Intel Is Gearing Up to Record All TV Programming and 2 Other Dow Movers to Watch
Intel Corp. (NASDAQ:INTC): Current price $23.32
Intel’s plans for its new television service are said to include a server farm with which to record every piece of programming that is broadcast — local, national and international — and then store it for a minimum of three days in the cloud, according to The Wall Street Journal. Equipped with an Intel-designed set-top box, users would no longer need DVRs or even schedule recordings of programs.
Merck & Co. (NYSE:MRK): Current price $48.06
Early Tuesday, Merck posted mostly in-line second-quarter earnings. Revenue fell by 11 percent year-over-year to $11 billion, a bit below the consensus of $11.2 billion, but profit of 84 cents per share exceeded estimates by 2 cents. However, the patent cliff caused earnings to slide by 20 percent from 2012. Going into the second quarter, Wall Street was all chatter regarding Merck’s Januvia/Janumet diabetes franchise, which brings around 10 percent of the company’s revenue, but in March, the Food and Drug Administration revealed that it was examining unpublished data indicating a possible link between Januvia and pancreatic cancer, which caused fears that doctors would be less likely to prescribe the drug.
United Technologies Corp. (NYSE:UTX): Current price $105.12
United Technologies’s Sikorsky Innovations announced Tuesday that it launched its fourth Entrepreneurial Challenge, the latest in a competition series to speed up firms and individuals with applications in the vertical flight market and introduce more opportunities for entrepreneurs to contribute to aerospace innovation.