Former Intel Officer SWITCHES Sides and 4 Chip and Big Data Stocks on the Move
Intel Corporation (NASDAQ:INTC): In his last job at Intel, Anand Chandrasekher was in charge of trying to penetrate the stronghold of Qualcomm as well as other specialists in chips for mobile devices. He is now switching sides. Monday, the San Diego company announced that Chandrasekher is to become Qualcomm’s chief marketing officer, and he will be in charge of overseeing all global marketing and external communications. The shares traded up $0.24 (0.91%) recently at $26.47.
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Broadcom Corp. (NASDAQ:BRCM), which is a global innovation leader in semiconductor solutions for wired and wireless communications, announced a full suite of remote monitoring and diagnostic capabilities based on its Full-Band Capture digital tuning technology. By capturing the entire 1GHz cable spectrum, Broadcom’s remote diagnostics offers access to real-time data and visibility into a user’s home, coax network for quick problem diagnosis, and better overall customer service. The shares traded down $0.04 (0.13%) recently at $33.97.
QUALCOMM Incorporated (NASDAQ:QCOM): For mobile chip suppliers, the new focus is on the low-end smartphone market in developing countries where phones generally cost below $200, and because the market there provides high volumes of sales, according to the Wall Street Journal. The shares traded up $0.02 (0.03%) recently at $60.26.
Seagate Technology PLC (NASDAQ:STX): Following their press releases issued on May 23, 2012 and June 14, 2012, Seagate Technology plc (NASDAQ: STX) along with LaCie S.A. (Euronext: LAC) used today to announce the completion of the purchase by Seagate of all shares of Philippe Spruch and his affiliate, which represents 64.5 percent of the LaCie’s outstanding shares for a provisional price of EUR4.05 per share. The price payable to Philippe Spruch and his affiliate could be raised by 3 percent, to EUR4.17 per share, in the event that within six months after today’s date, Seagate holds a minimum of 95 percent of the share capital and voting rights of LaCie. The shares traded up $0.78 (2.52%) recently at $31.72.
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