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Tech Five: Sprint unveils job cuts

Brett Molina
USA TODAY
Nov. 4, 2014, 10:30 a.m. ET
The Sprint logo hangs on the side of their Fifth Avenue store in New York.

It's a rough morning for wireless carrier Sprint. Let's take a look at the five technology stocks to watch Tuesday:

Sprint. Shares of the company plunged 12.5% in morning trading after revealing it would cut 2,000 jobs. The cuts will take place over the next several months. Sprint says the cuts are part of a larger plan to slash $1.5 billion in spending.

Alibaba. The Chinese e-commerce giant saw its second-quarter revenue surge 54%, according to the company's first earnings report since they became a publicly traded company.

Priceline. Shares of the travel company dipped 7% off a tepid outlook for the current quarter. According to The Wall Street Journal, the company posted a 28% boost in earnings for the third quarter, while travel bookings surged.

Qualcomm. The chip maker reports quarterly earnings after the markets close Wednesday. Analysts predict an earnings per share of $1.31 off revenue of $7 billion during the fourth quarter, according to estimates compiled by Bloomberg.

Amazon. Customers who subscribe to Amazon Prime will now get unlimited cloud storage for photos, reports The Verge.

Follow Brett Molina on Twitter: @brettmolina23.

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