The Greek elections avoided a worst-case scenario but weren't enough to lift the Dow Jones today, as the index fell 0.20%. However, it was a different story in tech, as the Nasdaq hopped 0.78%. Let's take a look at two companies making moves today. Facebook
After stumbling all the way down to $25.52, Facebook has staged a rebound across the past week. Today the company once again saw a large jump, with its shares climbing 4.65% despite turning negative shortly after the opening bell. In general, it was a pretty good day for recent Internet IPOs. Groupon soared 10.8% after analysts defended the company -- a position I disagree with -- and LinkedIn saw its own 3.1% gain. Many high-growth companies have been sold off in recent weeks, so positive chatter around their growth prospects along with the Greek election pushing down fear in the market -- the VIX was down 13% -- led to strong gains.
Microsoft unveils its tablet response
At a 6:30 PM EDT press conference, Microsoft took the wraps off its new tablet. It's called Surface, a name the company had previously used for a much larger table-sized tablet platform. This time Surface is far more compact, with a 10.6" screen and weighing in at 1.5 pounds.
The key feature is a full multitouch keyboard that doubles as a cover. Microsoft believes this feature will draw in those who want more PC functionality out of their tablet.
In the past, Microsoft has been loath to move on to the hardware side and risk offending its varying partners. However, the company has also been doing more heavy lifting in showing off varying PC designs. A new commercial series featured homes being remade into PC stores with different models, and Microsoft has even gone as far as creating stores that show off different PC designs in a more Apple
Time will tell whether consumers take to Microsoft's tablet, but the odds are stacked against it at the start. While Google has been able to take large amounts of market share in smartphones, the iPad's aggressive pricing has kept any comparatively priced Android tablets from competing. Microsoft didn't announce a price, but it said prices will be comparable with tablets based on ARM Holdings chips.
One interesting wrinkle is the tablet will be available with both an Intel
The mobile revolution: the future of tech
If you've been stunned by the growth of mobile devices like tablets and smartphones and want to discover a better way to profit from the trend of a lifetime, we've compiled a free report named "The Next Trillion-Dollar Revolution," which not only describes why the mobile revolution will dwarf any other technology revolution seen before it, but also names another idea -- not named Apple -- at the forefront of the trend. Hundreds of thousands have requested access to previous reports, and you can access this new report today -- it's free.