Facebook should be valued based on the revenue potential from total minutes spent on the website, Needham analysts said, setting a $40 price target on the stock. Facebook shares were up 4 percent at $32.35 in early trade on the Nasdaq. ... First Meteor Shower of 2012 Dazzles
The Quadrantid meteor shower, the first major show of shooting stars in 2012, peaks in the hours before dawn on Wednesday. The best seeing should be after the moon sets around 3 a.m. Astronomers say you may see 60-200 shooting stars per hour if the weather is clear.
  Facebook looks to settle 'sponsored story' suit
Facebook is close to settling a lawsuit over advertisements it calls "sponsored stories." Can Diet Coda make the iPad a leaner meaner business machine?
If you watch a lot of television, you’d think Apple’s iPad, which accounts for 68 percent of all global tablet sales, had cornered the enterprise market. Clever product placement makes it seem like this two-year-old technology has found it way into every business from retail to national security. The truth, however, is that of the hundreds of thousands of iOS apps only a tiny percentage help foster the image of the iPad as post-PC computer. Rather, the vast majority are created for casual users looking to consume content. ... Mammoth 'Butchered' by Ancient Man
A young woolly mammoth, found remarkably well preserved in the tundra in Siberia, may have been attacked by lions -- but scientists say there are signs it was then butchered by ancient humans.
Sycamore Networks posts deeper fiscal 3Q loss
Communications equipment maker Sycamore Networks Inc. posted a deeper loss in its fiscal third quarter because research and development costs increased.
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