Tech Five: Google shares climbs, IBM sinks

One tech giant is on the rise, while another is sliding to close out the week. Let's look at the tech stocks to watch Friday:

Google. Shares are up 2.5% in pre-market trading after reporting a massive jump in revenue during the second quarter. Google reported $16 billion revenue, a 22% increase. However, Google loves to spend its money. Second-quarter earnings fell short of Wall Street forecasts.

IBM. Shares of Big Blue slid 1% despite beating analyst forecasts with positive revenue and net income. During the second quarter, the company reported earnings per share of $4.32 off revenue of $24.4 billion. IBM's earnings report caps a big week for the company, which reached a deal with Apple to create enterprise apps for iPhone and iPad.

Microsoft. The company's stock is quiet in early trading following the news of up to 18,000 jobs cuts planned by next year. The bulk of the cuts -- 12,500 -- will come off Microsoft's acquisition of Nokia, which the company closed in April.

Hewlett-Packard. CEO Meg Whitman has been named the company's chairman of the board. Whitman has served the top job at HP since 2011. The company also added Alcoa chairman and CEO Klaus Klienfeld to the board.

Amazon. The online retailer confirmed its Kindle Unlimited service, which provides access to more than 600,000 titles and audiobooks. It will cost $9.99 a month.

Follow Brett Molina on Twitter: @brettmolina23.