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Shares of Apple (NASDAQ:AAPL) edged slightly higher in late afternoon trading, despite closing in the red more than 1 percent on Monday. A major Apple investor told Fortune that he had heard from “multiple sources” that invites will be sent out on October 10 for an iPad Mini media event scheduled for Wednesday, October 17.
Oracle (NASDAQ:ORCL) shares climbed higher after closing in positive territory on Monday. At a customer conference in San Francisco, Oracle CEO Larry Ellison announced that the company will be adding infrastructure as a service to its Oracle Public Cloud. Oracle’s computing on demand services are quickly taking aim at those offered by Amazon (NASDAQ:AMZN) and Google (NASDAQ:GOOG).
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Facebook (NASDAQ:FB) shares attracted heavy attention as the company’s chief operating officer, Sheryl Sandberg, sat down with CNBC to discuss the future. She says Facebook is disappointed with what happened in the initial public offering, but “We’re taking that energy and really focusing on proving to the world that we can continue to grow our business, continue to grow our users and their engagement, and build a great company, not just for a quarter, but hopefully for decades and decades.”
Shares of Microsoft (NASDAQ:MSFT) fell nearly 1 percent on Monday and remain in focus during late afternoon hours. Some tablets running the company’s new Windows 8 operating system are being delayed due to Intel (NASDAQ:INTC) not delivering software that conserves computer battery life on time. Bloomberg reports, “Microsoft hasn’t yet approved any tablets featuring an Intel processor code-named Clover Trail because the chipmaker hasn’t produced necessary power-management software, said the person, who asked not to be named since the process is private.”
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