Editor’s Note: Related tickers: QUALCOMM, Inc. (NASDAQ:QCOM), Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM), Amazon.com, Inc. (NASDAQ:AMZN), Alcatel Lucent SA (NYSE:ALU)
New Kindle Fire HD tablets rumored to use much faster processor than Nexus 7 (TheVerge)
Amazon.com, Inc. (NASDAQ:AMZN) has long focused on the value proposition with its lineup of Kindle Fire Android tablets, but, if new rumors out today are accurate, the company’s new models may impress with their specifications. Tech blog BGR cites “multiple trusted sources” that say Amazon.com, Inc. (NASDAQ:AMZN)’s new Kindle Fire HD tablets will be powered by a QUALCOMM, Inc. (NASDAQ:QCOM) chip (MSM8974) from the Snapdragon 800 family — the most powerful of the chipmaker’s offerings. Prototype models of both the 7- and 8.9-inch Kindle Fire HD are said to have their processors clocked at 2GHz. We’ve yet to see QUALCOMM, Inc. (NASDAQ:QCOM)’s most powerful system-on-a-chip in a mass market device, but the company said to expect the first devices around half-way through 2013.
Intel Corporation (NASDAQ:INTC) Director James Plummer sold 6,815 shares of the stock on the open market in a transaction dated Monday, July 29th. The shares were sold at an average price of $23.23, for a total transaction of $158,312.45. Following the completion of the transaction, the director now directly owns 14,938 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Intel Corporation (NASDAQ:INTC) has been the subject of a number of recent research reports.
Broadcom Corporation (NASDAQ:BRCM) lowers price target at Sanford C Bernstein (WallStreetPR)
The price target on shares has been lowered by the stock analysts on shares at Sanford C Bernstein. The lowering of shares was from $41.00 to $36.00 according to the report issued on Thursday. There was an outperform rating on the stock with a typical price objective that amounted to 31.10% from the current price of the company. This fact was also weighted by other analysts on Broadcom Corporation (NASDAQ:BRCM). Even the price target on the shares of Broadcom Corporation (NASDAQ:BRCM) was cut by the Analysts at Wedbush. Again the analysts at Topeka Capital Markets also had cut the price on the shares to $35.00. At the final stage, price target on shares of the same company has been cut from $39 to $33.
Alcatel-Lucent Shares Reach 16-Month High on Qualcomm Linkup (SDDT)
Alcatel Lucent SA (NYSE:ALU), under new Chief Executive Officer Michel Combes, beat analysts’ estimates as cost cuts took hold and said QUALCOMM, Inc. (NASDAQ:QCOM) agreed to buy a minority stake. The stock reached a 16-month high in Paris. The second-quarter operating profit, excluding reorganization and impairment costs, was 24 million euros ($32 million), as sales rose 1.9 percent to 3.61 billion euros, the Paris-based network-equipment maker said today. Analysts had predicted a loss and a revenue decline.
Intel Corporation (NASDAQ:INTC) decides to shutdown Telmap Ltd (NYSEPost)
According to the source of ‘Globes’ Intel Corporation (NASDAQ:INTC) decides to shutdown Telmap Ltd which is the developer of M8 navigation app. Telmap Ltd was acquired by Intel Corporation (NASDAQ:INTC) in the year 20011 for $120 million, Intel Corporation (NASDAQ:INTC) decides to close Telmap as its efforts to modify and streamline strategy were continuously failing and it was involved in downsizing its employees largely. Intel Corporation (NASDAQ:INTC) recently announced as PC industry sags it cuts full-year revenue forecast, the company involved in calculating back capital spending as it is facing problem like weakness in china’s economic which is one of the biggest mark for Intel Corporation (NASDAQ:INTC) and lower sales in personal computer.
