Rackspace Enters Agreement With RightScale and 4 Chip and Big Data Stocks on the Move
Broadcom Corp. (NASDAQ:BRCM) claims that it has the industry’s smallest quad 10GBASE-T physical layer transceiver (PHY) in its portfolio.
ARM Holdings plc (NASDAQ:ARMH): MIPS Technologies, Inc. (NASDAQ:MIPS)’s processor patents are being purchased by ARM Holdings and Imagination Technologies to continue strengthening their position in the mobile chip world. Imagination’s CEO reported that they will purchase nearly 82 of the patents to its MIPS architecture along with the business for about $60 million. This acquisition will support the company’s expansion within the CPU market, and it is expected to create additional opportunities.
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Rackspace Hosting, Inc. (NYSE:RAX) and RightScale announced a strategic agreement under which the will integrate RightScale cloud management with the Rackspace Open Cloud powered by OpenStack. As part of this agreement, RightScale is required to support Rackspace Open Cloud products with its leading cloud management platform. This announcement builds upon the long-standing relationship between RightScale and Rackspace and the commitment the both share regarding choice and openness of cloud solutions for customers. Customers are able to select from private, public, or hybrid offerings and have the freedom to deploy their applications in a Rackspace data center or a customer data center. Rackspace will give the open cloud choices and RightScale delivers the ‘single pane of glass’ management platform for public, private, or hybrid clouds.
EMC Corporation (NYSE:EMC): EMC Data Storage Systems India, which is a subsidiary of US-based EMC Corporation, intends to train nearly 30,000 people in cloud computing, data science, and big data analytics by 2013 via its new course, according to a top company official’s statement on Thursday. Rajesh Janey, president of EMC India and SAARC, informed IANS that the Indian cloud computing market (use of computing resources delivered as a service over the internet), currently predicted to be at $4 billion, could potentially reach $4.5 billion and the business opportunity in big data will likely reach $300 million in a couple of years.
SanDisk Corp. (NASDAQ:SNDK) has reported lower net income and revenue for its Q3 as the company sold less memory chips to gadget makers. However, these results surpassed Wall Street’s expectations, and SanDisk claims that it is gaining market share from competitors.
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