Tech Five: Google Planning Big Translate Update
Google is planning a major update to its popular translation app. Let’s look at the technology stocks to watch Monday:
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Google. The tech giant will introduce a feature to its Translate app that automatically recognizes a language and translates it into written text. According to The New York Times, the app has been installed more than 100 million times on Android smartphones.
AOL. Investment firm Cowen & Co. downgraded the media company’s stock to “market perform,” reports CNBC. This follows hedge fund Starboard Value’s letter to Yahoo CEO Marissa Mayer urging the company to scoop up AOL.
Intel. The chip maker will report fourth quarter earnings after the markets close Thursday. Last week, during the International Consumer Electronics Show, Intel announced it will invest $300 million in diversifying its workforce by 2020.
Netflix. The streaming media giant will join television makers Sony, Samsung, Panasonic and others in an UHD alliance which will set standards for 4K content, reports The Verge.
Samsung. The electronics company unveiled the Galaxy A7 smartphone, which boasts two quadcore processors and a 13-megapixel camera. No details were offered on pricing or release date.
