3 Tech Stock Stories For a Thursday Download

Google (NASDAQ:GOOG): Current price $810.67

The European Union’s antitrust agency said on Thursday that Google is offering huge concessions on the way it displays its search results in Europe, among which include an improved labeling of its own promoted content and displaying links to its rivals, so as to deflect worries it might be overdoing its dominant market position. The company’s search engine, which constitutes the world’s most influential access to online information and commerce, holds a near-monopoly in Europe, prompting the EU Commission to have been looking into whether Google is unfairly stifling competition. It identified out a number of areas that Google is now trying to fix through the proposed concessions.

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GOOG

Apple (NASDAQ:AAPL): Current price $410

In its 10-Q filing with the U.S. Securities and Exchange Commission this week, it was revealed that Apple reduced the number of its retail store employees by 5 percent in the March quarter,  while concurrently raising its store count. From January to March 30, the firm said that it slashed its retail head count by 2,100 employees to 42,600 between its fiscal first and second quarters. Analyst Steven Milunovich at UBS commented in a Thursday research note that ”this appears to be the first real head count reduction in its retail strategy, perhaps aiming to reverse the slump in store profitability. Although some post-holiday staff reductions are to be expected, the magnitude of the head count decline is unusual. The number of retail employees per store has now retraced to levels last seen in 2009.”

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AAPL

Advanced Micro Devices (NYSE:AMD): Current price $2.70

On Thursday, the company announced that its AMD Developer Summit 2013, “APU13,” will be held from November 11-14 in San Jose at the McEnery Convention Center. It is predicted that the firm’s third annual developer summit could draw the architects and pioneers of the heterogeneous computing era, software development and tools, spanning silicon design, academia, and emerging technologies. In previous AMD developer summits, the formation of the Heterogeneous System Architecture Foundation occurred in 2012 and the Microsoft announcement of C++ AMP came forth in 2011.

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AMD

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