BlackBerry’s Leaked Product Line and 2 Other Heavily Traded Stocks
Intel Corporation (NASDAQ:INTC): Monday morning saw a downgrade for Intel shares to Market Perform from Outperform by Alex Gauna at JMP Securities based on speculation that the firm could be at risk of delays in its upcoming microprocessor upgrade, code-named Haswell. But Intel spokesperson Chuck Mulloy reached out to tech traders to assert there are no problems. Mulloy said in a phone call: ”Haswell is healthy and on track for an announcement. There’s no problem with the Haswell part at all. Also, we would expect that with Haswell we will see the biggest improvement in battery life in the company’s history when you compare it to the previous generation. It is expected to be a major milestone breakthrough. The key point is, it’s healthy and it’s on time.”
General Motors (NYSE:GM): General Motors is readying a redesigned Chevrolet Silverado to commence selling in the current quarter. The automaker said that the new pickup will have better fuel efficiency than Ford Motor’s (NYSE:F) turbocharged V-6 truck, but costing the same as its outgoing model. The 2014 Silverado with a 5.3-liter V-8 engine and two-wheel drive will get 23 miles per gallon in highway driving, according to a statement released Monday. The U.S. Environmental Protection Agency’s website said that Ford’s 3.5 liter, six-cylinder turbo F-150 gets 22 mpg on the highway while a flex-fuel version of the vehicle gets 23 mpg. Executive Chief Engineer for Silverado Juff Luke said in a statement: “The 2014 Silverado will give customers class-leading V-8 fuel efficiency and the peace of mind that comes with a proven V-8 design, a combination no competitor can match,” according to Bloomberg.
BlackBerry (NASDAQ:BBRY): Even in the face of slumping sales in all segments, BlackBerry has some new products in its pipeline, according to a leaked road map published by Computerworld. The firm is planning to debut another smartphone for its BB10 operating system, with a keyboard, not just a touchscreen, and it appears that the company could be planning to increase the tablet offerings so as to include a widescreen option, and even some of the smaller form factor devices, which are now often referred to as phablets. One of them might even include a built-in keyboard, which would constitute a unique feature in the tablet market.
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