Rob Black's Tech Stock Report

 |  Includes: ALA, AVGO, INTC, MSFT, NT, QCOM
by: Rob Black
Intel (NASDAQ:INTC) CEO Paul Otellini may cut at least 10,000 jobs next week, or about 10 percent of the chipmaker's workforce, in his efforts to slash $1 billion in costs this year. Otellini will announce his plans on Tuesday when he discloses the results of a 90-day internal review begun in April.

Broadcom (BRCM) plans to continue to pursue U.S. federal antitrust claims against Qualcomm (NASDAQ:QCOM) in response to the dismissal without prejudice of BRCM's federal antitrust lawsuit by a U.S. District Court in New Jersey.

Alcatel (ALA) plans to acquire a portfolio of third-generation mobile phone assets from Nortel Networks Corp. (NT) for $320 million, in the latest move towards consolidation of the telecommunications equipment industry.

Several high-ranking Microsoft (NASDAQ:MSFT) executives Thursday received millions of dollars in stock awards as part of a compensation program that the company reorganized several years ago. Three years ago, as its share price stagnated, making stock options less attractive, MSFT switched from offering stock options to stock grants.

Microsoft completed the test version of its Windows Vista operating system as it works to deliver the program to consumers by January. The test version, called a release candidate, was made available to about 15,000 Microsoft customers and partners today, according to Kevin Kutz, a director in Microsoft's Windows group.