Rambus Reports Q4 Loss and 4 Chip and Big Data Stocks on the Move
Intel Corporation (NASDAQ:INTC): Current Price:$21.02
According to the Competition Commission of India, Intel has signed an agreement under which it is to acquire Motorola Mobility’s assets, including patents. The panel gave the deal a green signal, but which assets of Motorola Mobility are being bought out by Intel are not clear. Earlier, it was reported that Google paid $12.4 billion to purchase Motorola Mobility’s assets globally.
QUALCOMM Incorporated (NASDAQ:QCOM): Current Price: $63.63
Microsoft (NASDAQ:MSFT) will likely launch Windows Phone 8 reference design as a means to attract more smartphone makers in China to enter production, according to DigiTimes. Along with Qualcomm (NASDAQ:QCOM), Microsoft is expected to release the design in mid-2013 with smartphone models built with it that are scheduled to be released in 2H13.
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Rambus Inc. (NASDAQ:RMBS): Current Price: $5.46
On Thursday, Rambus, Inc. reported a loss for Q4, narrowing from last year as a 31 percent drop in revenues was more than offset by lower operating costs and expenses. Also, the company’s adjusted earnings per share declined from last year when not including items. The company’s net loss for Q4 narrowed to $16.13 million or $0.14 per share from $28.72 million or $0.26 per share in the prior-year quarter.
ARM Holdings plc (NASDAQ:ARMH): Current Price: $41.15
The company was downgraded at Benchmark Co., dropping from a Buy rating to a Hold rating.
Rackspace Hosting, Inc. (NYSE:RAX): Current Price: $79.26
The company has begun to prepare to take the next step in its full embrace of the open-computing concept by switching to customized servers at its data centers. The new servers are to be specially designed by Rackspace and they will work within the Open Stack cloud system that it co-founded two years ago with NASA.
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