4 Tech Stock Stories to Start the Short Trading Week

Activision Blizzard, Inc. (NASDAQ:ATVI): Closing price $16.98

On Tuesday, Activision Blizzard said that, subject to market and other conditions, it will offer $1.0 billion aggregate principal amount of senior secured notes due 2020, $1.0 billion aggregate principal amount of senior notes due 2021, and $500 million aggregate principal amount of senior notes due 2023. The notes will consist of general senior obligations of the company, and will be fully and unconditionally guaranteed on a senior basis by certain of its current United States subsidiaries.

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Telecom Italia (NYSE:TI): Closing price $7.31

Knowledgeable sources say that some core investors in Telecom Italia want to sell their stakes, actions that could leave Italy’s biggest telecom operator open to a takeover offer. Verizon Communications’ $130-billion acquisition of Vodafone out of its United States wireless business has evoked investors’ expectations of a sector shake-up with Telecom Italia viewed as a possible target. The latter, controlled by a group of shareholders by holding Telco, has thus far failed to find a partner through which to inject new funds as it deals with a recession in its home market, along with net debt of over $37 billion.

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Video Display Corp. (NASDAQ:VIDE): Closing price $3.55

Video Display on Tuesday reported the successful completion of the divestiture of the assets and specified liabilities of its Aydin Displays Inc. subsidiary. The unit was sold to an acquisition affiliate of Sparton Corp. for a combo of cash, a 12 month hold-back of 8 percent of the upfront purchase price, and an additional potential earn-out of over $6 million based upon the potential achievement of projected levels of EBITDA being generated by Aydin Displays during the 12-month period subsequent to the August 30 closing date.

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Neonode Inc. (NASDAQ:NEON): Closing price $6.58

The optical touch tech firm said Tuesday that its board has permitted its exploration of strategic alternatives regarding its user-interface patent and licensing subsidiary. The unit’s intellectual property portfolio principally pertains to user-interface gestures utilized in a touchscreen. The board will consider a wide range of alternatives such as, but not limited to, a merger, sale, or spin-off. Chairman Per Bystedt said that, “The board of directors and management team are committed to further enhancing value for all Neonode shareholders.”

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