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iPad Mini on Deck?: Tech Weekly Recap

Tickers in this article: NFLX AMD S WDAY AAPL

NEW YORK ( TheStreet) -- Another week, another round of Apple (AAPL) product rumors.

Media reports indicate that Apple will announce its iPad Mini on Oct. 23, with invites to come out next week.

The launch venue is not yet known, but AllThingsD, which broke the story, speculates it will be Apple's Town Hall Auditorium, a much more intimate setting than the cavernous Moscone Center in San Francisco, which is often used for Apple product launches. Apple has held other events at its Town Hall Auditorium in the past, namely last year's iPhone 4S launch.

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Speculation about the device has intensified in recent weeks, with retailers reportedly setting up shelving with iPad Mini-focused accessories .

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Apple shares have come down in recent days, but some speculate that investors are just waiting to see how big a hit the iPad Mini will be , before hopping on the bandwagon again.

Apple shares lost 3.5% for the week to close Friday at $629.71.


Perhaps riding the wave of Apple's popular iPhone, Sprint (S) announced it's in discussions with Japanese mobile carrier Softbank over either a potential majority investment or outright sale of the company.

"Although there can be no assurances that these discussions will result in any transaction or on what terms any transaction may occur, such a transaction could involve a change of control of Sprint," the company said in a statement.

Sprint noted that it will not comment further on the transaction until the two parties reach a deal.

Investors reacted positively to the talks, sending Sprint up 10% for the week to close Friday at $5.73.

The Overland Park, Kan.-based telecom company also announced this week that it's offering vanity cell phone numbers , as part of a service called StarStar Me.


Netflix (NFLX) CEO Reed Hastings stepped down from Microsoft's (MSFT) board on Tuesday.

"I've decided to reduce the number of boards I serve on, so that I can focus on Netflix and on my education work," Hastings said in the statement. "I'm thrilled to have served on the board at such a pivotal time for Microsoft, including the development of Windows 8, Windows RT and Microsoft Surface, which will bring exciting new opportunities for customers and the industry as a whole."

Netflix was also the subject of Wall Street attention this week, with Morgan Stanley upgrading the stock on Tuesday, and Bank of America Merrill Lynch downgrading shares on Wednesday.

Shares of Netflix lost 3.4% for the week, closing at $64.34.


Cloud computing company Workday (WDAY) soared on its trading debut on Friday, as investors flocked to the latest technology offering.

Shares opened for trading at $48.05, a jump of 72% above its $28 offering price. For the six months ended July 31, Workday had sales of $119.5 million, up 118% ($54.8 million) from the year-earlier period. Though revenue is growing exceptionally fast, losses are also growing. Losses in the same period widened to $1.40 share from $1.27.

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