Intel Unveils Milstead Platform and 4 Chip and Big Data Stocks on the Move
Intel Corporation (NASDAQ:INTC) unveiled an Atom processor-based platform that was designed with the idea of network-attached storage (NYSE:NAS) devices. It has been named Milstead, and it uses existing Atom D2500 and D2550 chips to run personal cloud systems for use by individuals or small businesses. Both of the processors are dual-core 10W TDP parts though the D2550 features hyper threading and a marginally faster GPU.
QUALCOMM Incorporated (NASDAQ:QCOM) announced the deployment of Qualcomm’s Mobile Computing Platform 50 (MCP50) via its Qualcomm Enterprise Services (QES) division with Harris Trucking Company and R&M Transportation. The MCP50 is to deliver industry-leading applications at inexpensive price points, allowing Harris Trucking and R&M Transportation to continue improvement of fleet management, safety and compliance, as it increases driver productivity and customer service ultimately loweing operational costs.
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ARM Holdings plc (NASDAQ:ARMH) developed its own central processing unit based on Arm Holdings’ chip design technology, but it is completely different from the chips based on ARM intellectual property that were developed by companies like Qualcomm, Nvidia, and Texas Instruments.
Rackspace Hosting, Inc. (NYSE:RAX): State Farm developed a new Web-based application, supported by Rackspace Hosting, intended to assist homeowners-insurance customers in storing all home inventory information on the cloud.
SanDisk Corp. (NASDAQ:SNDK) price target saw a boost by Goldman Sachs from $45.00 to $52.00. As of now, the firm keeps its Buy rating on the stock.