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Tech Stocks in Front Line= Microsoft Corporation (MSFT), Intel Corporation (INTC)

Shares of Microsoft Corporation (NASDAQ:MSFT) ended Tuesday session in red amid volatile trading. The shares closed down -0.18 points or -0.31% at $57.24 with 20.09 million shares getting traded. Post opening the session at $57.27, the shares hit an intraday low of $56.97 and an intraday high of $57.60 and the price vacillated in this range throughout the day. The company has a market cap of $444.65 billion and the numbers of outstanding shares have been calculated to be 7.79 billion shares.

ABB and Microsoft Corp. announced a strategic partnership to help industrial customers create new value with digital solutions. Customers will benefit from the unique combination of the Microsoft Azure intelligent cloud and ABB’s deep domain knowledge and extensive portfolio of industrial solutions.

The two partners are committed to empowering digital transformation in customer segments such as robotics, marine and ports, electric vehicles and renewable energy. By selecting Microsoft Azure as the cloud for its integrated connectivity platform, ABB’s customers will now have access to an enterprise-grade cloud infrastructure that benefits from billions of dollars of ongoing investment.

“Together with ABB, we are providing industrial customers with the digital technology and cloud platform to empower every person, team and business system within an organization to glean new insights and drive faster decision making to seize new growth and opportunities,” said Satya Nadella, CEO, Microsoft.

“This partnership will provide unique benefits to our customers in utilities, industry, transport and infrastructure, building on the combined strength of Microsoft and ABB,” said ABB CEO Ulrich Spiesshofer. “Building on our installed base of more than 70 million connected devices and more than 70,000 digital control systems, the next step is to develop one of the world’s largest industrial cloud platforms.”

Shares of Intel Corporation (NASDAQ:INTC) ended Tuesday session in red amid volatile trading. The shares closed down -0.12 points or -0.32% at $37.54 with 14.39 million shares getting traded. Post opening the session at $37.77, the shares hit an intraday low of $37.33 and an intraday high of $37.94 and the price vacillated in this range throughout the day. The company has a market cap of $177.18 billion and the numbers of outstanding shares have been calculated to be 4.73 billion shares.

Intel Security launched its 2017 consumer security lineup featuring security innovations to better protect the devices people use every day against the latest threats. The centerpiece of the new portfolio is a next-generation anti-malware engine that offers more efficient and effective detection by offloading analysis to the cloud. In addition, McAfee AntiVirus Plus, McAfee Internet Security, McAfee Total Protection and McAfee LiveSafe offer key cross-device enhancements that make it even easier for users to protect their digital lives.

According to the McAfee Labs Threats Report: June 2016, new ransomware has increased 120 percent since Q1 of 2015 and more than 4.7 billion records have been stolen since 2013, highlighting the need for consumers to keep security top of mind as cybercriminals use increasingly sophisticated attack methods. With most consumers owning more than three connected devices, and the increased volume of threats, it has become critical to implement security measures to protect their data, especially as more devices are cloud-connected.

“People are enjoying more and more connected devices as part of everyday life – in their homes, in their cars and even in the things they wear,” said John Giamatteo, corporate vice president and general manager at Intel Security. “This wave of new connectivity is exciting, and a reminder that security is more important than ever. We know our customers need solutions that protect their digital lives, particularly as connectivity continues to rise and threats continue to evolve. We’re dedicated to delivering innovative products designed to protect all manner of connected devices and the people who use them. Our 2017 lineup demonstrates this level of commitment.”

 

 

 

About Anthony Davis

Anthony Davis has been a contributor on technology for us since from day one. Anthony Davis has provided his services independently. His educational background in technology has given him a broad base of writing columns on technology.

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