Tech Business Report: Google’s Rally Goes On, Texas Instruments Reduces OMAP Line
Google’s (NASDAQ:GOOG) rally goes on today, as shares again hit new highs following Michael Graham at Canaccord contending that the firm’s ad click prices are beginning to rise again, after having been under pressure recently.
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Texas Instruments Inc. (NYSE:TXN) redues its stake in its OMAP mobile application processor line, choosing to concentrate instead on expanding OMAP sales for embedded applications such as industrial gear and automobiles. OMAP chips are the power in Amazon and Barnes & Noble’s tablets, but smartphone rivalry from Nvidia Corporation (NASDAQ:NVDA) and Qualcomm Inc. (NASDAQ:QCOM) has been ferocious.
OCZ Technology Group (NASDAQ:OCZ) shares are having two bad days in a row, but there is no major news to speak of. The stock has hit new multi-year lows, and is down by some 48 percent since September 4th. Since that date, the revenue-burning solid-state drive maker has issued a warning and has seen its Chief Executive Ryan Peterson step down.