Tech Stocks in news: Google Inc. (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT), Oracle Corporation (NYSE:ORCL), International Business Machines (NYSE:IBM), Cisco Systems (NASDAQ:CSCO)

Google Inc. (NASDAQ:GOOG) is reportedly in talks to buy the curated playlist site for $15 million. Songza is a 6-year-old music curation and streaming service based in Long Island, New York. Google Inc. (NASDAQ:GOOG) weekly performance is -0.64%. On last trading day company shares ended up $556.33. Google Inc. (NASDAQ:GOOG) distance from 50-day simple moving average (SMA50) is 3.15%.

Microsoft Corporation (NASDAQ:MSFT) has finally acknowledged that Xbox One will work faster without the Kinect, following a great deal of speculation over the previous few months on the issue. Microsoft Corporation (NASDAQ:MSFT) shares advanced 0.66% in last trading session and ended the day on $41.48. MSFT gross Margin is 70.10% and its return on assets is 15.10%.Microsoft Corporation (NASDAQ:MSFT) quarterly performance is 10.23%.

Oracle Corporation (NYSE:ORCL) has become a part of Opendaylight project. It is an open source platform providing advance SDN and NFV. Oracle Corporation (NYSE:ORCL) shares moved up 1.26% in last trading session and was closed at $42.63, while trading in range of $42.25 – $42.63. Oracle Corporation (NYSE:ORCL) year to date (YTD) performance is 12.10%.

International Business Machines Corp. (NYSE:IBM) said the U.S. Securities and Exchange Commission doesn’t plan to recommend enforcement action against the company after probing how it reports revenue from offsite cloud services. International Business Machines Corp. (NYSE:IBM) ended the last trading day at $186.37. Company weekly volatility is calculated as 0.91% and price to cash ratio as 19.44.International Business Machines Corp. (NYSE:IBM) showed a positive weekly performance of 1.09%.

The announcement that Cisco Systems Inc. (NASDAQ:CSCO) is boosting its Triangle workforce by 550 jobs was praised Friday by company and state officials as a sign of the region’s economic strength. However, the state’s willingness to make Cisco eligible for up to $12.9 million in performance-based incentives was cited by advocates as another example of a continuing preference and deference to the two largest metro areas. Cisco Systems, Inc. (NASDAQ:CSCO) net profit margin is 16.70% and weekly performance is 0.85%. On last trading day company shares ended up $24.83. Analysts mean target price for the company is $25.43. Cisco Systems, Inc. (NASDAQ:CSCO) distance from 50-day simple moving average (SMA50) is 6.15%.

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