ARM Holdings Plunges on London Exchange and 4 Chip and Big Data Stocks on the Move
Broadcom Corp. (NASDAQ:BRCM) reported a Q3 profit totaling $220 million, or 38 cents a share, on a revenue of about $2.13 billion, versus earnings of $270 million, or 48 cents a share, on sales of $1.96 billion, during the same period the previous year. Without including one-time items, Broadcom would have earned approximately $476 million, or 79 cents a share. Analysts surveyed by FactSet predicted that the communications chip maker would earn 77 cents per share on $2.09 billion in sales.
QUALCOMM Incorporated (NASDAQ:QCOM) shares keep an Outperform rating from BMO Capital Markets, according to a research report that sent to investors on Friday morning. As of now, the firm has a $78.00 price target on the stock.
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ARM Holdings plc (NASDAQ:ARMH): On Friday, London stocks were practically unchanged on Friday, which turns away from earlier losses after U.S. economic-growth data were slightly stronger than predicted. However, shares of chip designer ARM Holdings PLC continues to be in negative territory. ARM Holdings was ranked among London’s top losers, with a 1.3 percent drop.
Seagate Technology PLC (NASDAQ:STX) is assisting in making the move as seamless as possible for those who are upgrading to Windows 8. Seagate® Backup Plus family of drives is the has the ability to ensure that all important files also make the upgrade. All of Seagate’s external storage devices are compatible with current Windows 7, Windows Vista, and Windows XP, and also has the ability to work with the new Windows 8 OS.
SanDisk Corp. (NASDAQ:SNDK) announced that Mike Chenery, senior fellow at Enterprise Storage Solutions, is to address the investment community that attends the Lazard Capital Markets SSD Day on Thursday, Nov. 1 at 2 p.m. Eastern. The session is expected to be webcast and to be accessed live from SanDisk Corporation’s Investor Relations website at www.sandisk.com/IR. A replay of the webcast is also expected to be made available.
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