Tech Five: Cisco teams up with Apple
Having already partnered with IBM, Apple will work with networking giant Cisco to push its iPhones and iPad to more businesses. Let's check out the five technology stocks to watch Tuesday.
Cisco. Shares fell 2.4% in pre-market trading after the company revealed Monday it will work with Apple to "create a fast lane" for iOS business users by optimizing Apple devices for Cisco's networks. Cisco says it will also work to integrate the iPhone into its video and voice platforms. Last year, Apple announced a partnership with IBM to create apps aimed at the enterprise market.
Apple. The tech giant is reportedly talking with Hollywood executives about creating its own entertainment content. It's not clear whether Apple would specialize in movies or TV, or choose to create both forms of content. If Apple were to start creating original movies and shows, it would compete directly with streaming services like Netflix, which surged ahead with shows including House of Cards.
Yahoo. Chief executive Marissa Mayer announced she and her husband are expecting twin girls in December. Mayer says she only expects to take "limited time away" following the twins' births. Shares of Yahoo are down nearly 3% in pre-market trading.
Samsung. The electronics giant unveiled its latest smartwatch -- the Gear S2 -- ahead of the IFA consumer electronics show in Berlin on Monday. The device includes a rotating bezel to check notifications and support for Samsung's mobile payments platform.
Google. Android Wear smartwatches will now work for iPhone users. The company launched an iOS app that lets users pair any iPhone starting with the iPhone 5 with a smartwatch running Android Wear. Only one watch -- the LG Watch Urbane -- is compatible, but Google says more devices will support iOS in the future.
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