4 Tech Stock Stories Requiring Notice on Thursday

Apple (NASDAQ:AAPL): Closing price $438.46

A Thursday Bloomberg tweet said that Apple is reportedly exploring an iPhone trade-in program on used devices so as to “add sales.” Bloomberg says that this would mark the “first time” Apple has attempted something of this sort on its homepage, however, it began a program to accept iPhone trade-ins in August of last year, and would offer as much as $345 in Apple Store credit in return for a used iPhone 4 or 4S leading up to the iPhone 5 debut in September. This time, Bloomberg says its sources say that these trade-ins would be handled by Brightstar Corp., a “mobile-phone” distributor, to offer the program.

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AAPL

AT&T (NYSE:T): Closing price $35.76

The telecom has reduced its interest in America Movil by 7.5 percent, bringing around $564 million, so as to keep its investment in shape after the billionaire Carlos Slim’s firm ramped up share buybacks. The sale of shares in Mexico occurred between May 7 and June 4, according to a Wednesday AT&T United States regulatory filing. The company is still America Movil’s second-largest shareholder next to the Slim family. Repurchases in 2013 by Slim’s company, also known as AMX, have lowered its shares outstanding by around 3.7 percent.

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Tt

Microsoft Corporation (NASDAQ:MSFT): Closing price $34.95

Microsoft and the FBI, assisted by authorities in over 80 countries, have begun a massive attack on one of the biggest cyber crime rings on the planet, which is believed to have stolen in excess of $500 million from bank accounts during the past 18 months. Microsoft reported that its Digital Crimes Unit on Wednesday successfully took out a minimum of 1,000 of an estimated 1,400 malicious computer networks known as the Citadel Botnets. The latter has infected as many as 5 million PCs globally, and according to Microsoft, was employed to steal from dozens of financial institutions.

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msftt

Telecom Italia (NYSE:TI): Closing price $7.57

A possible merger between Telecom Italia and Hutchison Whampoa has been deferred until a later date, when the board of the Italian telecom postponed talking about the merger. Italy’s largest phone company has just okayed a plan to spin off its strategic fixed line network, which might assuage political fears about the asset falling into foreign hands. In a Wednesday statement, Telecom Italia reported that its board had not discussed the possible link with the Hong-Kong-based conglomerate and had decided to defer the matter “to a future meeting.”

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TI

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