Apple, RIM, Motorola: Morning Tech Bytes
NEW YORK (TheStreet) -- Shares of Apple (AAPL) - Get Report and Research In Motion (RIMM) were up slightly in premarket trading Monday, as both companies cracked IDC's list of the top five most popular mobile vendors this quarter.
Apple passed Research in Motion as the fourth most popular mobile vendor in the world, IDC reported Friday. RIM now holds the number five spot, while
Sony
(SNE) - Get Report
Ericsson was pushed out of the top five. Apple's ascent in the mobile rankings is due to the release of the iPhone 4 in 17 new countries during the quarter.
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Shares in Apple were up 0.35% to $302.00. Shares of RIM also rose 0.91% to $57.44.
In other Apple-related news, the iPhone maker is suing
Motorola
(MOT)
over a patent dispute. The suit claims that Motorola is using Apple's multi-touch technology in the Android-based Droid X and Droid 2 smartphones. The case comes after Motorola sued Apple for patent infringement last month.
Shares of Motorola were down 0.86% to $8.09 in premarket trading Monday.
has acquired online content sharing service
Drop.io
, the company said Friday. The acquisition will allow the social networking giant to invest more heavily in file sharing and storage. While Facebook is already the largest photo sharing site in the world, it does not have a significant presence in audio and video.
Google Ventures
(GOOG) - Get Report
, Google's investment arm, has invested in the vacation rental site
HomeAway
, the company announced Friday. HomeAway, based in Austin, Texas, has already raised nearly half a billion dollars in venture capital. Proceeds will be used to buy out existing shareholders. Google did not disclose how much money it had invested in the startup.
Omar Hamoui, the CEO of Google-acquired mobile advertising startup
AdMob
, has announced he is stepping down from the company for personal reasons. Google announced it was paying $750 million for AdMob a year ago, but waited more than six months for regulators to approve the deal.
--Written by Olivia Oran in New York.
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