Microsoft's (MSFT - Get Report) 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. Follow @Commodity_Bull