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Tech Five: Shares of Gogo plummet

Brett Molina
news
A Gogo logo is shown on the GogoOne Test Plane.

Shares of in-flight Internet service Gogo are diving in early trading. Let's take a look at the technology stocks to watch Monday:

Gogo. The company's stock price plunged more than 8% in pre-market trading after reporting quarterly losses wider than Wall Street anticipated. According to CNBC, Gogo reported a loss of 29 cents per share.

Rackspace. The cloud computing company will report third quarter earnings after the markets close Monday. Rackspace is forecast to report an earnings per share of 16 cents off $458 million in revenue.

Apple. The tech giant has finally released a fix for lost texts sent through iMessage. The problems affect users who have replaced their iPhones with Android or Windows smartphones. Apple will now allow users to deregister their phone number through their website.

BlackBerry. CEO John Chen says he sees a future for the smartphone maker with far fewer devices. In an interview with Reuters, Chen says his priority is reaching and maintaining profitability for BlackBerry, which has struggled to make an impact in the fiercely competitive smartphone market.

Microsoft. Xbox chief Phil Spencer recently confirmed via Twitter that the company formally completed its acquisition of hit game Minecraft. Microsoft scooped up Minecraft for $2.5 billion.

Follow Brett Molina on Twitter: @brettmolina23.

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