Tech Stocks in Focus Feb. 9th: AMD, Hewlett-Packard, IBM, Intel, Microsoft

The Nasdaq is trading above 2,930 today. Tech leaders like AMD, HPQ, IBM, INTC and MSFT are displaying leadership via the following news:

Advanced Micro Devices (NYSE:AMD): AMD has announced the launch of the FirePro V3900, a tool for professionals looking to optimize graphics performance at a $119 entry level price, according to Digitimes. Also, global semiconductor sales in 2011 hit a record $299.5B, up 0.4% over the previous year, according to SIA and reported in Digitimes.

Hewlett-Packard (NYSE:HPQ): Hewlett-Packard recently placed a large notebook order with Pegatron which, added to existing orders, gives the company the possibility of shipping 20M notebooks in 2012, according to Digitimes.

International Business Machines (NYSE:IBM): IBM and Public Joint Stock Company Ukrsotsbank, part of UniCredit Group, have signed an agreement to outsource the bank’s information technology systems and processes to IBM. As part of the 10-year agreement signed in December 2011 and valued at approximately D$200M, IBM will assume responsibility for the development and support of PJSC Ukrsotsbank’s information systems and applications as well as the management of the bank’s IT infrastructure.

Intel Corp. (NASDAQ:INTC): A Hewlett-Packard (NYSE:HPQ) event in Las Vegas next week is likely to be a showcase for its forthcoming ProLiant G8 servers featuring Intel’s (NASDAQ:INTC) “Sandy Bridge-EP” Xeon E5 processors, according to Channel Register. The low-power processors made by Intel (NASDAQ:INTC) and AMD (NYSE:AMD) for use in smartphones and tablets are not currently price competitive with those made by ARM (NASDAQ:ARMH), according to notebook makers and reported in Digitimes.

Microsoft (NASDAQ:MSFT): According to sources, the Justice Department is close to approving a deal whereby Nortel (NRTLQ) will sell a portfolio of patents to a consortium of companies including Apple (NASDAQ:AAPL), Microsoft (MFST) and Research in Motion (NASDAQ:RIMM) for $4.5B, reports the Wall Street Journal. Also, Microsoft (NASDAQ:MSFT) sent out an invite, with limited details, for the launch of its Windows 8 Consumer Preview on February 29th at a Mobile World Congress event, reported engadget. Meanwhile, Cowen said Microsoft Office 365 had a better than expected debut and should provide incremental revenues and earnings for the company over the next three years. The firm believes investors sentiment will ease ahead of the Windows 8 release providing good upside opportunity. Shares are Outperform rated.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

To contact the reporter on this story: Derek Hoffman at

To contact the editor responsible for this story: Damien Hoffman at