Balasubramanyam Seshan

Jefferies & Co. upgraded its rating on shares of Logica Plc (London: LOG) to "hold" from "underperform", while lowering its price target to 90 pence from 105 pence.

The tablet landscape has become a war zone with major tech corporations fighting for a slice of the burgeoning market. This has compelled companies like Toshiba and HP to launch their own tablets in the market.

Market capitalization, also called market cap, means the total dollar market value of a company's all outstanding shares. It represents the aggregate value of a company or stock.

The countdown of Juno mission to Jupiter is moving ahead toward a lift-off at 11:34 am EDT, NASA said in a statement. The weather forecast is positive on Friday and there are no indications of technical issues.

The top pre-market NASDAQ Stock Market gainers are: MannKind, priceline.com, ASM International, Web.com Group, and Qiagen. The top pre-market NASDAQ Stock Market losers are: Imperial Sugar, MIPS Technologies, Hansen Medical, First Solar, and Tesla Motors.

The decision by Fidelity National Information Services Inc (FIS) and Misys plc (London: MSY) to abandon takeover discussions has sent the Misys share price into a tailspin, inevitably accompanied by a degree of unwind of risk-arbitrage positions, Jefferies said in a note to clients.

NASA is on the brim of launching a new solar-powered Juno spacecraft all the way to Jupiter. Juno is set to lift-off at 11:34 am Friday from Space Launch Complex 41 at Cape Canaveral Air Force Station in Florida, atop an Atlas V rocket. It will take five years for the spacecraft to reach Jupiter.

British software firm Misys plc (London: MSY) said takeover discussions with Fidelity National Information Services Inc (FIS) have been terminated. Misys decided to reject FIS offer and withdraw from further discussions with FIS, as the offer materially undervalued the company.

The top after-market NASDAQ Stock Market gainers are: AMERCO, Shutterfly, priceline.com, Carrizo Oil & Gas, and Spreadtrum Communications. The top after-market NASDAQ Stock Market losers are: MIPS Technologies, Cogo Group, Rubicon Technology, Penson Worldwide, and TTM Technologies.

Apple Inc. is being aggressive defending its own IP with well publicized suits against Samsung and HTC, Barclays Capital said. Key companies in the wireless arena including Apple and Google continue to acquire and invest in IP to cement their positions.

Jefferies believes Research In Motion Ltd.'s BlackBerry Enterprise Server/BlackBerry Internet Service (BES/BIS) infrastructure could be worth $5 billion to $10 billion in a sale. But who will buy it?

BlackBerry maker Research In Motion introduced five new handsets that run on its new BlackBerry 7 mobile OS, in a bid to regain ground against rivals like Apple.

The top after-market NASDAQ Stock Market gainers are: Web.com Group, On Assignment, Zipcar, Allied Motion Technologies, Savient Pharmaceuticals, and The Andersons. The top after-market NASDAQ Stock Market losers are: Dendreon, Entropic Communications, comScore, Zumiez, Oncothyreon, and Career Education.

The top pre-market NASDAQ Stock Market gainers are: Global Traffic Network, AMAG Pharmaceuticals, Allscripts Healthcare Solutions, InterDigital, and ZST Digital Networks. The top pre-market NASDAQ Stock Market losers are: Smith Micro Software, MicroStrategy, OpenTable, Sonus Networks, Garmin, and Dunkin' Brands Group.

Barclays Capital believes iCloud is a major differentiating factor for Apple Inc. -- facilitating convenience, ease of use and compatibility across its entire ecosystem. Apple's iCloud is nearing its official launch, which is still expected to be available with iOS 5 this fall, as iCloud.com went live this week.

Jefferies said 3G wireless data will drive significant change in China Telecom landscape over the next two years.

Apple Inc. (NASDAQ: AAPL) is looking to merge iOS (iPhones/iPads) with OS X (Macs) into a single platform for apps and cloud services starting in 2012-2013, said Jefferies, a global securities and investment banking group.

The top after-market NASDAQ Stock Market gainers are: j2 Global Communications, Westell Technologies, Winn-Dixie Stores, Commercial Vehicle Group, and Merge Healthcare. The top after-market NASDAQ Stock Market losers are: Smith Micro Software, Liquidity Services, Cavium Networks, Black Box, and OpenTable.

The top pre-market NASDAQ Stock Market gainers are: Foster Wheeler AG, SIRIUS XM Radio, Cognizant Technology Solutions, Sohu.com, and Pan American Silver. The top pre-market NASDAQ Stock Market losers are: Ctrip.com International, Allot Communications, Nova Measuring Instruments, Kulicke & Soffa Industries, and Ryanair Holdings.

Jefferies & Co. upgraded its rating on shares of RadiSys Corp. (NASDAQ: RSYS) to "buy" from "hold" while maintaining its price target of $10.

The top after-market NASDAQ Stock Market gainers are: Gentiva Health Services, Sangamo Biosciences, LHC Group, Clearwire, and Cytori Therapeutics. The top after-market NASDAQ Stock Market losers are: Innophos Holdings, Texas Roadhouse, Siliconware Precision Industries, Ctrip.com International, and Meru Networks.

Apple Inc.'s next generation iPhone, dubbed iPhone 5, is facing too much of a competition from Android. It is being speculated that iPhone 5 is scheduled to launch in early September.

Dell Inc. is expected to start selling a 10-inch Android Honeycomb tablet especially for the Chinese market soon. However, it has to deal with Samsung's ultra-thin tablet the Galaxy Tab 10.1 which is expected to be launched in China next month.

After losing the bidding war over Nortel Networks patents, Google Inc. (NASDAQ: GOOG) has purchased more than 1,000 technology patents from International Business Machines Corp. (NYSE: IBM).

Serena Williams, who needed nearly a year to recover from surgery, moved into the Bank of the West Classic final, where she will face France's Marion Bartoli on Sunday at 12 PM PDT.

A Caribbean Airlines jet from New York overshot the runway after it had just touched down Cheddi Jagan International Airport at Georgetown, Guyana, and broke apart injuring several dozens of people.

Google Inc. (NASDAQ: GOOG) has acquired more than 1,000 technology patents from International Business Machines Corp. (NYSE: IBM), after it lost the bidding war over more than 6,000 patent filings from Nortel Networks.

AT&T Inc. (NYSE: T) said it will reduce the data browsing speeds for the top five percent of its heaviest users on unlimited wireless data plans from October 1, in response to the explosive data usage growth and network congestion.

Computer maker Dell Inc. entered the 10.1-inch tablet race by releasing its Android Honeycomb tablet, Dell Streak 10 Pro, especially for the Chinese market. However, the tablet has to deal with the iconic Apple iPad 2, as the benchmark for design and performance has been set by the Cupertino giant.