VMware Beats Q4 Analyst Estimates and 4 Chip and Big Data Stocks on the Move
Intel Corporation (NASDAQ:INTC): Current Price: $21.25
Intel announced that its most recent solid-state storage devices, the high-performance Intel SSD 525 Series, are the company’s first mSATA devices to offer a full SATA 6GB/s connection.
Broadcom Corp. (NASDAQ:BRCM): Current Price: $33.63
Broadcom has announced the StrataConnect Series of switch system-on-a-chip (SoC) solutions for small- and midsize-business networks, and these SoCs combine Layer 2 and Layer 3 (L2/L3) switching, 16 Gigabit Ethernet physical layer transceivers, 10 GbE and high-performance central processing unit (CPU) onto one piece of silicon.
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EMC Corporation (NYSE:EMC): Current Price: $24.05
On January 28, EMC management approved a restructuring plan which includes a reduction in force that will mostly be completed by the end of 1Q13, and it should be totally complete by the end of 2013. This plan will likely total about $80 million and total cash payments associated with the plan are predicted to total about $75 million.
SanDisk Corp. (NASDAQ:SNDK): Current Price: $48.95
Sandisk noted that a total Q4 revenue of $1.54 billion decreased 2 percent on a year-over- year basis and it rose by 21 percent on a sequential basis. Furthermore, the total revenue for fiscal 2012 of $5.05 billion saw a 11 percent decline from $5.66 billion in fiscal 2011.
VMware, Inc. (NYSE:VMW): Current Price: $77.58
VMware reported its Q4 results last night and they beat analysts’ estimates. However, the company issued a Q1 and FY13 revenue guidance falling behind expectations. VMwar’s Q1 revenue was forecast at $1.17 billion to $1.19 billion, compared to consensus $1.25 billion, and the FY13 revenue was seen by the company at $5.23 billion to $5.35 billion, far lower than the $5.42 billion estimate.