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Intel Corporation (NASDAQ:INTC): According to Stifel Nicolaus’ expectations, Lam Research (NASDAQ:LRCX) will be boosted during its December quarter due to increased spending by Intel. The firm predicts that share buybacks will support the stock, and it keeps a Buy rating and $60 price target on the shares. The shares traded down $0.18 (0.69%) recently at $25.34.
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Broadcom Corp.’s (NASDAQ:BRCM): FBR Capital reiterates its Outperform rating and gives the stock a $43.00 price target. The shares traded down $0.60 (1.90%) recently at $31.02.
QUALCOMM Incorporated (NASDAQ:QCOM): Samsung (SSNLF.PK) has told an Australian court that it cancelled an agreement with Qualcomm (NASDAQ:QCOM) to not sue the chipmakers or its customers for use of its 3G patents, after Apple’s (NASDAQ:AAPL) suit over the Galaxy Tab. Qualcomm’s chips are used in the 3G iPad and 4G iPad model and the iPhone 4S. Samsung’s cancellation could have played a role in the decision of Qualcomm to restructure operations, so it can protect its large IP licensing business.
ARM Holdings plc (NASDAQ:ARMH) and TSMC (NYSE:TSM) have announced a multi-year agreement which will extend their collaboration past 20-nanometer, or nm, technology to provide ARM processors on FinFET transistors, which would allow the industry to further its market leadership into application processors. This collaboration should optimize the next generation of 64-bit ARM processors based on the architecture of the ARMv8, ARM Artisan physical intellectual property, or IP, and TSMC’s FinFET process technology to be used in mobile and enterprise markets requiring both high performance and energy efficiency. This collaboration should allow the sharing of technical information as well as feedback between the two companies, which will enhance the development of ARM IP and TSMC process technology. The shares traded down $0.66 (2.84%) recently at $22.60.
SanDisk Corp. (NASDAQ:SNDK) reported that its growing product offerings as well as stronger flash memory demand are predicted to increase its financial results for the year’s second half. The shares traded up $1.24 (3.20%) recently at $39.94.
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