Technology Shares Up Amid Earnings Optimism -- Tech Roundup
10 Julio 2018 - 4:35PM
Noticias Dow Jones
Shares of technology companies were higher amid earnings
optimism. The European Union's antitrust watchdog is expected to
find Alphabet Inc.'s Google illegally abused the dominance of its
Android operating system for mobile phones, issuing a
multibillion-euro fine and ordering changes to the company's
Android-related business practices, people familiar with the matter
said. Microsoft Corp. is cutting prices on its Surface devices,
introducing a $399 tablet to compete with Apple Inc.'s
least-expensive iPads. Xiaomi shares soared, as the prospect of
rapid inclusion in key indexes helped make up for the Chinese
smartphone-maker lackluster market debut a day earlier. Several
major stockholders of an affiliate of Dell Technologies Inc. have
misgivings about a bid to buy them out, potentially complicating
the PC and data-storage giant's plan to return to the public
markets. Holders of at least 10% of DVMT shares, which track Dell's
controlling stake in VMware Inc., are disappointed with terms of
the deal announced last week and may oppose it, according to people
familiar with the matter. The holders include several teams at
investing giant BlackRock Inc., as well as Farallon Capital
Management LLC and Canyon Capital Advisors LLC. A year after going
public with the backing of venture-capital firms, cloud-storage
business Tintri Inc. filed for bankruptcy protection Tuesday and
put its business up for sale, immediately drawing a bid from a
data-storage supplier.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
July 10, 2018 17:20 ET (21:20 GMT)
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