Broadcom IPTV to SUPPORT DivX Plus and 4 Chip and Big Data Stocks on the Move
Intel Corporation (NASDAQ:INTC): ASML Holding (NASDAQ:ASML) has announced that it has gained the approval by the Extraordinary General Meeting of shareholders of its Customer Co-Investment Program and that the US anti-trust clearance process has been completed. Also, ASML announces that the waiting period beneath the Hart-Scott-Rodino Act has ended without ASML or Intel gaining requests for additional information from regulators, completing the U.S. anti-trust procedure. The shares traded down $0.92 (3.67%) recently at $24.17.
Don’t Miss: Is the New Kindle Fire HD Wow-Worthy Enough?
Broadcom Corp. (NASDAQ:BRCM) along with Rovi (NASDAQ:ROVI) announced that Broadcom’s newest IPTV platforms are to support DivX Plus Streaming. Lightweight and easy to deploy, DivX Plus Streaming brings features that are mostly associated with Blu-ray Discs to the over-the-top entertainment experience. The joint solution should assist media player manufacturers in streamlining the development and release of products offering an advanced streaming experience. The shares traded down $0.11 (0.30%) recently at $35.01.
QUALCOMM Incorporated (NASDAQ:QCOM): On September 12, Apple, Inc (AAPL) is expected to announce the details of its new iPhone 5, and Qualcomm, Inc. is one company that may benefit from this announcement. This makes a weekly backspread trade on QCOM seem rather attractive, since QCOM options offer more leverage than the Apple’s corresponding weekly options. The shares traded down $0.48 (0.77%) recently at $62.14.
Rambus Inc. (NASDAQ:RMBS): Cryptography Research, Inc. (NYSE:CRI), which is a division of Rambus, announced today that it has been selected by the Secure Content Storage Association (SCSA) to provide security leadership and expertise to the SCSA efforts. The SCSA is a group of companies in the entertainment and storage space that was founded by SanDisk (NASDAQ: SNDK), Twentieth Century Fox, Warner Bros., and WD, a Western Digital (NASDAQ: WDC) company, to give consumers new ways to build digital home libraries. The SCSA’s Project Phenix (working title) initiative is to give consumers an easier and faster way to organize, store, and move their high definition digital movies and TV shows across various devices. The shares traded up $0.08 (1.74%) recently at $4.67.
Rackspace Hosting, Inc. (NYSE:RAX): Code-named Alamo, which is a free private cloud software that was recently released by Rackspace is designed for the assistance of enterprise IT in the deployment of OpenStack-powered clouds. Engineers at Rackspace state that they designed the software with ideas from their company’s own experiences in the deployment and operating OpenStack-based cloud infrastructure in several environments. The shares traded up $0.36 (0.56%) recently at $64.21.
Don’t Miss: Will This Apple Move Destroy Pandora?
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>