Shares of Intel Corp. (NASDAQ:INTC) fell more than 3% after cutting fourth quarter guidance. The company now expects revenue to be $13.7 billion, compared to previous estimates of $14.7 billion. The lower expectations are due to hard disk drive supply shortages. Competitors include: Advanced Micro Devices, Inc. (NYSE:AMD) and Texas Instruments Inc. (NYSE:TXN).
Investing Insights: Here’s Why Intel is Dragging Chip Stocks Lower.
Apple Inc. (NASDAQ:AAPL) shares are edging lower in early trading. The tech giant opened a new store in Grand Central on Friday. On Monday, its Mac App Store passed 100 million downloads in less than a year. Competitors include: Amazon (NASDAQ:AMZN), Hewlett-Packard (NYSE:HPQ) and Google (NASDAQ:GOOG).
Despite landing a major contract, shares of Lockheed Martin Corp. (NYSE:LMT) are down .30% this morning. The company will receive $4 billion from the US to build thirty F-35 Fight jets for the Air Force, Navy and Marine Corps.
Microsoft (NASDAQ:MSFT) and Nissan Motor Co. both announced a joint venture to develop and design a computer system to be used in cars. The new system, which will first be introduced at Nissan’s dealers in Japan by the end of March 2013, will reduce total system costs.
Shares of Diamond Foods Inc. (NASDAQ:DMND) are getting crushed by 18% in early trading. The snack company announced it would not file its quarterly statements on time. The audit committee needs more time to review payments to walnut growers.
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