Intel Chooses New CEO and 2 Other Hot Stocks To Watch
Intel Corporation (NASDAQ:INTC): Current price $24.06
On Wednesday, Intel announced that its board of directors has unanimously elected Brian Krzanich as the company’s next chief executive, succeeding Paul Otellini. Krzanich will assume his new position at Intel’s annual stockholders’ meeting on May 16. Krzanich, has served as Intel’s chief operating officer since January 2012, and will become the sixth CEO in its history. As was previously reported, Otellini will step down as CEO and from the board of directors on May 16.
Alpha Natural Resources (NYSE:ANR): Current price $7.00
The firm posted a narrower-then-anticipated first-quarter loss on Thursday, due to cost-cutting in a difficult market. It was the third straight quarter in which reduced costs, which was partly the result of thermal coal output cuts made made in 2012, helped Alpha surpass analysts’ expectations. Further, Alpha’s cost of coal sales in Appalachia dropped to $69.52 per short ton from $77.25 year-over-year, and costs also fell in the Powder River Basin, to $10.02 per ton from $10.96.
Cisco Systems (NASDAQ:CSCO): Current price $20.69
Canada’s all-business communications provider Allstream, has announced the launch of Allstream Hosted Collaboration Solution, which is a hosted and fully managed unified communications and collaboration solution. Allstream HCS supplies the Cisco Unified Communications and Collaboration suite of applications to Canadian businesses via a new, cost-effective, cloud-based delivery model. All services will be hosted locally and sent to customers over Allstream’s world-class, SIP enabled, fibre IP network, created to help ensure a high level of security and reliability.
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