Tech Business Report: Microsoft’s GIFTS To Employees, Google Glass PRAISED
Microsoft Corporation (NASDAQ:MSFT) makes a gift of Surface tablets, Windows Phone 8 devices, and Windows 8 PCs to its more than 90,000 employees, in an endeavor to boost interest in its latest products.
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Shares of AT&T Inc. (NYSE:T) and Verizon Communications (NYSE:VZ) moved down in tandem Friday following Stifel’s downgrades to Hold. Ordinarily, shares of both firms have performed well this year as their wireless margins rise because of share gains, premium pricing, and declining upgrades to smartphones.
Splunk Inc. (SPLK) sees its software gaining increased demand due to the current onslaught in the amount of machine data being generated by IT gear, which the company’s software interprets. Also seen is a potential for Splunk to boost its sales with its existing customers. Shares moved up, reaching new highs Friday, following Needham beginning its coverage with a price target of $42, and a Buy.
Google Glass (NASDAQ:GOOG) remains unfinished, but David Pogue remarks that “If there’s anything at all as different and bold” as the iPhone and iPad coming along, “surely it’s Google Glass.” Not only does he call the display glasses “an absolutely astonishing feat of miniaturization and integration”, but he also praises their touchpad controls and head-tracking ability.
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