Broadcom Teams With Hyundai and 4 Chip and Big Data Stocks on the Move
Intel Corporation (NASDAQ:INTC) adjusted earnings are expected by Analysts to fall to 50 cents per share from the 65 cents that was reported last year. Its forecast for revenue during the current quarter, which Wall Street expects to be $13.8 billion, has fallen a bit from last year’s $13.89 billion.
Broadcom Corp. (NASDAQ:BRCM) announced that it has entered into a joint development agreement with Hyundai Motor to power the next-generation connected car. The collaboration should integrate infotainment, telematics, and Advanced Driver Assistance Systems, or ADAS, features like surround view parking and lane departure warning into Hyundai vehicles. The companies intend to provide strong features and faster connectivity to more drivers.
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QUALCOMM Incorporated (NASDAQ:QCOM) and AMD (NYSE:AMD) are considering cutting costs, and they see major restructuring in its future. Qualcomm and Dell (NASDAQ:DELL) are considered to be the possible candidates to purchase the company, according to AllThingsD. Qualcomm is rumored to covet the server market and could be tempted for AMD’s manufacturing relationships alone.
EMC Corporation (NYSE:EMC) extended its existing technology licensing agreement with IBM (NYSE:IBM) for interoperability with the IBM integrated operating environment for IBM Power Systems by two more years, to 2017. Beneath the agreement, EMC and IBM are expected to keep collaborating to give IBM i customers with jointly developed storage interoperability interfaces and technical support, giving IBM i customers the choice, flexibility, and support to deploy combinations of EMC storage with IBM Power Systems technologies. Furthermore, EMC announced the D910 interface, jointly developed with, and supported by IBM.
Western Digital Corp. (NYSE:WDC): On October 12, the District Court of Hennepin County, Minnesota vacated, in full, the $630.4 million final arbitration award that was formerly issued against Western Digital in the arbitration between the Western Digital and Seagate Technology (NASDAQ:STX) concluding on January 23. In the arbitration, Seagate claimed misappropriation of eight alleged trade secrets by the company and a former employee. The Court confirmed the arbitration award with respect to each of the five trade secret claims that Western Digital and the former employee won at the arbitration, and vacated the arbitration award with respect to the three trade secret claims that Western Digital and the former employee had lost. The Court ordered a rehearing to be held regarding those three alleged trade secrets before a new arbitrator agreed upon by the parties and that if by November 2, the parties do not reach agreement, a new arbitrator will be appointed.
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