Tech Today: Cheering Micron, Liking Smartsheet, Defending Pure

Variants have been disclosed of the computer-chip bugs that hounded Intel and AMD in January, Micron Technology price targets zoom following its analyst day meeting, Tesla's abandoning the mass-market mission that has propped up its valuation according to the WSJ, Facebook's facing off against the EU as a top security watchdog says there will be more Cambridge Analyticas, Pure Storage shares are defended after its shares dropped on a merely in-line forecast, and Smartsheet is the pick of the litter of the late April IPO cohort.

Micron CFO: Ten Billion Dollars! Remember That!

Memory-chip maker Micron Technology's CFO wowed the crowd at the company's analyst day event in New York with news the company in September will commence a buyback of its shares ultimately reaching $10 billion. He said a dividend is not out of the question down the road.

Social Climber: Facebook Is Latest Tower Resident in San Francisco

San Francisco's skyline just got more crowded with another tech tenant. Facebook (ticker: FB) plans to join Salesforce (CRM), Alphabet's Google (GOOGL) and Microsoft's (MSFT) LinkedIn in the same neighborhood after it signed a lease Friday to rent 755,900 square feet of office space in the 43-story Park Tower.

Tech Today: Snap’s Re-redesign, Google’s 60 Minutes, Micron’s Good Times

Snap's "narrative" may be about to get less bad so it's time to unwind the short thesis on the stock according to MoffettNathanson media analyst Michael Nathanson, Micron shares are up almost 4% after the company hiked its quarterly outlook in advance of its analyst day meeting today, Alphabet shares rise despite a damning 60 Minutes segment, and virtualization software pioneer VMware has some nice trends heading into its earnings report on May 31st according to Credit Suisse.