Advanced Micro Devices, Inc. (NYSE:AMD): The mobile market continues to be healthier than the PC market and AMD seems to have a strong graphics portfolio for the market during 2013, and the AMD Radeon HD 8000M series cards (code named Solar) should launch during Q1 of 2013. This will be the beginning of AMD GCN-enabled mobile parts into all of the market’s segments. By the summer of 2013, all of the discrete notebook graphic card solutions from AMD will use GCN, indicating significant performance and power saving gains that will come as AMD transitions away from the VLIW5-based Radeon HD 7000M-series parts.
Sirius XM Radio Inc (NASDAQ:SIRI) was one of the hottest selling broadcasting industry stock this week, as it gained momentum after Zacks decided to keep its Neutral rating on the company’s stock. The firm now has a target price of $3.00 on the stock.
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Citigroup Inc. (NYSE:C) and Royal Bank of Scotland Group Plc were sued by Germany’s DZ Bank AG, accusing the lenders of fraud in selling $641 million in mortgage securities. Citigroup and RBS’s offering materials have contained misrepresentations in regards to the loans that are backing the securities, according to DZ Bank’s claims in papers that were filed in New York State Supreme Court today. The Citigroup claims involve $362 million in securities, and the RBS case originates from $279 million in securities.
Nokia Corporation (NYSE:NOK): Last week, the company was able to settle its patent dispute with Nokia (NYSE:NOK), and RIM has made a first payment to Nokia totaling nearly $65 million, according to an SEC filing, reports AllThingsD. The deal’s terms were kept confidential.
Research In Motion Limited (NASDAQ:RIMM) reported a smaller quarterly loss than expected last week, but furthermore, executives raised concerns regarding the reduced service fees. Chief executive officer Thorsten Heins has claimed that lower-end users have the ability to gain “less or no service revenue” in the future, a move affecting RIM”s most profitable source of revenue.
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