Tech Stock Wrap: Nokia SQUASHES Microsoft Phone Rumors, Google’s Project Glass
Nokia (NYSE:NOK) CEO Stephen Elop says that rumors that Microsoft (NASDAQ:MSFT) intends to produce its own smartphone, are unfounded, commenting to the Finish newspaper Kaleva that the other firm has “made a clear decision with Nokia”. Microsoft executive Greg Sullivan also denied the speculation, in an interview with Information Week.
Shares of Unisys (NYSE:UIS) soar following word that the firm has received a services contract from the Department of Homeland Security, with a potential value of $3 billion, over as many as 5 years. The contract includes a 2-year base period plus three one-year options exercisable by the Department.
News revealed at the Google (NASDAQ:GOOG) I/O later in the day includes the intro of Project Glass – the first glasses will be priced at $1,500, to be shipped in 2013; word that the Nexus Q can be controlled by Android devices, employs a Texas Instruments (NYSE:TXN) OMAP processor, but doesn’t so far support Netflix or Hulu; and that Google+ currently boasts 150 million monthly users and 75 million daily users.
Don’t Miss: Google’s Answer to the iPad: TRIAL by FIRE.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.