Today's Tech Movers: Microsoft Unveils Its Tablet and Facebook Surges

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

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 (Nasdaq: FB  ) surged during today's trading, while Microsoft (Nasdaq: MSFT  ) made noise after-hours.

Facebook rebounds
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.

Source: Microsoft.

Source: Microsoft.

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 (Nasdaq: AAPL  ) -like environment. This tablet appears to be Microsoft's next step toward making Windows on tablets appealing. Likewise, while it could turn off Microsoft's PC partners, pushing the design envelope in a new direction could force them to increase their own innovation in making appealing tablet designs. Companies that own operating systems can "win" by introducing their hardware in multiple ways, so long as they increase the reach of their platform.

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 (Nasdaq: INTC  ) version and an ARM processor version powered by an NVIDIA (Nasdaq: NVDA  ) processor. The newest version of Windows is available for both processor architectures, and it looks like by releasing its tablet for both versions, Microsoft is showing its commitment to both camps from the start.

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.

Eric Bleeker owns shares of NVIDIA. The Motley Fool owns shares of Intel, Microsoft, LinkedIn, Facebook, Apple, and Google. Motley Fool newsletter services have recommended buying shares of Intel, Apple, LinkedIn, Microsoft, Google, and NVIDIA, writing puts on NVIDIA, and creating bull call spread positions in Microsoft and Apple. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (4) | Recommend This Article (6)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On June 18, 2012, at 9:25 PM, 1984macman wrote:

    The Surface is basically a tablet on training wheels. It's keyboard/cover is nothing new, but absolutely essential that it have a trackpad to permit it to mimic a portable. But why not just buy a portable, then? Yes, it can operate as a tablet, but there are relatively few (compared to the iPad) apps of worth that are out there and optimized for a tablet interface.

    I think they'll sell a fair number of these to Apple haters, but IMHO smart money will just go with a real portable, and bypass this mish-mash.

  • Report this Comment On June 18, 2012, at 10:43 PM, dastaub22 wrote:

    that's precisely why no one developed the iPad prior to Apple.

  • Report this Comment On June 18, 2012, at 11:01 PM, Resphigi wrote:

    Microsoft playing catch-up again. Expect the usual result - failure. Microsoft doesn't have innovation in its corporate DNA. The business model from the outset was to get dominating market share (DOS), let other companies take the risk of innovation and then shove second rate copies of other company's creations down the throats of consumers who were already invested in their platform.

  • Report this Comment On June 19, 2012, at 12:05 AM, bradeoneill wrote:

    I disagree, I think the keyboard is fantastic and the overall functionality of something like this makes it much better than IPad. I love typing on my laptop and the fact that it will gel so easily with my pc makes me a believer that this will be something I can buy and use. I am hoping the cloud will make it easy to load powerpoint presentations on this and make my over all load a little lighter.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1916613, ~/Articles/ArticleHandler.aspx, 10/24/2016 1:07:59 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/21/2016 4:00 PM
AAPL $116.60 Down -0.46 -0.39%
Apple CAPS Rating: ****
FB $132.07 Up +2.07 +1.59%
Facebook CAPS Rating: ***
INTC $35.15 Down -0.28 -0.79%
Intel CAPS Rating: ****
MSFT $59.66 Up +2.41 +4.21%
Microsoft CAPS Rating: ****
NVDA $67.54 Down -0.19 -0.28%
Nvidia CAPS Rating: ****