3 Tech Stocks Stories Making Waves on a Busy Trading Week

Microsoft Corp. (NASDAQ:MSFT): Closing price $31.59

An investor letter says that hedge fund manager David Einhorn turned against a 7-year-old investment in Microsoft Corp. during the second quarter, while Einhorn’s Greenlight Capital Inc. underperformed in the broader market with a 1.2 percent gain, placing the fund up by 7.1 percent for 2013. The letter continued that Greenlight was active during the quarter, as it closed out several big positions, among which included the long bet in Microsoft. Greenlight first acquired Microsoft shares in 2006, but when Microsoft’s shares gained on an analyst’s upgrade, the firm elected at that time to quit the investment.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

mstt

Micron Technology Inc. (NASDAQ:MU): Closing price $12.57

Industry sources told Digitimes that disappointing sales of high-end smartphones could cause demand for NAND flash to be weaker than anticipated in the third quarter. NAND prices have fallen by around 5 percent in July and will likely continue their slide in August and September, sources said. Before this, there was optimism in the industry over NAND flash shortages caused by high demand in the third quarter, as well as the then-rising chip prices. However, end-market demand has been disappointing, the sources said. Since the start of 2013, module houses and channel distributors have been advised that the memory might be in limited supply.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

mu

Apple Inc. (NASDAQ:AAPL): Closing price $440.89

According to Paid Content and GigaOm, Apple could pay as much as $500 million in damages from the e-book price fixing scandal, in which a federal judge decided that Apple and deceased CEO Steve Jobs were the key conspirators in a scheme cooked up with publishers through which to raise prices by up to 50 percent across virtually all electronic books. The $500-million amount includes triple damages for consumer injury, the imposition of which is supposed to discourage firms from fixing prices by making it exceedingly expensive if they get busted — but the tech business is so much richer than the book business that even triple damages probably won’t deter.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

aapl

Don’t Miss: Apple to China: Only Use Genuine Chargers.