11 Top Stories Giving Juice to Dow 30 Tech Stocks This Week
Verizon Communications (NYSE:VZ): Current price $49.12
The market-value gap has been narrowed between Vodafone Group (NASDAQ:VOD) and Verizon Communications as investors think a merger or an agreement over their domestic wireless venture more and more likely. Shares of Vodafone have risen around 12 percent since March 5, when Bloomberg said that Verizon is working to resolve their relationship in 2013 and that the firms have discussed an array of options including the idea of the United States carrier purchasing 100 percent of the Verizon Wireless venture.
BGR reports that Google’s (NASDAQ:GOOG) LTE version of the Chromebook Pixel will ship to customers by April 8. Also, the touch-enabled computer will cost $1,449 and will be compatible with Verizon’s high-speed network.
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Microsoft Corporation (NASDAQ:MSFT): Current price $28.61
The Verge reports that leaked screenshots of an early model of the next version of Windows, called “Windows Blue,” imply that Microsoft plans for smaller Live Tile arrangements, new Snap Views, larger control over personalization options and other modifications.
Notebook brand suppliers might be cautious about revealing their new products’ industrial designs due to fears that Microsoft could use their designs to benefit Surface products, says DigiTimes. Sources from the upstream supply chain say that the brand vendors no longer trust Microsoft and its strategy of pushing Surface tablets.
Microsoft Corporation (NASDAQ:MSFT) is in discussions to divest its IPTV unit to Ericsson (NASDAQ:ERIC), and a deal could be announced in a few weeks, says Bloomberg, citing inside sources. The report notes that the division makes software used by phone companies that inlcude AT&T to deliver television over the Internet.
Microsoft is in negotiations to sell its IPTV business to Ericsson (NASDAQ:ERIC), and a deal could be reached in a few weeks, say inside sources to Bloomberg, which added that the division makes software used by phone companies including AT&T (NYSE:T) to deliver television over the Internet.
Global information tech spending is projected at a total of $3.8 trillion in 2013, representing a 4.1 percent rise from 2012 spending of $3.6 trillion, says the most recent forecast by Gartner. Worldwide devices spending should reach $718 billion in 2013, up 7.9 percent from 2012. In the face of flat spending on PCs and a modest drop in spending on printers, a short-term boost to expenditures on premium mobile phones has prompted an upward revision in the devices’ sector growth for the current year from Gartner’s prior forecast of 6.3 percent. The outlook for 2013 for data center systems spending is projected to grow by 3.7 percent in 2013, which is down 0.7 percent from Gartner’s previous forecast.
AT&T (NYSE:T): Current price $36.71
AT&T launched its sales of BlackBerry’s (NASDAQ:BBRY) new Z10 smartphone in domestic stores on Friday, and analysts are divided over whether the launch was a success. In an early Monday note to investors, analyst Jim Suva at Citigroup wrote that AT&T does not appear to be very excited about the device, as the carrier is not promoting the Z10 very much inside its stores and is presenting the products in unfavorable locations. Also, less than 5 percent of the stores that Citigroup contacted report selling of their limited Z10 supplies out. Suva maintained a Sell on BlackBerry, and forecasts that its quarterly results, due on March 28, will disappoint. Meanwhile, Goldman Sachs downgraded Blackberry to Neutral from Buy, citing what it calls a disappointing intro of the Z10 at AT&T, during increased expectations for the firm, and lowered its price target on Blackberry shares from $19 to $17. On the other hand, analyst Peter Misek at Jefferies, after checking with more than ten of AT&T’s stores, believes that the Z10′s sales are running a bit ahead of his modest expectations.
AT&T will begin accepting preorders for Samsung’s Galaxy S 4 smartphones on April 16th, according to BGR.
Intel Corporation (NASDAQ:INTC): Current price $21.83
Intel is progressing in its discussions with Time Warner (NYSE:TWX), NBC Universal (NASDAQ:CMCSA), and Viacom (NYSE:VIA) through which to obtain television shows and films for its online pay-TV service, says Bloomberg. According knowledgeable sources, Intel is negotiating financial terms with the firms and the broad terms have already been signed off.
International Business Machines Corporation (NYSE:IBM): Current price $213.38
Worldwide information tech spending is projected at a total of $3.8 trillion in 2013, marking a 4.1 percent increase from 2012 spending of $3.6 trillion, says the most recent forecast by Gartner. Global devices spending should reach $718 billion in 2013, up 7.9 percent from 2012. In the face of flat spending on PCs and a modest drop in spending on printers, a short-term boost to expenditures on premium mobile phones has prompted an upward revision in the devices’ sector growth for the current year from Gartner’s prior forecast of 6.3 percent. The outlook for 2013 for data center systems spending is projected to grow by 3.7 percent in 2013, which is down 0.7 percent from Gartner’s previous forecast.
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