4 Tech Stock Stories Causing Tuesday Turbulence

Google Inc. (NASDAQ:GOOG): Closing price $896.57

On Tuesday, Motorola Mobility told a United States appeals court in San Francisco that a Microsoft Corp. patent that caused an import ban on its phones is the “poster child” for general ideas being applied to new devices and then labeled an invention. Attorney Charles Verhoeven of Quinn Emanuel in San Francisco said that, “Simply saying ‘on a mobile device’ is not an invention” — and that Microsoft’s patent for a manner in which phones synchronize calendars with computers is not really different from techniques employed by the failed Newton personal digital assistant of the 1990s by Apple or Microsoft’s desktop software.

Motorola Mobility ants to invalidate the patent that it admits it has infringed. The International Trade Commission in Washington issued an import ban in May last year after finding that Motorola Mobility devices infringed the patent.

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International Business Machines Corp. (NYSE:IBM): Closing price $190.99

Spokesman Jay Cadmus for the Systems and Technology Group said that it is mandating that the majority of domestic employees in its hardware business take a week off with reduced pay as the company cuts costs while demand slows for products like servers. United States hardware workers, including those involved in development and procurement, will take a furlough week with one-third pay commencing either August 24 or 31.

Meanwhile, executives in the unit will take no pay during the week. The computer-services company is reducing expenses so as to preserve profit margins as hardware revenue continues to slip. Sales in the business, which also include storage devices and microelectronics, fell by 12 percent in the second quarter year-over-year to $3.76 billion.

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DISH Network Corp. (NASDAQ:DISH): Closing price $44.91

DISH Network founder and Chairman Charlie Ergen said Tuesday that he prefers a network partnership in wireless and that T-Mobile US might be his sole option left as a purchase or merger target. In response to analyst questions on a quarterly earnings call, Ergen remarked that, “I think there’s a lot of options for us in the wireless business.”

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Neonode Inc. (NASDAQ:NEON): Closing price $7.92

The optical touch tech firm announced Tuesday that it has a design win with a top-name global PC manufacturer. The project targets the integration of Neonode’s Multisensing touch solution into the OEM’s coming PC devices. The company also has ongoing projects and discussions with other Tier One PC OEMs in regards to integrating its Multisensing tech into future PC products. Beyond that, Neonode is developing reference PC platforms together with Tier One Semiconductor OEMs.

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