Seagate MAKES OFFER on Solyndra Facility and 4 Chip and Big Data Stocks Today
Intel Corporation (NASDAQ:INTC) expects to lower the energy consumption of its main chip line by 41 percent, which is the company’s most recent attempt to make mobile computers thinner and operate longer on a battery charge, according to the Wall Street Journal.
Don’t Miss: Will China Get the New iPhone EARLY?
Broadcom Corp. (NASDAQ:BRCM): Analog companies with a focus on the communications, industrial and automotive segments, like Broadcom Corp. and well-diversified companies like Intersil Corp could be expected to hold up better than others in 2012.
ARM Holdings plc (NASDAQ:ARMH) stock saw an advancement of 1.85 percent to $25.37 in pre-market trading. The company stock fell over 8.5 percent in regular trading on Tuesday following its downgrade to “sell” rating from “hold” rating at Deutsche Bank.
Rackspace Hosting, Inc. (NYSE:RAX): Mergers and acquisitions have been steady source of churn in the technology industry and for cloud-service provider Rackspace, the company’s M&A strategy has enabled its expansion into new areas of service, and has beefed up its existing offerings. Rackspace has continued to have a steady stream of M&A activity, including the purchase of its seventh company in five years and its third this year alone. The newes addition is Mailgun, which is a transactional email service targeted at developers, and Rackspace Senior Vice President of Corporate Development, Pat Matthews, claims that it will not be the last acquisition for the company.
Seagate Technology PLC (NASDAQ:STX) has offered $90.3 million to purchase the cavernous Solyndra solar-panel factory along Interstate 880 in Fremont, according to new documents that have been filed with the U.S. Bankruptcy Court. The proposed purchase price is 70 percent lower than the $300 million cost of construction of the building, as was detailed in bankruptcy court records. The Obama Administration’s Energy Department underpinned development of site via a 535 million loan guarantee.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>