Due to an editing error, an earlier version of this story stated that the 32GB TouchPad sells for $99, when in fact it sells for $149. The 16GB TouchPad is $99. The story has been updated to reflect the correction.
NEW YORK (
said Wednesday it will temporarily bring back its
less than two weeks after it announced it was discontinuing the product. The move comes after HP slashed prices for the tablet as part of a liquidation event, creating a surge in demand for the devices.
Despite the fact that the company will probably take a loss for the move -- market researcher iSuppli reports that it costs about $318 to make the 32GB TouchPad, which now sells for $149, while the 16 GB sells for $99 -- shares of HP rose 1% to $26.30 in pre-market trading Wednesday.
Research In Motion
lost its head of global developer relations, Mike Kirkup, who resigned from the struggling BlackBerry maker Tuesday. The departure comes at a time when RIM is trying to
and win back smartphone market share from
Shares of RIM climbed 1.6% to $33.08 in pre-market trading on Wednesday.
exec Tero Ojanper is leaving the company after 21 years for a new role at an investment fund called Vision+. The fund is intended to help create new apps for Nokia smartphones -- an area where the Finnish handset maker has struggled.
Shares of Nokia edged up 0.8% to $6.49 in pre-market trading on Wednesday.
Chinese media company
acquired a 9% stake in Chinese online video company
in an attempt to increase its share of the rapidly-growing video advertising market. The partnership should intensify competition between industry leader
, partially owned by Chinese search giant
said Tuesday said it is scaling back its daily deals business and will be cutting the number of salespeople working on the service to 15 from 30. The move comes soon after
, strengthening the position of market leader
--Written by Olivia Oran in New York.
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