Rackspace Plans UK Data Center and 4 Chip and Big Data Stocks on the Move
Intel Corporation (NASDAQ:INTC): Current Price: $21.13
The company’s board of directors has declared a 22.5 cents-per-share, or 90 cents-per-share on an annual basis, quarterly dividend on the company’s common stock. This dividend is to be payable on March 1, 2013 to stockholders of record on February 7, 2013.
QUALCOMM Incorporated (NASDAQ:QCOM): Current Price: $65.12
LG has begun preparations to launch its next flagship smartphone, which is to be named the Optimus G Pro, Japanese carrier NT DoCoMo revealed, according to Wired. The device will likely run Google’s (NASDAQ:GOOG) Android 4.1 Jelly Bean operating system with Qualcomm’s Snapdragon S4 quad-core CPU and 2GB of RAM. LG’s most recent flagship device, the Nexus 4, experienced positive feedback from critics, the website said.
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ARM Holdings plc (NASDAQ:ARMH): Current Price: $40.56
Today, Gary Mobley at Benchmark Co. reduced his rating on ARM’s stock to Hold from Buy although he believes that the firm’s business model is fundamentally sound. “There is good reason for the positive investor sentiment as ARM is at the epicenter of a secular change in computing,” Mobley told investors.
Rackspace Hosting, Inc. (NYSE:RAX): Current Price: $77.12
The company has intentions to build a new UK data center and and it decided to adopt the Open Compute specifications to design its own low-energy, no-frills hardware for all future servers. Rackspace’s new UK data centre is to be built by Digital Realty and it will include as many as five data halls that will use as much as 10MW of power in total. However, according to information filed with the US Securities and Exchange Commission (SEC), a the location has not been decided. Last week, Rackspace announced its intention build its own low-energy servers at the summit of the Facebook-backed Open Compute project.
Western Digital Corp. (NYSE:WDC): Current Price: $47.52
Western Digital gained about $3.65 billion in cash from operations during the past four quarters, according to data gathered by Bloomberg.
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