Tech Stock Update: Google Inc. (NASDAQ:GOOG), Cisco Systems Inc. (NASDAQ:CSCO), Hewlett-Packard Co. (NYSE:HPQ)

Several tech stocks could see some changes today as trading continues on Wall Street. The following stocks should see some movement: Google Inc. (NASDAQ:GOOG), Cisco Systems Inc. (NASDAQ:CSCO), Hewlett-Packard Co. (NYSE:HPQ).

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

Google Inc. (NASDAQ:GOOG)

Google Inc. (NASDAQ:GOOG)

Google, Inc. (NASDAQ:GOOG) has ventured beyond its core business of search and email services with a foray into telecom.

The company announced its Gmail system will now be capable of making phone calls over the internet.

The service will thrust Google into direct competition with Skype, the Internet telephone company, and with telecommunications providers.

Cisco Systems Inc. (NASDAQ:CSCO)

Cisco Systems Inc. (NASDAQ:CSCO)

There have been a flurry of tech acquisitions recently, and it looks like Cisco Systems (NASDAQ:CSCO) may be next to the register, wanting to buy ExtendMedia.

ExtendMedia, the software based Content Management Systems [CMS] provider, can help with the complete lifecycle of a video for multiple purposes including paid monetization and ad-based businesses.

Senior vice president and general manager, Cisco’s Service Provider Video Technology Group Enrique Rodriguez said that “As the video market transitions and consumers expect multi-screen engagement, service providers are enhancing their infrastructure to manage and deliver video to any device while providing a rich user experience.”

Hewlett-Packard Co. (NYSE:HPQ)

Hewlett-Packard Co. (NYSE:HPQ)

Hewlett-Packard Co. (NYSE:HPQ) this week outbid Dell with a $1.6 billion proposal for a buyout of 3Par Inc, a data storage provider that would facilitate HP’s (NYSE:HPQ) entrance into the cloud computing arena, a source familiar with the matter told Bloomberg News.

HP said Monday that would pay more than double market value to get its hands on 3Par.

We could see more movement as the exchanges continue for Google Inc. (NASDAQ:GOOG), Cisco Systems Inc. (NASDAQ:CSCO) and Hewlett-Packard Co. (NYSE:HPQ).

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