Tech Stock Update: 3M Company (NYSE:MMM), Hewlett-Packard Co. (NYSE:HPQ), IBM (NYSE:IBM)

Several more tech stocks could see some changes today. The following companies should see some movement: 3M Company (NYSE:MMM), Hewlett-Packard Co. (NYSE:HPQ), IBM (NYSE:IBM).

Here is a more detailed look at stories affecting the firms’ stock prices.

3M Company (NYSE:MMM)

3M Company (NYSE:MMM)

Remote tech company Attenti Holdings S.A. has been bought by 3M Company (NYSE:MMM). The acquisition of the remote people monitoring technology supplier is said to be for an amount of $230 Million in cash.

The newest deal is expected to help 3M Company (NYSE:MMM) lead the market in Global Positioning Systems [GPS], high growth electronic offender monitoring and radio frequency technology.

The purchase will also help 3M Company (NYSE:MMM) to enter and have a firm foothold in the Israel market.

Investors expect a significant growth with the acquisition process.

Hewlett-Packard Co. (NYSE:HPQ)

Hewlett-Packard Co. (NYSE:HPQ)

Hewlett-Packard Co. (NYSE:HPQ) shareholders faces may have smiled to hear that the company has authorized a $10 billion stock buyback, and that $3 billion of that could happen this quarter.

But investors shouldn’t get too excited.

Share buybacks are a mixed bag. Though they boost a stock’s EPS and investor confidence, it’s also a subtle signal that the company doesn’t want to invest in its operations, effectively making a buyback a one-time bonus for shareholders, not a good omen of a better future for the company.

IBM (NYSE:IBM)

IBM (NYSE:IBM)

International Business Machines Corp. (IBM) has released details of its new cutting-edge mainframe chips that can process information at record-breaking speeds, according to the company, which said it spent more than $1.5 billion on research and development for the new technology.

The chip will go into business applications which need to manage large amounts of data and transactions.

Expect more movement as the stock markets continue for 3M Company (NYSE:MMM), Hewlett-Packard Co. (NYSE:HPQ) and IBM (NYSE:IBM).

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