Intel Corporation (NASDAQ:INTC) and Digital Keystone will partner with Zenverge in order to develop a powerful hybrid gateway reference platform which should be able to stream high-quality broadcast TV content to smartphones, smart TVs, tablets and game consoles along with other IP-connected devices.
Apollo Group’s (NASDAQ:APOL) University of Phoenix intends to close 115 of its mostly smaller locations, according to the Associated Press. These closings will impact 13,000 students, including 25 main campuses and 90 smaller satellite learning centers.
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Halliburton Company (NYSE:HAL) says that “In North America, revenue was down 5 percent and operating income was down, driven mainly by pricing pressure in hydraulic fracturing, guar cost inflation and activity disruptions due to Hurricane Isaac. We are also seeing activity reductions by some of our customers as they continue to moderate activity to operate within their stated 2012 budgets.”
Cree (NASDAQ:CREE): Demand for LED backlights should be stronger during October and November and will experience significant growth next year, says DigiTimes. LED makers say that the penetration of backlights in monitors and TVs in the current year is estimated at between 65 and 70 percent and will likely reach more than 80 percent next year.
Check Point Software Technologies (NASDAQ:CHKP), the Internet security major, posted third quarter revenue that is a bit lower than was anticipated, along with a weaker than expected fourth quarter guidance, explaining that its European business is still to be negatively impacted by economic uncertainty. Peer security product producer Fortinet (NASDAQ:FTNT) also reported lower than expected third quarter revenue with weaker than expected fourth quarter guidance earlier Wednesday, which is apparently causing Sourcefire (NASDAQ:FIRE) to pull back as well. In early trading, the latter fell $2.88, or 6.05 percent, to $44.75, while Fortinet plunged by 18.10 percent to $20.31 and Check Point fell 11.81 percent to $41.82.