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Microsoft Surface Tablet Goes on Sale

What's Happening with MSFT: Microsoft set the starting price for its new tablet computer at $499, following the lead of Apple's (AAPL) iPad while undercutting pricing of some of the software giant's allies. The Microsoft Surface tablet goes on sale on Friday. The least expensive of tablets matches the entry-level price of the latest iPad but has twice the memory. That Surface model doesn't come with a cover that doubles as a keyboard and has been featured prominently in Microsoft's marketing of the device. Microsoft may have sold out of the initial run of the $499 version of its Surface tablet, according to ordering information on the company's website. The device was offered recently for a limited number of early orders ahead of the October 26 release. Microsoft's orders site has gone from guaranteeing the $499 model for delivery by October 26 to requesting that customers "order now for shipment within three weeks," indicating the first batch has sold out.

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Marissa Mayer to Discuss Plans for Yahoo

What's Happening with YHOO: Yahoo will report earnings for the third quarter after the market close on Monday. Yahoo's earnings are likely to be overshadowed, however, by new CEO Marissa Mayer's first public discussion about her plan to turn around the long-struggling Internet company. The latest quarterly report will provide Mayer with a platform to elaborate on her strategy. In a surprise move, Yahoo announced Mayer's hiring the day before its second-quarter earnings came out in mid-July and she didn't participate in the company's review of those results. Analysts project earnings of 26 cents per share on revenue of $1.08 billion, after subtracting Yahoo's ad commissions. The company earned $293 million, or 23 cents per share, on net revenue of $1.07 billion a year ago.

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Starbucks Opens Cafe in India

What's Happening with SBUX: Starbucks recently opened its first café in one of its last untapped markets, India. Starbucks, which has operations in 61 countries, has been looking at India for almost five years now. This January, the company entered into a joint venture with Tata Global Beverages, a unit of the Tata Group conglomerate, which owns Eight O'Clock Coffee in the U.S. At the time, Starbucks said the two companies would start with an investment of $80 million, adding more funds as needed, and that it would aim to open its first store in July or August. But the company is behind schedule and has said it won't disclose the number of stores it eventually plans to open in India. But it will open two more cafes in Mumbai this week, including one at the Taj Mahal Hotel & Palace.

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Coach to Report Earnings Tuesday

What's Happening with COH: Coach will let earnings for the first quarter of fiscal 2013 out of the bag on Tuesday after the market close. The consensus is for earnings of 75 cents per share, up 2.7% from a year ago when Coach reported earnings of 73 cents per share. Despite not changing over the past month, the consensus estimate is down from three months ago when it was 86 cents. Analysts are projecting earnings of $3.85 per share for the fiscal year. Revenue is expected to be $1.16 billion for the quarter, 10.4% higher than the year-earlier total of $1.05 billion. For the year, revenue is projected to roll in at $5.31 billion.

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Altera to Announce Third Quarter Earnings

What's Happening with ALTR: Altera will step into the earnings confessional after the market close on Tuesday. Analysts are expecting the company to come in with earnings of 46 cents per share, down 19.3% from a year ago when it reported earnings of 57 cents per share. The consensus estimate remains unchanged over the past month, but it has increased from three months ago when it was 44 cents. Analysts are projecting earnings of $1.79 per share for the fiscal year. Analysts look for revenue to decrease 7.5% year-over-year to $483.2 million for the quarter, after being $522.5 million a year ago. For the year, revenue is expected to come in at $1.83 billion.

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