4 Tech Stock Stories to Break in the New Trading Week

Google Inc. (NASDAQ:GOOG): Closing price $924.68

Google’s current China head, John Liu, will step down in mid-August according to a company statement released Monday, which said the current chief of the company’s partnerships business in Europe, Scott Beaumont, will take over Liu’s responsibilities. Liu oversaw Google in China during difficult times and has been in the position since the firm decided in 2010 to no longer censor Internet searches as mandated under local law, moving its operations to Hong Kong. Since then, analysts believe that Chinese government blocks have made Google’s services there slow and unreliable, and it has lost market share to local search firm Baidu Inc.

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GOOG

Cogo Group Inc. (NASDAQ:COGO): Closing price $2.54

Cogo Group, the gateway for world semiconductor firms to access industrial and tech markets in China, announced Monday that its founder, CEO, and chairman, Jeffrey Kang, submitted a proposal to the board of Cogo for the purchase of roughly 30.5 percent of the company’s net assets, which, as of the first quarter, generated around 98.7 percent of its revenues via Brilliant Group Global Ltd., a company he wholly owns. The proposed acquisition price is $80 million; Kang wants the transaction to close before the end of this year.

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COGO

Microsoft Corp. (NASDAQ:MSFT): Closing price $36.19

Microsoft has accused U.S. Customs officials of refusing to obey a trade agency’s order to disallow imports of phones made by Google’s Motorola Mobility division in a lawsuit that attempts to modify how such cases are handled. In May 2012, the International Trade Commission in Washington issued the import ban after ruling that Motorola Mobility devices infringed on a Microsoft patent for how mobile phones synchronize calendar events with other computers. The Microsoft lawsuit says the order is not being enforced, claiming that U.S. Customs and Border Protection, after conducting secret meetings with Google, continued to allow the Motorola Mobility mobile phones to enter the country even though Google has done nothing to remove the feature at the center of the ITC case, according to the complaint.

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MSFT

Aruba Networks Inc. (NASDAQ:ARUN): Closing price $17.59

Aruba announced Monday that its board has approved the repurchase of as many as an additional $100 million of its outstanding common stock through an ongoing share buyback program. The firm recently finalized its repurchase of the initial $100 million of stock under the program, initially authorized in June 2012. Under the terms, purchases may be made periodically on the open market and will be funded from available working capital.

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ARUN

Don’t Miss: Here’s Why Google’s China Head Is Off the Hot Seat.