3 Tech Stock Stories Not To Be Missed on Thursday

Intel Corporation (NASDAQ:INTC): Closing price $21.82

Chip analyst Doug Freedman at RBC Capital reiterates his Sector Perform on Intel shares along with a $24 price target, as he studies the short list of candidates to replace Chief Executive Paul Otellini when he steps down in May, which is comprised mainly of names culled from media speculation. Freedman says that “Currently, the lack of CEO succession is a huge issue for our investment thesis,” calling it the firm’s “most important decision Intel has made since 300mm. We need to have a firm grasp on the direction the new CEO is targeting before we are able to offer conviction for large scale investment.”

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

INTC

International Business Machines Corporation (NYSE:IBM): Closing price $212.84

On Thursday, IBM laid out its Flash storage plan, along with a $1 billion investment in research and development, and a series of systems that will utilize solid state drives. This step places the corporation in line to push Flash into the data centers. Developments such as big data are driving Flash storage mainstream in the enterprise since companies need to access so-called hot data, which is information that needs to be used in real time. Storage players Fusion-io (NYSE:FIO), EMC, NetApp, and others have also formulated Flash storage strategies.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

IBM

NVIDIA Corporation (NASDAQ:NVDA): Closing price $12.76

The firm reported Thursday that it will return $1 billion in the current fiscal year to shareholders in the form of stock repurchases and dividend payments, including $100 million in stock being repurchased this quarter. The steps will bring to $1.2 billion the total capital returned to shareholders since NVIDIA announced its quarterly dividend program in November 2012. The corporation had previously disclosed the return of $200 million in capital to shareholders since November, including $100 million in shares repurchased in its fiscal fourth quarter ended January 27, 2013 and $100 million in dividends paid in the current and previous quarters.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

NVDA

Investing Insights: Should You Take A Chance With NVIDIA?