4 Tech Stock Stories Making Midweek Waves

Microsoft Corp. (NASDAQ:MSFT): Closing price $31.20

On Wednesday, Microsoft has finally made public the launch date for its Xbox One machine, set to reach retailers in 13 major territories including North America and the United Kingdom on November 22, according to The Guardian. Sony’s competing PlayStation 4 console will come to North America on November 15 and to Europe on November 29, so it seems that Microsoft has selected a more ambitious launch in the midst of its competitor’s intro period.

However, neither company has provided a certain date for a Japanese release, countering the traditions of previous console cycles in which new devices tended to debut in Japan.

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Apple Inc. (NASDAQ: AAPL): Closing price $498.69

Early on Wednesday, Cantor Fitzgerald began coverage on Apple with a Buy and a price target at $777. Analyst Brian White believes the stock is set to rally prior to its new product cycle, as he observed that, “Apple’s stock has been challenged this year and down 8-percent YTD vs. a 15-percent increase for the S&P 500 Index; however, we believe the stock is in the midst of a recovery. In our view, Apple is on the verge of an extended product cycle that we believe will include a refresh of existing products, increased penetration within existing device categories and entirely new market opportunities.”

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MGT Capital Investments, Inc. (NYSE: MGT): Closing price $4.20

MGT said that its majority-owned subsidiary MGT Interactive, LLC has bought certain assets from Gioia Systems LLC, invented and owns a proprietary method of card shuffling for the online poker market. The tech is trademarked under the name Real Deal Poker, and employs patented shuffling machines, together with permutation re-sequencing, permitting the creation of as many as 16,000 decks per minute in real time. Along with providing a higher level of realism, each deck provides an authentic randomized deal and full audit trail. Both are presently missing from random number generating algorithms.

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LiveDeal Inc. (NASDAQ:LIVE): Closing price $4.07

The publicly-traded provider of specialized marketing solutions to small local firms, which improve customer awareness and merchant visibility on the Internet, will introduce an important product development announcement that will remake LiveDeal’s present business strategy. The company is best known for migrating print yellow pages to the Internet in 1994.

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LIVE-20130904

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