4 Tech Stock Stories For Wednesday Downloading

LogMeIn (NASDAQ:LOGM): Current price $19.03

LogMeIn on Tuesday said that a federal jury in Eastern District of Virginia found that its products do not infringe on United States Patent No. 6,928,479, as asserted by 01 Communique. Chief Executive Michael Simon commented that ”We are obviously very pleased with the Court’s decision, and we feel this validates LogMeIn’s long-standing tradition of investing in the development of unique and innovative products. We will continue to vigorously defend patent lawsuits, and we will not succumb to attempts by litigious parties to profit from our ongoing investments in innovation.”

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LOGM

Broadcom Corporation (NASDAQ:BRCM): Current price $34.71

On Tuesday, Broadcom announced the choice of Michael Hurlston to Executive Vice President of Worldwide Sales effective April 1st, replacing Executive Vice President of Business Development Thomas Lagatta, who will continue with Broadcom until he retires at the end of 2013,  reporting to President and Chief Executive Scott McGregor.

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BRCM

Western Digital Corporation (NYSE:WDC): Current price $50.22

Shares of disk drive maker were up 3 cents in after-hours trading at $48.71 after Amit Daryanani at RBC Capital began coverage with an Outperform and a price target of $55, after predicting that profit margin in the industry “will be more “stable,” the firm’s capital allocation is favorable, and the company can take share.”

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WDC

Shutterstock (NYSE:SSTK): Current price $44.61

The Web-based email marketing firm Emma is working jointly with the wholly- owned Shutterstock subsidiary Bigstock, to provide customers with seamless access to more than 12 million stock images. This integration permits Emma customers to find and buy the perfect image for their campaign by searching through Bigstock’s library from within Emma’s image editor.

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SSTK

Investing Insights: Is 3M Still a Gem?

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