4 Tech Stock Stories Kicking Off the Trading Week

Apple (NASDAQ:AAPL): Closing price $414.84

Brian Blair, analyst at Wedge Partners, says Apple is reducing iPhone production in the second half. In a note, Blair reported that his firm thinks the company is slashing smartphone production by 20 percent, owing to “slowing demand for high-end handsets globally,” which was recently revealed by weak sales of smartphones at rivals such as Samsung and HTC. The outlook for iPhones, which include the iPhone 4S, the iPhone 5, and the unreleased iPhone 5S, for the last six months of 2013 will now be between 90 million and 100 million versus the previous range of 115 million to 120 million, according to Blair.

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AAPL

Microsoft Corp. (NASDAQ:MSFT): Closing price $34.33

On Monday, Blue Horseshoe reported a collaboration agreement with Microsoft that includes the purchase of Blue Horseshoe’s Warehousing for AX and Transportation for AX solutions. This technology will aid Microsoft in stepping up the company’s Microsoft Dynamics AX supply chain management roadmap, with plans to make the functionality available to the wider Dynamics AX channel partner and customer community. Both WAX and TRAX are products inside Blue Horseshoe’s Supply Chain Suite for Dynamics AX; these solutions embed industry-specific functionality directly into the business layer of Microsoft’s Dynamic AX architecture, offering user-interface, identical performance, and business logic like Dynamics AX.

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MSFT

AOL Inc. (NYSE:AOL): Closing price $37.00

AOL said today that its board has okayed an additional $150 million share buyback authorization. So far in 2013, AOL has repurchased 1.4 million shares of common stock at an average price of $35.65, or $50 million in aggregate, bringing AOL’s aggregate current available authorization to $200 million. The schedule and amount of any shares repurchased will be decided by the firm’s management, and based on the company’s evaluation of market conditions, the trading price of the stock, and other factors. The  program might be suspended or discontinued at any time.

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AOL

Amazon.com (NASDAQ:AMZN): Closing price $290.59

Amazon’s Quidsi division, the home of Diapers.com and Soap.com, has seen its two co-founders exit the firm. Quidsi Chief Executive Marc Lore and Chief Operating Officer Vinit Bharara have both left the company. Through automated email replies, both executives wrote that they have “decided to leave Quidsi” and would be taking time off “before beginning the next chapter.” Future plans for the two executives were not given.

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AMZN

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