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Facebook, Sprint, Informatica: Tech Winners & Losers

NEW YORK (TheStreet) -- Facebook (FB) shares got a short-lived boost after the social networking giant announced it's surpassed 1 billion monthly active users earlier Thursday.

The buying didn't last though and after running as high as $22.40, the shares were recently changing hands at $21.81, down 2 cents.

CEO Mark Zuckerberg penned a blog post thanking the users for helping the network grow. "If you're reading this: thank you for giving me and my little team the honor of serving you," Zuckerberg wrote as part of the post.


Sprint (S) shares fell 3.65% to $5.01 as headlines cropped up that the company might make a bid for MetroPCS (PCS).

Bloomberg reported Sprint is in the "early stages" of evaluating whether it should make a run at Dallas-based MetroPCS.

Yesterday, MetroPCS and T-Mobile USA disclosed details of their merger, which would see the company use T-Mobile's branding and have 42.5 million subscribers.


Informatica (INFA) plunged 23.97% to $25.57 after the company announced it would miss earnings and revenue expectations for the coming quarter.

The Redwood City, Calif.-based data software company forecast earnings of 25 to 27 cents a share for its fiscal third quarter ended in September on revenue of between $189 million and $191 million. Analysts surveyed by Thomson Reuters were looking for revenue of $200.77 million and earnings of 34 cents a share.

In the press release, Sohaib Abbasi, Informatica's CEO, blamed the majority of the shortfall on weakness in Europe.

Interested in more on Informatica? See TheStreet Ratings' report card for this stock.

--Written by Chris Ciaccia in New York

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