Groupon, Microsoft: Tech Winners & Losers (Update 1)
NEW YORK (TheStreet) -- Groupon's(GRPN) shares suffered after Chairman and Co-founder Eric Lefkofsky said in a blog post that he plans to step back from day-to-day work with the company so he can dedicate more time and attention to his venture-capital firm, Lightbank.
"I look forward to continuing to work with
Groupon has fallen 66.33% since its IPO, making it the worst-performing IPO of the last year, according to a Bloomberg report. Shares closed down 7.57% at $8.79 on Tuesday.
Research in Motion(RIMM) closed down 1.87% at $7.35 on Tuesday, despite chatter in the blogosphere about the company's product roadmap.
The BlackBerryOS.com blog reported that BlackBerry 10 would be released in the first quarter of 2013. The report also said the latest BlackBerry would be launched in Europe next January -- 3 to 4 weeks prior to the launch in North America.
Microsoft's(MSFT) assertion that the $6.2 billion asset impairment charge it announced on Monday will not impact its ongoing business or financial performance seems to resonate with investors. The software giant's shares closed up 0.65% to $30.76 on Tuesday.