Technology Stocks to Watch on Wednesday: MSFT, NOK, ORCL, and FB

Not to be outdone by Apple’s update of its much anticipated iPhone 5 announcement, some other technology companies including Microsoft/Nokia and Google, which will both unveil their latest product, are expected to be actively traded in Wednesday’s session.

Microsoft [NYSE: MSFT] and Nokia [Nasdaq: NOK] are said to host an event at 10 a.m. ET today, which is to feature the next line of Nokia’s Lumia smartphone built for the new Windows Phone 8 mobile operating system. As  Apple and Google’s Android platforms seem still unbeatable, some say the Windows platform may be able to grab some additional share in the smartphone market by taking advantage of the struggling Research in Motion of Blackberry.

Oracle [NASDAQ: ORCL] said Tuesday after the market closed that it will resume its database and application software on Hewlett-Packard Itanium servers. It follows a lawsuit in which the software giant had announced earlier it would drop support for HP’s up-to-date servers based on the Intel Itanium chip.

Facebook [NASDAQ: FB] CEO Mark Zuckerburg indicated he has no intention to sell any of his stock holdings of the social network for at least a year. Two directors of the company, Marc Andreessen and Donald Graham, will both sell shares but only to settle tax obligations.

Google’s [NASDAQ: GOOG] newly acquired Motorola unit is expected to release its latest Android devices on Wednesday afternoon. Motorola is next to Samsung as the second largest Android phone maker.

Guidewire Software Inc. [NYSE: GWRE] shares soared nearly 15% after the insurance software maker reported a higher-than-expected fiscal fourth-quarter profits, which was led by gains in service revenue.

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