BlackBerry Refutes Story Of Laying Off Half Its Salesforce and 2 More Heavily Traded Stocks to Follow
BlackBerry Ltd. (NASDAQ:BBRY): Current price $10.94
Striking quickly to avert a very negative headline, BlackBerry has dismissed a report that it will eliminate one-half its sales force, through an e-mail to IBD. Senior Manager Lisette Kwong for BlackBerry corporate communications said that, “We did not cut half of our sales force. Instead, we are moving a small number of US-focused sales roles that were based in Canada to the US to be more closely aligned with our customers. This is part of the second phase of our transformation plan.” The previous report indicated that BlackBerry had laid off over half its sales force, during weak smartphone sales, and rumors of a suitor for the former tech star.
Advanced Micro Devices Inc. (NYSE:AMD): Current price $3.87
AMD is aiming at new markets while personal computer sales stall, unveiling chips created to run airport signs, slot machines, factory robots, medical equipment along with other devices. The chipmaker has been losing revenue as consumers increasingly prefer tablets to laptops and desktops, and wants to customize more of its chips for a broad range of non-PC devices. It anticipates that PC chip designs altered for those new devices should comprise at least one-fifth of its revenue by the end of the year.
Intel Corp. (NASDAQ:INTC): Current price $22.99
Speaking at Tuesday’s opening session of the Intel Developer Forum, Intel’s new Chief Executive Brian Krzanich observed that, from data centers to ultra-mobile devices like tablets, phones, and wearables, computing segments were going through “exciting and even game-changing transitions”. Krzanich outlined Intel’s vision and described how the corporation is meeting the requirements of each dynamic market segment, such as stepping up Intel’s progress in ultra-mobile devices, with new products over the next 12 months and beyond, including a new, lower-power product group.
The new CEO said that Intel plans to leave no segment untried, commenting that, “Innovation and industry transformation are happening more rapidly than ever before, which play to Intel’s strengths. We have the manufacturing technology leadership and architectural tools in place to push further into lower power regimes. We plan to shape and lead in all areas of computing.”
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