Tech Stock Update: Verizon Communications Inc. (NYSE:VZ), United Technologies Corp. (NYSE:UTX), IBM (NYSE:IBM)

Several tech stocks could see some changes today. The following stocks should see some movement: Verizon Communications Inc. (NYSE:VZ), United Technologies Corp. (NYSE:UTX), IBM (NYSE:IBM).

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

Verizon Communications Inc. (NYSE:VZ)

Verizon Communications Inc. (NYSE:VZ)

Verizon Communications (NYSE:VZ) are currently weighing up dividend payments to Vodafone, which could be worth up to $4.6 billion. In a move to compel Vodafone to sell its stakes, Verizon Communications (NYSE:VZ) suspended dividend payments to Vodafone (NYSE:VOD) in 2005.

Analyst foresee that as Verizon Communications (NYSE:VZ) begin to pay dividends to Vodafone (NYSE:VOD), it may sell its stakes or the two companies could join to be the world’s largest mobile phone carrier.

United Technologies Corp. (NYSE:UTX)

United Technologies Corp. (NYSE:UTX)

The unit which manufactures diversified products, such as Carrier heating and air conditioning, Hamilton Sunstrand aerospace systems and industrial products, is aiming at expanding its business offering in the country.

The firm’s president, William M Brown said that UTC expects a ten-fold growth in its Indian business in the coming five years and believes that this will be attained via a combination of new offices, localizing its products for Indian customers and acquisitions.

IBM (NYSE:IBM)

IBM (NYSE:IBM)

Bharti Airtel India and IBM (NYSE:IBM) have come to terms on a new deal on IT infrastructure in Africa. The new deal, to make use of Indian Telco Bharti Airtel’s IT infrastructure in Africa, will boost the African mission of International Business Machines.

The report from IBM (NYSE:IBM) says that it hopes to ‘radically jumpstart’ its business in the African continent with the new deal.

“We expect [this] to help spark transformation not just in communications but across all sectors of society – empowering businesses, governments and individual citizens to connect, innovate and achieve economic growth,” IBM CEO Sam Palmisano said.

We could possibly see more movement as the markets continue for Verizon Communications Inc. (NYSE:VZ), United Technologies Corp. (NYSE:UTX) and IBM (NYSE:IBM).

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