It allows users to record a whole sequence of actions taken on their screen - a demonstration of how to use an application, for example - and then share it with friends for comment, or just for fun.

ENGADGET: Samsung Galaxy Note II unveiled: 5.5-inch HD Super AMOLED display, Android Jelly Bean and more S Pen functionality

Glympse's location-sharing application enables users to share their location with anyone for a specified period of time.

ENGADGET: BMW and Mini cars add iOS integration for Audible, Glympse, Rhapsody and TuneIn

Following PeopleSoft's warning, Morgan Stanley cut its earnings estimate for the provider of enterprise application software to 13 cents per share from 20 cents.

FORBES: Eye On Stocks For Tuesday, July 27