4 Tech Stock Stories Ready for a Monday Download

Sony Corp. (NYSE:SNE): Closing price $21.61

Early Monday, Sony uncovered the Vita TV during its pre-Tokyo Game Show press conference, according to Venture Beat. The product is a small, Apple TV-like box that permits gamers to play Vita titles using a DualShock 3 controller. A future update to the console will allow the Vita TV to stream games from a PlayStation 4 console. Sony says that Vita TV will work with more than 1,300 games at launch, but many Vita titles are incompatible. Any Vita game that needs touch, motion, or  camera controls will not work with the system. Vita TV will debut in Japan on November 14 for about $100.

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Google Inc. (NASDAQ:GOOG): Closing price $888.05

Google has made a new offer to European Union regulators to resolve an almost three-year-old EU antitrust inquiry into the manner with which it operates its search services. EU Competition Commissioner Joaquin Almunia observed in an interview with Bloomberg Television on Sunday in Cernobbio, Italy, that, “We received new proposals from Google in the previous week. If we are satisfied with the new proposals, we can advance toward an agreed solution in the coming months.”

Google’s prior offer to label its branded search services and show links to competing specialized search services was turned down by Almunia in July. Google rivals, including Microsoft Corp., have pressed the EU to go after more robust concessions from the company.

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Western Digital Corp. (NASDAQ:WDC): Closing price $65.40

Western Digital and the provider of server-side flash storage solutions Virident Systems, Inc. said Monday that they have reached a definitive merger agreement through which Virident will be purchased by HGST — a wholly-owned subsidiary of Western Digital.

The purchase price will be roughly $685 million in cash, which represents around $645 million in enterprise value, net of Virident’s estimated cash balance at the close. The latter is a tech leader in one of the quickest-growing segments in enterprise and cloud computing. Closing of the acquisition, which is subject to the usual conditions, should occur in the fourth calendar quarter.

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Top Image Systems, Ltd. (NASDAQ:TISA): Closing price $2.84

The Enterprise Content Management and BPM Business Process Management and mobile image processing solutions provider, revealed a six-figure eFLOW Digital Mailroom win at a Central Bank in Europe, which is fully owned by the federal government of its home country and plays an integral role in both the European System of Central Banks and the Eurosystem. After examining a short list including three rivals, the bank chose the eFLOW mailroom automation solution with which to manage its current volume of around 300,000 documents annually.

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