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.
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.