3 Tech Stock Stories for a Midweek Download

Google (NASDAQ:GOOG): Current price $908.73

On Wednesday, Google announced Hangouts, which is a new unified messaging system, available for Android, iOS, and also the web. The new application will be available today on all platforms. The new service adopts the name of one of Google’s most popular products, and supplants Google Talk, Google+ Messenger, and the original Google+ Hangout video chat service. However, the new Hangouts is a mobile messaging app, in the same territory as WhatsApp and Facebook Messenger, but with its own characteristics.

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AT&T (NYSE:T): Current price $37.61

Chief Executive Randall Stephenson revealed on Wednesday that his company anticipates far better results in its wireless unit in the second quarter, following a lackluster start to 2013. In April, the second-largest domestic mobile provider posted a net loss of 69,000 cell phone subscribers in the first quarter, igniting fears of a slowdown in the market. Expounding on the situation, Stephenson said the weak start to the year was a thing AT&T could improve on: “I don’t think we executed very well in the first quarter. It was a bit disappointing to me. You’re going to see the second quarter in mobility looking markedly better than the first quarter.”

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Amazon.com (NASDAQ:AMZN): Current price $265.36

If Amazon.com wants to become the supplier of tech to the biggest corporations on earth, it might need help. The online retailer is acquiring thousands of consulting and technology partners, such as Cap Gemini and BMC Software, in a major drive to entice big-spending corporate customers to its cloud computing business, Amazon Web Services. The latter has been popular with startups that require robust and inexpensive Web services that they can buy, as the need arises. Large corporations and government agencies — enterprise customers – represent a much bigger opportunity, as they typically spend in excess of $300 billion yearly on data centers, according to Bernstein Research.

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