Broadcom Announces New Adapter Line and 4 Chip and Big Data Stocks on the Move

Intel Corporation (NASDAQ:INTC): Intel Corporation, the world’s biggest semiconductor company, will post results today amid an increasingly downbeat near-term outlook for the chip sector.

Broadcom Corp. (NASDAQ:BRCM): Broadcom Corp. has announced that D-Link, a global leader in connectivity, is now shipping a new line of Powerline Adapters powered by Broadcom innovation. Achieving superior network reliability and range with two Ethernet ports for maximum flexibility and convenience, the D-Link DHP-328AV offers consumers a low-hassle, high-value way to stream media, surf the web or connect to multiple devices like media players.

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QUALCOMM Incorporated (NASDAQ:QCOM): According to their Global Chief Executive Dr. Paul Jacobs, the United States based chipmaker, Qualcomm Incorporated, which had bagged their 4G spectrum in the 2010 auctions and sold a 49% stake in their venture to Bharti Airtel, is no longer planning to participate in future air wave sales in India. These  include spectrum auctions in new bands such as 700 MHz and 450 MHz..

ARM Holdings PLC. (NASDAQ:ARMH): Analysts at Societe Generale reissued their sell rating to ARM Holdings PLC. They currently have a $5.95 price target on their stock.

Rackspace Hosting, Inc. (NYSE:RAX): The OpenStack Summit kicks off today and San Antonio-based Rackspace Hosting, Inc. is there in force. Their OpenStack experts are giving all kinds of presentations today at the Manchester Grand Hyatt in San Diego which will run through Thursday. About 1,000 people are expected to attend the event.

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