5 Tech Stocks Attracting Trading Interest February 13th
Intel (NASDAQ:INTC): McAfee, which was acquired in 2011 by Intel (NASDAQ:INTC), has acquired Insightix, a developer of real-time security intelligence and control solutions, Globes reports. The terms of the deal were not disclosed, but it was likely in the $4M-$5M range.
Hewlett-Packard (NYSE:HPQ): The pricing “sweet spot” of around $599-$699 which is expected to drive higher demand of “ultrabook” notebook PCs is not expected to be met by most vendors until 2013, according to industry sources reporting to DigiTimes.
IBM (NYSE:IBM): Senator Joe Lieberman, an independent and chairman of the Senate Homeland security Committee, will introduce a bill to give the Department of Homeland Security authority over companies with computer systems deemed crucial to the nation’s economic and physical security, according to The Hill. The legislation would require these companies to take adequate safeguards to protect their systems, the publication added.
AMD (NYSE:AMD): Bernstein upgraded AMD and raised 2012 revenue estimates above consensus based on expectations for a back half of the year recovery in HDD demand. Price target raised to $10 from $6.50.
Research in Motion (NASDAQ:RIMM): BlackBerry-maker Research In Motion (NASDAQ:RIMM) said it will double to 160 the number of cities for its expansion in India, as well as introducing new devices and a new operating system, reports the Economic Times.
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