Wall Street PR

The Market Today: Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), Zynga Inc (NASDAQ:ZNGA)

Boston, MA 02/25/2014 (wallstreetpr) – Ford Motor Company (NYSE:F) will not continue using Microsoft Corporation (NASDAQ:MSFT) technology in its in-car system, this is according to sources with insider knowledge on the matter. Ford will instead switch to QNX technology that is offered by BlackBerry Ltd (NASDAQ:BBRY). There will be several benefits or solutions that Ford will achieve by abandoning Microsoft for BlackBerry. First, the company believes that licensing QNX in-car technology will be less expensive than Windows. Second, the company will be able to fix the various problems that its customers have complained about regarding Windows enabled in-car systems that it currently uses. Ford has about 7 million cars featuring Microsoft voice software that allows drivers to make calls on their mobile and play music. Using QNX will also ensure flexibility of its in-car Sync System. Ford Motor Company (NYSE:F) was up in gains in the previous session where it boosted its market value by about 0.13 percent.

General Motors Company (NYSE:GM) is getting more questions coming over its recently announced voluntary vehicle recall. The company stated that it would recall for fixing of ignition switch in about 619,122 cars of the Chevrolet Cobalt and Pontiac G5 models manufactured between 2005 and 2007. However, it is emerging that the company had initially earmarked more cars with ignition problem than the number it has recalled. The identified but not recalled cars are the 2007 Saturn Sky, 2003-2007 Saturn Ion and 2006-2007 Chevrolet HHR and Pontiac Solstice. General Motors Company (NYSE:GM) has not been very clear about why it is just recalling about half of the total number of vehicles it had earlier alerted dealers about. And so many questions keep coming.

Zynga Inc (NASDAQ:ZNGA) executives lead by CEO Don Mattricks will present at the Morgan Stanley (NYSE:MS) conference on March 3. The event is dubbed technology, media and telecoms conference. Investors can catch the latest about the plans of the men and women at the social media games maker. The conference comes at such a good moment for ZNGA which has had very interesting trading in the past weeks. The share is now closing on its 52-week high, without forgetting that the 52-week high has been moved up thrice this month. Zynga Inc (NASDAQ:ZNGA) is now trading around $5 per share while its 52-week high stands at $5.16.

Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.