5 Tech Giants to Watch

Apple Inc’s (NASDAQ:AAPL) stock surged around 1.17 percent on Tuesday after the world’s biggest company declared that it has never worked with the United States National Security Agency to offer backdoor access to any of its products, comprising the iPhone.

Apple said in a statement on Tuesday, following charges by researcher Jacob Appelbaum that the NSA gathers data from iPhones, comprising text messages, contact lists, voicemails and location data.

Apple spokeswoman Kristin Huguet said that they have been unaware of this alleged NSA plan targeting their products.

On the other hand, Google Inc’s (NASDAQ:GOOG) Executive Chairman Eric Schmidt declared that missing the hike of social media was the major mistake he made at the world’s biggest search-engine operator.

Schmidt led the Mountain View, California-based Google as CEO from 2001 until 2011 when he became executive chairman, during which time Google went public and became a go-to site for search and advertising.

Hewlett-Packard Company (NYSE:HPQ) announced that it is in advanced talks to resolve inquiry by the United States Justice Department and SEC into potential acts of bribery in foreign countries.

The computer maker declared in a filing that the Government agencies carry on looking into possible violations of the Foreign Corrupt Practices Act in Poland, Russia, Mexico and other countries. HPQ had uncovered the probes in June.

Shares of International Business Machines Corp’s (NYSE:IBM) surged on Tuesday as the world’s biggest provider of computing services has not convinced investors that it can pull out of a sales drop, sending the stock to its first yearly drop since the financial crisis in 2008.

Netflix, Inc’s (NASDAQ:NFLX) stock hiked around 0.32 percent to settle at $368.17. The company has market capitalization of $21.82 billion and its shares traded in the range of $90.69 to $389.16 during last 52 weeks period.

source: Steve Grey for http://www.investorwired.com; image: http://www.coldscoop.com

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