EMC Named as Potential Buyer for Juniper and 4 Chip and Big Data Stocks on the Move
Intel Corporation (NASDAQ:INTC) and International Business Machines Corp. have seen slowing sales, and this has caused increasing concern regarding weakening corporate demand, which was once the only positive in the shaky tech market. IBM shares traded down 5 percent, closing at $200.63 on Wednesday, after it posted a revenue decline also missing Street estimates. Intel dropped 2.5 percent, closing at $21.79, after reporting lower sales.
Broadcom Corp. (NASDAQ:BRCM) BroadR-Reach standard was developed with BMW and Hyundai and uses two unshielded cables instead of four, allowing light and inexpensive wiring to fit through a bodyshell’s tight spots. This creates the kind of consolidation that ultimately envisioned to have the ability to bring numerous and wide-ranging advantages, such as reducing the cost and complexity of electronics while allowing for greater electronics capabilities inside the car such as 360-degree car camera security systems, using the same IP standard that is familiar globally, enabling speeds from 100 Mbps to 1 GBbps for faster and better communication between systems.
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QUALCOMM Incorporated (NASDAQ:QCOM) announced that its networking and connectivity subsidiary, Qualcomm Atheros Inc., added about a dozen new technology partners, when exemplifies ongoing momentum of its Internet of Everything (IOE) global initiatives. These new agreements are to focus on Qualcomm Atheros’ AR4100 andAR4100P Wi-Fi solutions, which are designed for machine-to-machine applications, and they also work with Future Electronics to distribute to customers in North America, Japan, and Europe. RTX will develop custom modules, drivers, and value-added software along with Card Access Engineering for development of custom driver and demo hardware.
Rambus Inc. (NASDAQ:RMBS): Hynix is now seeking a new trial in patent suit against Rambus, according to Bloomberg.
EMC Corporation (NYSE:EMC): Juniper (NYSE:JNPR) rallies after Network World’s report that the tech company hired JPMorgan (NYSE:JPM) for the management of bids from possible acquirers. EMC was named as one of the possible buyers, according to the publication. In a note to investors, Oppenheimer analysts stated that they don’t see EMC as a likely buyer of Juniper. However, Oppenheimer also stated that it sees Ericcson (NASDAQ:ERIC) or private equity firms as those who would be more likely to buy Juniper. Furthermore, Citigroup wrote earlier in the day that it does not even believe that Juniper is considering selling itself. Citi claims that Juniper is not a company in distress, which typically motivates a sale. Shares of Juniper saw an increase of 51c, or 2.95 percent, to $17.82 in late morning trading.
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