Apple Pops on iPhone Launch Results and 2 Other Hot Stocks to Watch
Apple Inc. (NASDAQ:AAPL): Current price $486.03
Apple shares are beating the trends Monday with shares up some 4 percent after the firm reported that it sold 9 million new iPhones in the best debut ever for the phone. On Friday, Apple began selling a less expensive version called the 5C and also a top-of-the-line 5S. After the weekend, Apple said that demand for the 5S had surpassed the supply, and that many online orders would be shipped in the coming weeks. Sales beat the forecasts of many analysts, who had been ambivalent regarding the new models.
Marvell Technology Group Ltd. (NASDAQ:MRVL): Current price $12.26
United States District Judge Nora Barry Fischer in Pittsburgh has turned down Marvell’s request for a new trial in hopes of overturning a $1.17-billion patent-infringement verdict it lost in 2012 to Carnegie Mellon University concerning computer hard-disk drives. Fischer denied the firm’s on either liability or damages, and agreed with Carnegie Mellon’s position that the damage award should be raised because of the jury’s finding of willful infringement. The judge said that she would release a further opinion later.
Oracle Corp. (NASDAQ:ORCL): Current price $33.97
On Monday, Oracle announced the Oracle Database In-Memory option to aid customers in accelerating database performance for analytics, data warehousing, reporting, and online transaction processing. The company’s unique in-memory optimizations permit real-time ad-hoc analytics on live transactional data while accelerating OLTP as well.
Every application that runs on Oracle Database 12c can automatically and transparently utilize Oracle Database In-Memory Option. All of Oracle Database’s leading reliability, scalability, availability and security technologies work transparently with Oracle Database In-Memory Option, bringing Oracle’s mature technologies developed over many years of joint work with thousands of top banks, telecoms, and e-commerce sites to in-memory computing.