DJIA Closes at 13,197 as IBM, Intel, Lennar Win New Stock Price Highs

IBM (NYSE:IBM): Rutgers formally launched a high-performance computing center at the university focused on the application of “Big Data” analytics in life sciences, finance, and other industries. The center is aimed at improving the economic competitiveness of New Jersey’s public and private research organizations. The HPC center will be part of the newly created Rutgers Discovery Informatics Institute and will utilize supercomputing equipment and software provided by IBM in the project’s first phase. Rutgers anticipates future expansion of the center will lead to the university having one of the world’s most powerful academic supercomputers. The shares closed at $207.18, down $0.59 or 0.28% on the day. They have traded in a 52-week range of $157.13 to $207.92.

Intel Corp. (NASDAQ:INTC): Hewlett-Packard, or HP, issued the following statements in conjunction with HP’s filing of two motions for summary adjudication and summary judgment in the company’s litigation against Oracle (NASDAQ:ORCL) relating to the Intel (NASDAQ:INTC) Itanium platform: “The information brought to light during the discovery period further underscores the key facts of this case. In fact, it has led HP to seek a pretrial ruling that Oracle is contractually obligated to offer future versions of Oracle’s software on Itanium. It is time for Oracle to quit pursuing baseless accusations and honor its commitments to HP and to our shared customers.” The shares closed at $28.19, up $0 or 0% on the day. They have traded in a 52-week range of $19.16 to $28.26.

Equinix (NASDAQ:EQIX): Equinix announced a partnership to create an enterprise-ready gateway to the cloud by offering Tier 3’s Enterprise Cloud Platform via Equinix International Business Exchange data centers. The partnership enables enterprise customers to take advantage of the business agility and cost efficiency cloud technologies offer by using Tier 3’s enterprise-grade Infrastructure as a Service across Platform Equinix. Initially, Tier 3’s solution will be available in Equinix’s Chicago and New York data centers with plans to expand globally, first into Europe and later to Asia. The shares closed at $151.86, up $0.29 or 0.19% on the day. They have traded in a 52-week range of $80.85 to $152.31.

Hitachi (NYSE:HIT): Teollisuuden Voima Oyj has selected GE Hitachi Nuclear Energy (GE, HIT) to participate in the bidding process to build the utility’s proposed fourth reactor unit at the Olkiluoto nuclear power station on Finland’s west coast. GEH will enter its Economic Simplified Boiling Water Reactor into the bidding process. The invitation comes after TVO and GEH recently signed a licensing feasibility study contract in February. The shares closed at $63.17, up $0.09 or 0.14% on the day. They have traded in a 52-week range of $46.91 to $63.17.

Lennar Corp. (NYSE:LEN): Reported Q1 Deliveries were 2,482 Homes, up 29%. Cancellation rate was 18%. The shares closed at $27.63, up $1.23 or 4.66% on the day. They have traded in a 52-week range of $12.14 to $27.07.

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