Tech Stock Update: Microsoft Corporation (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL)
Several tech stocks could see some changes today. The following listed companies should see some movement: Microsoft Corporation (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG) and Apple Inc. (NASDAQ:AAPL).
Here is a more detailed look at stories affecting the firms’ stock prices.
Microsoft Corporation (NASDAQ:MSFT)
The software giant will look to build on steadily increasing revenues, driven by business users and personal computer owners upgrading their operating systems and office software.
Software sales, especially OS upgrades, were hit hard during the financial slowdown, as companies looked to save money from their budget lines.
Analysts predict a net income of 46 cents per share on $15.27 billion in revenue.
Google Inc. (NASDAQ:GOOG)
The company spent $1.34 million on lobbying costs in the quarter, and stayed on target to beat its previous total for a financial year of $4 million.
The $1.34 million is a 40% increase from the same period last year, and shows that the search giant is not afraid to spend in order to influence lawmakers and regulators.
Apple Inc. (NASDAQ:AAPL)
Many have termed the recent meteoric rise of Apple Inc. (NASDAQ:AAPL) shares as a self-contained dotcom bubble, however taking another look at their Q3 numbers shows a different story.
The headlines mostly point to their 78% increase in Q3 net income, boosted by its iPad and iPhone 4 launches, however the key to Apple Inc. (NASDAQ:AAPL)’s success is based upon revenue.
Over the past 18 months many tech companies have faced stagnant or falling revenues due to the economic slowdown, but Apple Inc. (NASDAQ:AAPL) bucked this trend, with a 61% increase in the quarter and a promise of more to come from their CEO, Steve Jobs.
Expect more movement as the stock markets continue for Microsoft Corporation (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG) and Apple Inc. (NASDAQ:AAPL).


