Tech Five: HP spinoff on track for November

Personal computer maker HP has confirmed the date of its planned spinoff into two companies. Let's look at the technology stocks to watch Wednesday:

Hewlett-Packard. Shares are up nearly 1% in pre-market trading after CEO Meg Whitman confirmed the split of its computer and printer businesses from its hardware and service operations will take effect November 1, reports Reuters. HP announced the split last October.

Amazon. The online retailer says it will offer free shipping on items under 8 ounces and that cost $10 or less. Users will not be required to subscribe to Amazon Prime to earn free shipping on smaller items.

Apple. CEO Tim Cook blasted competitors in Silicon Valley for their approach to privacy during a recent speech in Washington, reports TechCrunch. Although Cook didn't name any companies, he accuses them of "lulling their customers into complacency about their personal information."

Sony. The company's mobile division is cutting 1,000 jobs in Sweden as part of a reorganization, reports TechCrunch. The changes take effect next April.

Gamestop. The video game retailer announced it will acquire Geeknet, which owns the collectible and apparel online shop Thinkgeek. The deal values Geeknet at $144 million.

Follow Brett Molina on Twitter: @brettmolina23.