Broadcom-Hyundai Partnership to Boost Automotive Ethernet and 4 Chip and Big Data Stocks on the Move
Intel Corporation (NASDAQ:INTC): Shares of Intel Corporation fell Tuesday evening as a quarterly forecast from the world’s largest chip maker disappointed Wall Street and shares of International Business Machines were also in decline as the traditional tech bellwether’s quarterly sales missed expectations.
Broadcom Corp. (NASDAQ:BRCM): A Joint Development Agreement between wireless communication leader Broadcom Corp. and Hyundai will boost the wide-scale adoption of automotive Ethernet based infotainment and safety features via 100Mbps connectivity for vehicle networks now, and up to 1Gbps in the near future, across virtually all price points.
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QUALCOMM Incorporated (NASDAQ:QCOM): The Telecom tribunal TDSAT set aside a Department of Transportation order penalizing Qualcomm Incorporated by shortening the time limit for rolling out broadband services and reducing the holding period of spectrum that is allotted to the company. While issuing spectrum for wireless broadband services, the Department of Telecom (DoT) reduced the validity of Broadband Wireless Access (NYSE:BWA) spectrum from twenty years to eighteen years and six months. In addition to this, Qualcomm’s roll-out obligation period was also reduced from five years to three-and-a-half years.
Rackspace Hosting, Inc. (NYSE:RAX): Rackspace Hosting, Inc. has released two software development kits, one for Java, another for Hypertext Preprocessor, PHP, to help developers more easily create applications that tap into OpenStack services. Rackspace, one of the co-creators of the now independent open source OpenStack code, develops and sells public and private cloud platform software based largely on OpenStack.
SanDisk Corp. (NASDAQ:SNDK): After the bell on Thursday night, October 18th, SanDisk Corp. is scheduled to report their third quarter 2012 earnings. Analyst consensus is looking for $0.34 in earnings per share on $1.2 billion in revenue for year-over-year declines of 72% and 15% respectively, but still better than their second quarter’s numbers which fell 25% and 82% respectively.