Most Active Stocks in Tech – NASDAQ: (AAPL, MSFT, BIDU, CSCO, HPQ)
| Most Actives (dollar volume) | ||||
| Apple Inc. | AAPL | 287.94 | +9.30 (3.34%) | 263.05B |
| Microsoft Corporation | MSFT | 24.37 | +0.46 (1.92%) | 210.89B |
| Baidu.com, Inc. (ADR) | BIDU | 102.80 | +6.58 (6.84%) | 35.77B |
| Cisco Systems, Inc. | CSCO | 22.05 | +0.29 (1.33%) | 123.16B |
| Hewlett-Packard Company | HPQ | 40.86 | +0.22 (0.54%) | 92.66B |
Apple Inc. (NASDAQ:AAPL) – A possibly expensive legal claim for Apple Inc (AAPL) is in the works… As reported by the AP earlier today, “A jury in Texas has ordered Apple to pay $625.5 million for violating patents owned by a firm founded by a computer science professor. Apple Inc. is challenging Friday’s verdict from the federal court in Tyler, Texas, saying the court has not yet looked at some of its counterclaims.” (source: CreditCardOutlaw)
Microsoft Corporation (NASDAQ:MSFT) – Microsoft has been slapped with its second downgrade in two days. Sasa Zorovic at Janney Capital rates Microsoft neutral, down from a buy, in a new note, says Eric Savitz at Barron’s. He’s lowering his price target to $28 from $30. (source: BusinessInsider)
Baidu.com (NASDAQ:BIDU) – Goldman Sachs analyst James Mitchell this morning repeated his Buy rating onBaidu (BIDU), raising his price target for the China Internet search company to $105, from $90. (He needed to do something, with the stock yesterday closing at $96.22, above his old target. (source: Barrons)
Cisco Systems (NASDAQ:CSCO) – Skype today announced that it has named Tony Bates, who has been a senior VP at Cisco (CSCO), as CEO. He succeeds Josh Silverman, who is leaving the company. Silverman was previously an executive at eBay; he also co-foundedeVite. Bates joins the company at the end of October. (source: Barrons)
Hewlett-Packard Company (NASDAQ:HPQ) – Equities research analysts Gleacher & Company gave shares of Hewlett-Packard (NYSE: HPQ) a “buy” rating with a price target of $53.00 in a research note to investors on Friday after the company announced that Leo Apotheker would become the company’s new CEO, saying that the move was a “wild card” purchase. The analysts set a $53.00 price targe ton the company. (source: AmericanBankingsNews)