Cisco Systems (NASDAQ:CSCO): Current price $21.23
Cisco Systems will purchase the United Kingdom networking firm Ubiquisys for roughly $310 million, gaining tech that aids wireless carriers in providing better service to smartphone and tablet users, according to Bloomberg. The purchase is expected to close in the fourth quarter of Cisco’s 2013 fiscal year. Ubiquisys employees will be integrated with Cisco’s service provider mobility unit, reporting to Partho Mishra.
JPMorgan Chase & Co. (NYSE:JPM): Current price $46.88
JPMorgan Chase has won the dismissal of the the larger part of a lawsuit that accuses it of misleading the Belgian-French bank Dexia SA into purchasing over $1.6 billion worth of troubled mortgage debt. The decision was made public on Wednesday by United States District Judge Jed Rakoff in Manhattan, and marks a victory for the largest domestic bank, in a case that became notorious after emails and other materials were disclosed that implied the bank and its affiliates knew the debt was toxic, but sold it regardless.
Intel Corporation (NASDAQ:INTC): Current price $21.04
Intel Chief Executive Officer Paul Otellini’s total compensation jumped by 8.6 percent to $19 million in 2012. His base salary rose by 9.1 percent to $1.2 million, firm said Wednesday in a regulatory filing. The aggregate also includes options, bonus, stock, pension, and other benefits. Otellini intends to step down in May following nearly four decades at Intel and said in December that an insider would probably be chosen to succeed him. When Intel reported Otellini’s planned exit in November, it also indicated potential replacements by pointing to three executive vice presidents: Chief Operating Officer Brian Krzanich, Chief Financial Officer Stacy Smith and software chief Renee James.
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