3 Tech Stock Stories To Start the Trading Week

Adobe Systems Incorporated (NASDAQ:ADBE): Closing price $46.49

Adobe is bailing on its Creative Suite to concentrate its focus squarely on Creative Cloud. The company first debuted Creative Suite 1 back in 2003, and is now taking a different turn, as it targets the same Pro and Pro-sumer community that Apple came to understand when it redesigned Final Cut Pro. Adobe told The Next Web that Creative Suite 6 will still be available, but it will not be updated beyond addressing bugs and OS compatibility, and, there will be no Creative Suite 7.

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ADBE

Verizon Communications (NYSE:VZ): Closing price $52.05

Some Verizon shareholders say they could be okay with the company paying as much as $130 billion for the Vodafone Group (NASDAQ:VOD) stake in their domestic wireless venture. Last week, Reuters said that Verizon had hired advisers to prepare a $100 billion cash-and-stock offer for Vodafone’s 45 percent interest in Verizon Wireless, even though a number of major Vodafone investors pronounced that figure inadequate. Two big shareholders in Verizon have told Reuters they could be comfortable with paying 20 to 30 percent more to obtain the top domestic mobile service provider, which brings 66 percent of Verizon’s revenue and virtually all of its profit.

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VZ

Microsoft Corporation (NASDAQ:MSFT): Closing price $33.75

Microsoft is now focusing like a laser beam on the car business. Group program manager of the Windows Embedded Automotive division, Pranish Kumar, says that ”the part we want to play in the future is creating a unifying experience — bringing together all the features and technologies into one common platform. But it will also provide a platform that can be easily upgraded and improved as time passes.” The company now joins the likes of Apple, BlackBerry, and Google, along with other computer industry majors, as rivals to play a more crucial role in automobiles.

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MSFT

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