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Facebook stock falls after Barron's says it's 'still Facebook Inc.'s stock took a hit Monday after an article in the financial magazine Barron's said it is ''still too pricey'' despite a sharp decline since its initial pub- lic offering. too pricey' NEW YORK (AP) — Though Facebook's stock has plunged since its May IPO, Andrew Bary at Barron's said the stock trades at ''high multiples of both sales and earnings, even as uncertainty about the outlook for its business grows.'' Facebook's massive user base to mobile devices. The company is still figuring out how to advertise to people who use their mobile phones and tablet comput- ers to access the social net- work. Bary said success in the mobile space is ''no sure thing'' for the company. Mobile ads must fit into much smaller screens, which doesn't give Face- book ''much room to con- figure ads without alienat- ing users,'' Bary said. Facebook also has what Bary called ''significant'' stock-based compensation expenses. Last year, the company issued $1.4 billion worth of restricted stock and $1 billion so far this year, he noted. Yet technology com- panies such as Facebook ''routinely encourage ana- lysts to ignore stock-based compensation expense — and most comply. This dubious approach to calcu- lating profits is based on the idea that only cash expenses matter,'' Bary wrote. ''That's a fiction, pure and simple.'' At issue is the shift of Facebook's stock fell $2.03, or 8.9 percent, to close at $20.83 on Monday. The company went public on May 18 at a share price of $38, which it has not matched since. Menlo Park, Calif.-based Apple supplier Foxconn suspends company that makes Apple's iPhones suspended production at a factory in China on Monday after a brawl by as many as 2,000 employees at a dormitory injured 40 people. The fight, the cause of which is under investiga- tion, erupted Sunday night at a privately managed dor- mitory near a Foxconn Technology Group factory in the northern city of Taiyuan, the company and Chinese police said. A police statement reported by the official Xinhua News Agency said 5,000 officers were dispatched to the scene. company declined to say whether the factory is involved in iPhone produc- tion. It said the facility, which employs 79,000 peo- ple, will suspend work Monday and reopen Tues- day. Foxconn makes iPhones The Taiwanese-owned and iPads for Apple Inc. and also assembles products for Microsoft Corp. and Hewlett-Packard Co. It is one of China's biggest employers, with some 1.2 million workers in factories in Taiyuan, the southern city of Shenzhen, in Chengdu in the west and in Zhengzhou in central China. The unrest happens at a critical time for Apple. The fight started days after the launch of the latest iPhone model in the U.S. and eight other countries. The phone quickly sold out in most stores in the U.S. and Apple has a three to four-week backlog of online orders as it ramps up production to meet demand. Condolences pour in, WORLD BRIEFING weeks. The cub, believed to be female, died Sunday morn- ing, less than a week after its birth surprised and delighted zoo officials and visitors. Zookeepers had all but given up on the panda mother's chances of con- ceiving after six years of failed attempts. ''Every loss is hard,'' said National Zoo director Dennis Kelly. ''This one is especially devastating.'' This much is known: The cub appeared to be in good condition. It had been drinking its mother's milk. And it wasn't accidentally crushed to death by its mother, which has hap- pened to other panda cubs in captivity. At birth, the cubs are hairless, their eyes are closed and they're about the size of a stick of butter. Their mothers weigh about 1,000 times more. SF could OK among tiniest apartments in US SAN FRANCISCO (AP) — San Francisco may soon give new meaning to the word ''downsizing.'' Supervisors are set to National Zoo officials work to find how panda died WASHINGTON (AP) — As condolences poured in from around the world, National Zoo officials wait- ed Monday for word on why a 6-day-old panda cub died and lamented a heart- breaking setback to their closely watched breeding program. production BEIJING (AP) — The The cub had liver abnor- malities and fluid in its abdomen, but a cause of death will not be known until full necropsy results are available within two vote on Tuesday on a pro- posed change to the city's building code that would allow construction of among the tiniest apart- ments in the country. Under the plan, new apartments could be as small as 220 square feet (a little more than double the size of some prison cells), including a kitchen, bath- room and closet, the Los Angeles Times reported. Current regulations require the living room alone to be that size. Schematics for 300- square-foot units planned for San Francisco's South of Market neighborhood include window seats that turn into spare beds and beds that turn into tables. Proponents say the smaller apartments would provide a cheaper option for the city's many single resi- dents, who have been priced out of the rental market as the region experiences a resurgent technology indus- try. San Francisco apart- ments rented for an average of $2,734 in June, up 13 percent from a year ago, according to the research firm, RealFacts. The micro-units, in con- Tuesday, September 25, 2012 – Daily News 5A Apple said then that it sold 4 million phones in the first three days. Topeka Capital Markets analyst Brian White expect- ed Apple to sell 6 million to 6.5 million iPhone 5s in the first three days. He said the shortfall was largely due to limited supply. White said the phone was sold out at 80 to 85 percent of the U.S. Apple stores he and his team contacted Sunday evening, and the ones that were still available were mostly Sprint models. trast, are expected to rent for $1,200 to $1,500 a month, San Francisco Supervisor Scott Wiener told the Los Angeles Times. Wiener drafted the legislation for the smaller apartments. It allows them to accom- modate up to two people and requires an additional 100 square feet of space for each occupant above that number. ''Although in our fantasy world everyone would live in a single-family home or a huge spacious flat, the reali- ty of life is that not everyone can afford that,'' Wiener said. dwelling sizes because of concerns about congestion. Some critics want San Fran- cisco to follow the example of New York City and first test a small number of the units. New York City's micro-units also have higher minimum-size requirement. a But critics counter that the units wouldn't help fam- ilies and could boost popu- lation density, straining public transit and other city services. ''This has to be a pilot project and allow for further study before we end up like Singapore,'' said Sara Shortt, executive director of the tenants' rights group, Human Rights Committee of San Francisco. iPhone 5s sold NEW YORK (AP) — Apple Inc. said Monday that it sold more than 5 mil- lion iPhone 5s in the three days since its launch, fewer than analysts had expected. Apple shares fell $9.30, or 1.3 percent, to close at $690.79 on Monday. The shares hit an all-time high of $705.07 Friday as the phone went on sale in the U.S., Germany, France, Japan and five other countries. The sales tally is a record Apple says more than 5 million Singapore authorities recently raised minimum for any phone, but it beats last year's iPhone 4S launch only by a small margin. threats NEW YORK (AP) — Iranian President Mah- moud Ahmadinejad on Monday dismissed threats of military action against Iran's nuclear program, asserting that his country's project to enrich uranium is only for peaceful pur- poses and disputing that the country worries at all about an Israeli attack to destroy Iran's nuclear capacity. Iran's president dismisses Speaking to a group of editorial leaders, the first full day of his visit to New York for the annual U.N. General Assembly, Ahmadinejad said it was not too late for dialogue with the United States to resolve differences. He also said that Iran is neutral in the Syrian civil war, and denied that Tehran is providing weapons or training to the government of President Bashar Assad. ''We like and love both sides, and we see both sides as broth- ers,'' he said. He referred to the conflict in Syria as ''tribal'' fighting and said that international ''med- dling from the outside has made the situation even harder.''