Kicking off with the refreshed Verizon iPhone rumors, here's a roundup of TheStreet's top technology news for this week.

NEW YORK ( TheStreet) -- Apple ( AAPL) shares were edging downward midday Friday after the company sent out a release explaining why iPhone 4 users have been experiencing service problems.

With reports of reception problems continuing to swirl around the new iPhone, Apple explained that the phones have been exaggerating signal strength and promised to fix the glitch.
iPhone

Earlier in the week, shares of Apple rose on refreshed rumors of a Verizon iPhone, after analysts and Qualcomm ( QCOM) executives alluded to the January 2011 arrival of a CDMA/4G iPhone. Qualcomm chief Paul Jacobs announced that his new chip set, designed to run both CDMA and the LTE wireless standard, would ship in early 2011, which some analysts think may fit with Apple's expansion into Asia.

Apple shares were down Friday more than a dollar to $245.39.

Cisco ( CSCO) is one of today's most active names on the Nasdaq, falling a few cents despite the company's big tablet unveiling Tuesday. Cisco announced its Cius tablet device, a Google ( GOOG) Android-powered, cloud-friendly product aimed at connecting mobile business users. However Cius, described by execs as a thin-client desktop device that can replace workers' phones and laptops/desktops, will likely not compare to - or kill - the Apple iPad.

Cisco shares were falling about 0.89% to $21.07.

In an effort to catch up with Apple and Google Android-powered partners, Samsung announced four solid smartphone contenders at a glitzy Manhattan press event Tuesday night. The Galaxy S phones, one for each major telco, feature large, redesigned AMOLED screens that provide sharp detail even in bright lights. The phones, which go on sale later this summer, are media-rich and aimed at a young gaming demographic.

In other smartphone news, Microsoft ( MSFT) killed off its short-lived Kin phones, the over-priced, social-media handsets that failed to stand up against the iPhone and the growing wave of HTC- and Motorola ( MOT)-made Android models. The death of the Kin phones, which Microsoft said suffered from low sales, could signal a much bigger, sinister theme for the software giant: Microsoft's growth ventures, including its mobile device strategy, are floundering.

Microsoft shares inched upward about 0.31% to $23.24.

Google lit up the travel software sector this week, clinching a $700 million deal to acquire flight information specialist ITA Software. The all-cash deal will help Google offer more specialized Internet travel services as well forging close relationships with ITA customers such as Continental Airlines ( CAL) and U.S. Airways ( LCC).

Both Google and ITA have already approved the transaction, although Reuters recently reported that the deal has prompted antitrust concerns in the travel industry.

Google shares dipped $1.93, or 0.44%, to $437.56 on Friday.

Tech's week ahead

As this year's FIFA World Cup winds down, tune into the TheStreet Tuesday morning, when our tech team examines how chip companies are working to improve the world's most popular game.

--Written by James Rogers in New York

Follow James Rogers on Twitter and get more stock ideas and investing advice on our sister site, Stockpickr.com.

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