Tech Five: eBay dips after PayPal split news
How has Wall Street responded to eBay's plans to split from mobile payments service PayPal? Let's look at the tech stocks to watch Wednesday:
eBay. Shares of the online marketplace slipped 2.5% in pre-market trading after market firm Wedbush downgraded the company's stock from outperform to neutral, reports Street Insider. On Tuesday, eBay announced it would split from PayPal, resulting in two standalone companies. The deal will be complete by the second half of next year.
Microsoft. The tech giant revealed the first details on Windows 10, the next version of its PC operating system. Microsoft says Windows 10 will represent a more unified experience, available on PCs, smartphones, tablets and even the Xbox video game console. It launches in 2015.
Comcast. The cable giant introduced a cloud-based DVR system in San Francisco, reports GigaOM. The service will allow users to stream any DVR recordings from their smartphone or tablet.
Amazon. The online retailer is close to ending its battle with Disney that will once again make their DVDs available for pre-order. According to The Wall Street Journal, the two companies were fighting over pricing for Disney DVDs as well as promotion.
Google. The company unveiled a version of its Drive cloud storage service for education. Drive For Education will offer unlimited storage and Google Apps Vault access.
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