This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Apple, Microsoft, Clearwire: Tech Winners & Losers

NEW YORK ( TheStreet) -- Shares of Apple (AAPL) shares rose after the company sent out invites for a media event on Oct. 23 earlier this afternoon.

The event, which is being held at The California Theater in San Jose, Calif., is expected to feature the launch of a smaller version of the company's iPad tablet product, the so-called iPad Mini, as well as several potential product line refreshes.

The tagline on the invite is "We've got a little more to show you." TheStreet plans to attend the event next week and provide live coverage.

The iPad Mini is anticipated to be a 7.85-inch tablet vs. the 9.7-inch form factor for the iPad. Apple could also unveil new MacBook Pros, a new iMac and a new Mac Mini.

The stock was up 2.4% to $649.72 in recent trades with volume exceeding 17 million.


Microsoft's (MSFT) stock was down slightly after the pricing details for its Surface tablet product were leaked and then confirmed by the company itself.

Without a Touch Cover, the 32 gigabyte version of the Surface tablet will cost $499. If you want the cover, it's an additional $100. A 64 gigabyte version of the Surface bundled with a cover will cost $699. The 64 gigabyte version of the new iPad costs $699 as well.

Microsoft plans to begin selling the Surface on Oct. 26, three days after Apple's iPad Mini event. The stock was down a penny at $29.50 in late trades.

MKM Partners, which has a neutral rating on Microsoft, also previewed the company's quarterly report Tuesday, saying "We believe investors are braced for a difficult quarter in front of Windows 8 launch on October 26 given underlying PC weakness." The firm reiterated its neutral call, lowered earnings estimates and trimmed its price target on the Dow component to $32 from $35.


Clearwire (CLWR) shares lost more than 17% after a report indicated the deal between Sprint (S) and Softbank is unlikely to lead to a buyout of Clearwire, which is majority-owned by Sprint.

Citing undisclosed people familiar with Sprint's thinking, Bloomberg said Sprint has "no immediate plans" to acquire the rest of Clearwire and that the top priority is closing on the $20.1 billion investment from Softbank, a process that's expected to take six to eight months.

Interested in more on Clearwire? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,260.75 -18.99 -0.11%
S&P 500 2,002.55 -7.85 -0.39%
NASDAQ 4,551.6150 -28.1740 -0.62%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs