Large Cap Technology Stocks are Trading Up Today

Following is some information on the stories moving some of the largest companies in the Technology sector.

  • Apple, Inc. (NASDAQ:AAPL): The company recently issued a forecast for its capital expenditures of $8 billion for fiscal 2012, compared to $3.4 billion it spent this year.  The company intends to build out its retail presence and capture more customers around the globe.  The shares recently traded at $397.70, up $1.19, or 0.3%, on the day.  The shares have traded in a 52-week range of $297.76 to $426.870 and its market capitalization is $369.66 billion.  About the company: Apple, Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions.  The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
  • Baidu.com, Inc. (NASDAQ:BIDU):  The shares recently traded at $140.98, up $5.93, or 4.45%, on the day.  The shares have traded in a 52-week range of $94.33 to $165.96 and its market capitalization is $49.21 billion.  About the company: Baidu, Inc. operates an Internet search engine.  The Company offers algorithmic search, enterprise search, pay for performance and news, MP3, and image searches.
  • Intel Corporation (NASDAQ:INTC): The shares recently traded at $23.95, up $0.06, or 0.25%, on the day.  The shares have traded in a 52-week range of $19.16 to $25.20 and its market capitalization is $125.76 billion.  About the company: Intel Corporation designs, manufactures, and sells computer components and related products.  The Company’s major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products.
  • Microsoft Corporation (NASDAQ:MSFT): The shares recently traded at $26.06, up $0.07, or 0.25%, on the day.  The shares have traded in a 52-week range of $23.65 yo $29.46 and its market capitalization is $219.22 billion.   About the company: Microsoft Corporation develops, manufactures, licenses, sells, and support software products.  The Company offers operating system software, server application software, business and consumer application software, software development tools, and Internet and intranet software.  Microsoft also develops video game consoles and digital music entertainment devices.
  • EMC Corporation (NYSE:EMC): The shares recently traded at $24.33, up $0.55, or 2.31%, on the day.  The shares have traded in a 52-week range of $19.84 to $28.73 and its market capitalization is $49.63 billion.  About the company: EMC Corporation provides enterprise storage systems, software, networks, and services.  The Company’s products store, retrieve, manage, protect, and share information from all major computing environments and mainframe platforms.  EMC operates offices around the world.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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