3 Tech Stock Stories Making Waves During a Busy Earnings Week
Verizon Communications Inc. (NYSE:VZ): Closing price $50.36
At a Tuesday press conference in New York, Verizon unveiled its new line of Motorola (NASDAQ:GOOG) Droid phones. The new products include the Droid Maxx flagship, the Droid Ultra, and the Droid Mini. Pre-orders also begin Tuesday, and the devices will ship on August 20. Observers seemed to think that the the Droid Maxx was the central focus of the show. On the surface, the device is said to resemble a typical high-end handset, featuring a unibody design and 5-inch AMOLED Gorilla Glass screen, having 720×1,280-pixel resolution. Inside the device’s 8.5mm-thick construction is the Droid Maxx’s trump card, a huge 3,500mAh battery that boasts 48 hours of continuous battery life.
DISH Network Corp. (NASDAQ:DISH): Closing price $45.38
On Tuesday, a group of LightSquared’s lenders filed a reorganization plan in bankruptcy court, which should be conducive to Dish Network Chairman Charlie Ergen’s $2.2 billion bid for control of the firm’s spectrum holdings. Dow Jones Newswires reports that the Ergen-led group said the offer would fund in full LightSquared’s $1.7 billion in bank debt. Last week, the latter lost control of its own bankruptcy reorganization plan, and said it expected multiple proposals to reorganize the firm. The new proposal is intended only for LightSquared LP’s assets, which include 46 megahertz of L-Band MSS spectrum.
Splunk Inc. (NASDAQ:SPLK): Closing price $50.10
The enterprise tag management firm Tealium said Tuesday that Tealium’s digital data solution and tag management software has now been joined with Splunk Enterprise. Tealium’s solution expands the latter to permit users to collect visitor interaction data directly from websites, mobile web, and native mobile applications beyond server-side data. Uniting this with current machine data sources being collected, indexed, and analyzed in Splunk Enterprise allows users to retain insights and behaviors for complete customer analytics, and a 360-degree view of customer actions.
More Stories Recommended for You: