Market Minute: Microsoft Resurfaces Its Tablet; Smartphone Wars Wage On

Microsoft says try, try again, and this could be a big day in the smartphone wars. Those stories and more are what's in Monday's Market Minute.

All of the major averages rose last week, even though the gains were trimmed by Friday's selloff. For the week, the Dow Jones industrial average (^DJI) added half of one percent, while the Standard & Poor's 500 index (^GPSC) and the Nasdaq composite index (^IXIC) both gained more than 1 percent.

The big change to the 30 components of the Dow industrials takes effect today. Nike (NKE), Goldman Sachs (GS) and Visa (V) get added in; Alcoa (AA), Hewlett-Packard (HPQ) and Bank of America (BAC) drop out of the blue chip index.

Jeff Chiu/AP
Microsoft (MSFT) is set to try again to crack the tablet market. It's expected to unveil the Surface 2, despite the underwhelming performance of the original models. It controls just 4 percent of the global market for tablets.

We're keeping an eye on BlackBerry (BBRY) again, after it tumbled late Friday. The company's effort to revive its smartphone franchise is apparently failing. It warned that it will write-off the value of nearly $1 billion worth of inventory of its new touchscreen phones, as sales plunged.

On the other hand, AT&T (T) says it expects record smartphone sales in the current quarter. And Apple (AAPL) is expected to report that its two new smartphone models sold out during their first weekend of availability, even though supplies were said to be limited.

Lockheed Martin (LMT) has won a 4 billion contract to supply equipment to the Pentagon and to the United Arab Emirates. The award is for a missile defense system designed to intercept ballistic missiles. Lockheed says several other U.S. allies have also expressed interest in the system.

And Orbital Sciences (ORB) was forced to delay Sunday's planned rendezvous of its unmanned cargo capsule with the space station due to a software problem. Orbital has spent about $500 million to become NASA second space delivery service. It now expects to complete the mission Tuesday.

-Produced by Drew Trachtenberg.

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We replaced an ipad with a Dell XPS-10 tablet, with Windows 8. It does so much more than the ipad ever dreamed of.

September 23 2013 at 3:14 PM Report abuse rate up rate down Reply

Ha Ha Ha Ha Ha Ha.........

September 23 2013 at 2:44 PM Report abuse rate up rate down Reply
mike at home

Apple is not the competator but Google is with their chrome book .

September 23 2013 at 1:00 PM Report abuse rate up rate down Reply

I just discovered another particle. It orbits the electron and is the source of magnetism.
Still haven't given it a name yet.

September 23 2013 at 12:31 PM Report abuse rate up rate down Reply

RE: Microsoft planning to introduce new technologies: This competition among the "Techno giants of the world," seems to be turning out new gadgets like a donut shop production line. Not that it is bad for business, but it is not easy to get on the fast technology train and expect a comfortable ride. I just leaped to windows eight and have scratched my head bald trying to use all the "Doohickeys it provides”. My new smart phone just lies there collecting dust with a battery that seems to last only a minute or two. My hats off to you young folks who grew up in the computer age, I did not, my high tech was either a crystal radio or one of those new AM radios.

September 23 2013 at 11:56 AM Report abuse rate up rate down Reply

I have a Surface that I got for school. I really like it for using Office, internet browsing, and watching movies. It's a better working Tablet than the iPad. The biggest problem is the availability of apps. App publishers are simply not flocking to the Surface tablets. And Kindle textbooks, which you can read on an iPad or Android tablet, are not readable on the Surface. But it is a good working Tablet, and I can play Candy Crush Saga on Facebook with it. The price tag on it is more appealing than the iPad as well. I have an iTouch and Android phone, so usually what my Tablet doesn't do one of those two will

September 23 2013 at 11:04 AM Report abuse rate up rate down Reply

When I shopped a tablet people were flocking to the Samsungs and a few other models and chewing their arms off to escape the salesman hawking the Surface. 5 minutes of using it on the demo shows why. No more free ride on your name alone.

September 23 2013 at 10:44 AM Report abuse rate up rate down Reply

These are the same people that screwed us with Vista, 7 & 8, charge us over $100 to buy Office rather than put on new computer! No thanks, I'll go Apple. :)

September 23 2013 at 9:49 AM Report abuse rate up rate down Reply