GE and Microsoft Form Partnership and 4 High Demand Stocks Thursday
Intel Corporation (NASDAQ:INTC): As the company tries to compete with ARM-based chips that currently dominate the smartphone and tablet world, Intel Corporation will unveil their 1.8GHz dual-core Atom Z2760, the first chip from the Clover Trail family. The new chip is designed specifically for Windows 8 tablets and hybrid devices .
Nokia Corporation (NYSE:NOK): During their prolonged turn around effort, Nokia Corporation is depleting their cash while consuming about $300 million a month. Investors are bracing for something that hasn’t happened in decades, no dividends.
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Hewlett-Packard Company (NYSE:HPQ): After research firm Jefferies cut their rating on shares to Underperform from Hold, stocks of computer equipment and software giant Hewlett-Packard Company have declined. This occured in spite of general strength in the technology sector .
General Electric Company (NYSE:GE): The doors in a downtown Bellevue high-rise opened to a new health-care joint venture that has been formed by Microsoft and General ElectricCompany. Caradigm, as the 50-50 joint venture is called, is aimed at bringing Microsoft’s strength in the development of large-scale data platforms and General Electric Company’s Healthcare’s expertise, together, to build health-care applications.
Cisco Systems, Inc. (NASDAQ:CSCO): As concerns about growth of computer networking equipment weighed on their stock, Cisco Systems Inc. trimmed Chief Executive Officer John Chambers’ pay package by 9% for the past fiscal year. According to documents filed with the Securities and Exchange Commission, the value of Chambers’ compensation totaled $11.7 million, down from nearly $12.9 million in the previous year.
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