Tech Stocks Rated While Markets Closed, Microsoft’s Event Ongoing: Tech Biz Review
Franken Monster may have closed the New York stock markets, but a number of tech ratings have been issued Monday anyway. Deutsche downgrades MetroPCS Communications (NYSE:PCS) to Hold and is beginning coverage on Spreadtrum Communications (NASDAQ:SPRD) at Buy. Credit Suisse upgrades Wipro, Limited (NYSE:WIT) to Outperform, and Citigroup raises AU Optronics Corp. (NYSE:AUO) to Buy.
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Microsoft Corporation’s (NASDAQ:MSFT) launch event is currently ongoing. Among announcements, remarks and happenings thus far (late afternoon) is word that 46 of the top 50 mobile applications will be supported by Windows Phone 8, and among those are updated versions of Twitter, Facebook, and Skype, plus next year a Pandora application that will feature a year of ad-free music. Additionally, Jessica Alba appeared to promote Windows Phone 8’s features, which include a Kid’s Corner along with a revamped People Hub for uniting contacts and social networking content.
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