Microsoft Names New VP for Worldwide Partner Group and 2 More Heavily Traded Stocks to Follow
Microsoft Corp. (NASDAQ:MSFT): Current price $33.43
On Thursday, Microsoft announced that its named Phil Sorgen as corporate vice president of its Worldwide Partner Group. Sorgen will oversee a team of sales and marketing professionals charged with assisting Microsoft’s 640,000-member partner community to capitalize on new areas of growth in cloud computing, mobility, big data, and enterprise social technologies.
Having worked at Microsoft for 17 years, Sorgen previously led the U.S. Small and Midmarket Solutions and Partners Group, which supplied Microsoft tech solutions for over 20 million small and midsized businesses in the United States.
Alcoa Inc. (NYSE:AA): Current price $7.82
Local and state officials on Thursday joined Alcoa Chairman and Chief Executive Klaus Kleinfeld to break ground on a $275-million expansion of the company’s Tennessee Operations to address rising aluminum demand for auto output. It is anticipated that aluminum production should almost double by 2025.
The expansion will create 200 more full time jobs in Tennessee once it is completed by mid-2015. Beyond that, during construction, an incremental 400 construction jobs will be created at the facility. The previously reported expansion will transition some of the can sheet capacity to high-strength automotive aluminum capacity, as well as install incremental automotive capacity, making it a key provider to both the packaging and automotive markets.
Cisco Systems Inc. (NASDAQ:CSCO): Current price $23.53
Cisco and the electronics and IT distributor Avnet Inc. have announced the expansion of an agreement to distribute high-value specialty data center products in Latin America and the Caribbean.
Being the number-one networking company on the planet, with products ranging from switches and routers to security solutions and its unified computing system, Cisco sees the expansion further reinforcing Avnet’s core business of distributing electronic components. The arrangement will help Avnet to supply its channel partners with enhanced solutions for data centers.