3 Tech Stocks Stories Making Thursday Turbulence

International Business Machines Corp. (NYSE:IBM): Closing price $187.97

On Thursday, scientists at IBM unveiled a breakthrough software ecosystem created for programming silicon chips that possess an architecture inspired by the function, low power, and compact volume of the brain. The tech could permit a new generation of intelligent sensor networks that mimic the brain’s capabilities for action, perception, and cognition. Distinctly different from traditional software, IBM’s new programming model breaks the paradigm of sequential operation underlying current von Neumann architectures and computers. Rather, it is designed for a new class of distributed, asynchronous, highly interconnected, parallel, large-scale cognitive computing architectures.

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Trina Solar Limited (NYSE: TSL): Closing price $7.22

Trina has announced the following updates to its previous guidance made for the quarter ended June 30. The firm estimates its solar module shipments in the second quarter to be between 630 MW and 660 MW, versus previous guidance of between 500 MW and 530 MW. Also for the second quarter, Trina Solar estimates overall gross margin at between 11 and 12 percent, compared to its previous guidance of middle single digits in percentage terms. The firm will confirm or revise its previous shipment guidance of between 2 and 2.1 GW for the full year 2013 during its second quarter earnings conference call on August 20.

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Ellie Mae Inc. (NYSE:ELLI): Closing price $31.00

The California firm whose software is employed to produce one-third of all mortgages in the United States, is mulling a divestiture and has interviewed banks to oversee the process, said three knowledgeable persons, who also said that Ellie Mae might start soliciting offers in the next two months. The software firm has a market value of about $725 million. The company’s software offers methods of automating the mortgage process. Last week, Ellie Mae raised its forecast for full-year revenue up to $132.5 million, which would represent a 3-percent boost from 2012 sales of around $102 million.

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