Thursday, March 7, 2013

Tech stocks: Dell challenge, Facebook event

Icahn takes on Dell. Shares of the personal computer are up slightly at $14.36 as another investor steps forward to dispute the company's plan to go private.
Facebook gets ready for its big reveal, and Dell faces another opponent against its bid to go private. Here's a look at the stocks to watch Thursday.
Investor Carl Icahn proposes Dell pay a one-time dividend of $9 per share to allow stockholders to keep their stake. A buyout plan initiated by founder Michael Dell would net $13.65 a share for stockholders, and turn the PC maker private.
Southeastern Asset Management, Dell's biggest investor, and T. Rowe Price are also against the move.

Facebook's new News Feed. The social network unveils its plan for News Feeds, which highlights status updates from friends and pages users follow. The event kicks off at 1 p.m. ET. Earlier reports suggest Facebook could introduce content-focused feeds centered on areas such as photos and music.

Shares of Facebook are up slightly to $27.65 in pre-market trading.

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