GE Loses Out in A123 Filing and 3 Dow Movers Turning Heads
General Electric Company (NYSE:GE) lost out in Tuesday’s Chapter 11 filing of A123 Systems (NASDAQ:AONE), says the Wall Street Journal. The former had made seven investments in A123 prior to its initial public offering in 2009 which amounted to $70 million, and its research head Mark Little is on A123’s board. The bankrupt firm’s second largest holder is GE Asset Management Inc., with a 4.32 percent interest stake, according to LionShares.com.
Hewlett-Packard Company (NYSE:HPQ): Worldwide notebook shipments should fall yearly by 0.8 percent this year prior to increasing by 5.9 percent in 2013, says DigiTimes. A projection by the Market Intelligence & Consulting Institute says that the decrease in 2012 is mostly due to tablet demand and the growth next year will be thanks to the launch of Windows 8 models and decreases in ultrabooks prices.
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International Business Machines Corporation’s (NYSE:IBM) fifth straight quarterly revenue miss caused at least two brokerages to downgrade their ratings on its stock. The shares have been thought of as a bellwether for the worldwide enterprise information tech sector, but IBM’s third quarter revenue missed consensus, as customers postpone spending on big ticket items and also because of the stronger dollar.
Intel Corporation (NASDAQ:INTC) and Digital Keystone will partner with Zenverge in order to develop a powerful hybrid gateway reference platform which should be able to stream high-quality broadcast TV content to smartphones, smart TVs, tablets, game consoles along with other IP-connected devices.
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