Qualcomm Boosts Stake in Pantech and 4 Chip and Big Data Stocks on the Move

Intel Corporation (NASDAQ:INTC): Current Price: $21.13

The company has placed a lot of hope in the PC market, mainly due to the idea that it is possible that consumers could begin snapping up the types of laptop-tablet hybrid devices that have been unable to make much of an impact. In the wake of Intel’s Q4 results, Wall Street has begun to worry regarding its capital spending plans for the year, and an outlook that is assuming a much better second half of the year. As of now, the most prominent underlying fear is that Intel could be left with under-used and very expensive factories.

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QUALCOMM Incorporated (NASDAQ:QCOM): Current Price: $64.42

Qualcomm will convert its existing royalty debts, which are owed to it by Pantech, into equity, increasing its stake in the South Korean smartphone maker. On Monday, Yonhap News Agency reported that 52 million Pantech shares with a value of $23 million are to be bought up by Qualcomm with its overdue royalty claims, increasing its existing shares in South Korea’s third leading mobile phone maker from 11.46 percent to 13.49 percent.

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ARM Holdings plc (NASDAQ:ARMH): Current Price: $40.50

Today, Benchmark Co. analyst Gary Mobley decided to reduce his rating on the company’s shares to Hold from Buy, mainly due to valuation. The analyst has mentioned that the microprocessor IP licensing company’s shares over the past year has risen 55 percent and is trading at almost 50 times his FY 2013 non-GAAP EPS forecast of 84 cents. “There is good reason for the positive investor sentiment as ARM is at the epicenter of a secular change in computing,” he claimed. “This said we believe investor expectations have become a little too bullish.”

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Rackspace Hosting, Inc. (NYSE:RAX): Current Price: $76.58

Vaultive provides cloud data encryption solutions intended to maintain the control, security, and compliance of data processed by cloud-based services, and it now has joined the Rackspace Cloud Tools program. Vaultive is included in Rackspace’s comprehensive catalog of innovative, third-party-developed applications compatible with The Rackspace Open Cloud. Vaultive’s capabilities are in line with the Cloud Security Alliance’s best practices for data ownership and control, and it delivers a greater set of options for customers to deploy cloud-based services from Rackspace.

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VMware, Inc. (NYSE:VMW): Current Price: $92.62

HotLink Corporation is the market leader in transformation solutions for heterogeneous virtualization management, and today, the company announced the most recent release of its flagship product, called HotLink SuperVISOR for VMware vCenter. This is the only technology that extends VMware vCenter management capabilities to Microsoft Hyper-V, Citrix XenServer, and Red Hat Enterprise Linux. The new version will allow automation solutions, like VMware vCloud Director and PowerCLI, to directly support multi-hypervisor resources via existing interfaces to VMware vCenter without needing additional consoles or integration points.

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