Microsoft Adds New Commercial Distribution for Surface and 2 More Heavily Traded Stock to Follow
Microsoft Corp. (NASDAQ:MSFT): Current price $31.79
On Thursday, Microsoft posted on its blog that it will add new commercial distribution for the Surface tablet in 17 more countries, observing that, “This expansion continues to be via a select ecosystem of established channel partners with the precise geographical reach, tablet selling experience, and commercial value-added services capabilities to deliver the type of business experience our customers need.”
Countries in which the new channel partners will be added include the United Kingdom, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, and Switzerland. The new partners will be permitted to sell Surface Pro and Surface RT tablets, supply extended warranty and accidental damage coverage, provide onsite service and support, plus additional services.
Groupon Inc. (NASDAQ:GRPN): Current price $9.78
Groupon shares are down more than 3 percent Thursday after the news that Tiger Global Management LLC sharply cut its position in the company. The Chicago-based deals provider has lost one-half its value since an initial public offering in November 2011, although it had more than doubled in 2013 from optimism that discounts targeted to smartphone and tablet users might boost sales.
In a Wednesday regulatory filing, Tiger said that it slashed its investment by 72 percent to 18 million shares in the second quarter, which analysts interpreted as the firm seeing limited outlook for Groupon’s stock to keep rising, according to analyst Tom Forte at Telsey Advisory Group.
PulteGroup, Inc. (NYSE:PHM): Current price $15.91
PulteGroup said Thursday that hiring opportunities for its new corporate headquarters in Atlanta could surpass 300 persons. Mayor Kasim Reed, Governor Nathan Deal, and other local business leaders joined PulteGroup for the occasion at its new corporate offices at 3350 Peachtree Rd. N.E. in Buckhead, a well-heeled community of Atlanta in the summer of 2014. The location will include 101,000 square-feet of office space in the Capital City Plaza building when the company completes its transition from Bloomfield Hills, Michigan.