Stocks In News: Hewlett-Packard Company (NYSE:HPQ), Oracle Corporation (NYSE:ORCL), Cisco Systems, Inc. (NASDAQ:CSCO), International Business Machines Corp. (NYSE:IBM), Lenovo Group Limited (ADR) (OTCMKTS:LNVGY)

Technology Stocks News 10

Hewlett-Packard Company (NYSE:HPQ) has released its own OpenStack distribution, called Helion, and, like Red Hat, plans to offer deployment and hosted services around the cloud software. Both companies are also building partner networks that will use these OpenStack distributions in products and services for specific industries or geographical areas. Hewlett-Packard Company (NYSE:HPQ) stock performance was -0.57% in last session and finished the day at $34.71. Traded volume was 6.35million shares in the last session and the average volume of the stock remained 12.67million shares. The beta of the stock remained 1.50. Hewlett-Packard Company (NYSE:HPQ) insider ownership is 0.08%.

Reportedly, Oracle Corp. (NYSE:ORCL) is planning to acquire MICROS Systems ( MCRS ) for approximately $5.0 billion. However, neither of the companies has confirmed the deal as yet. Shares of MICROS surged 14.9% ($8.62) to $66.33 following the news. Oracle Corporation (NYSE:ORCL) rose 1.16 percent to $42.81 Wednesday on volume of 10.31million shares. The intra-day range of the stock was $42.30 to $42.86. Oracle Corporation (NYSE:ORCL) has a market capitalization of $190.88billion.

Cisco Systems, Inc. (NASDAQ:CSCO) announced on June 17, the acquisition of privately held Tail-f Systems for $175 million in cash. The deal is set to close in the fourth quarter of Cisco’s fiscal 2014 year. With the acquisition of Tail-f, the Cisco product portfolio gains some much-needed device and network configuration management solutions. Cisco Systems, Inc. (NASDAQ:CSCO)’s stock on June 18, 2014 reported a increase of 0.53% to the closing price of $24.63. Its fifty two weeks range is $20.22 -$26.49. The total market capitalization recorded $126.01billion. The overall volume in the last trading session was 24.72million shares. In its share capital, CSCO has 5.12billion outstanding shares.

International Business Machines Corp. (NYSE:IBM) in January bowed out of the low-end server business by selling it to Lenovo Group Ltd. Hewlett-Packard Co. (HPQ:US)’s sales of servers and storage systems have been declining (HPQ:US) since 2011. On Wednesday, shares of International Business Machines Corp. (NYSE:IBM) advanced 0.74% to close the day at $183.60. Company return on investment (ROI) is 26.40% and its monthly performance is recorded as -1.82%. International Business Machines Corp. (NYSE:IBM) quarterly revenue growth is -0.02%.

Google is now in the process of selling the business to Lenovo Group Ltd. Limited (ADR) (OTCMKTS:LNVGY) for $2.91 billion. Lenovo Group Limited (ADR) (OTCMKTS:LNVGY) stock performance was -0.54% in last session and finished the day at $25.75. Traded volume was 24,782.00million shares in the last session. The beta of the stock remained 0.74.

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