Broadcom Sales Rise 8.7% Year-Over-Year and 4 Chip and Big Data Stocks on the Move
Broadcom Corp. (NASDAQ:BRCM): Broadcom Corp. sales gained 8.7% to $2.13 billion in the quarter as compared to the same period last year. Rising research and overhead costs caused their profit to sink around 18.5% year-over-year to $220 million in the quarter. Chief Executive Officer McGregor explained during a conference call that Broadcom is benefiting from trends such as the strong adoption of high-definition cable and satellite solutions in emerging markets.
Qualcomm Incorporated (NASDAQ:QCOM): According to Qualcomm Incorporated’s chief executive Officer, older Windows programs will have to be updated to incorporate touch capabilities. That is something that should help adoption of the newest version of the operating system. Paul Jacobs, speaking today during a small press roundtable in New York before tomorrow’s Windows 8 launch, said there will be “FUD,” fear, uncertainty, and doubt, around legacy applications when Windows RT first launches, but the capabilities offered by the new system will ultimately win consumers over.
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ARM Holdings PLC. (NASDAQ:ARMH): ARM Holdings PLC., Red Hat (NYSE:RHT) and Applied Micro Circuits (NASDAQ:AMCC) announced a collaboration that aims to develop a disruptive 64-bit server design platform to dramatically lower the total cost of ownership of cloud computing, data centers and enterprises.
Rackspace Hosting, Inc. (NYSE:RAX): “Hortonworks is the only provider of Apache Hadoop that ensures a 100% open source platform,” said Rob Bearden, Chief Executive Officer of Hortonworks. “Our expanded partnership with Microsoft empowers customers to build and deploy platforms that are fully compatible with Apache Hadoop.” Indeed, Bearden has been busy on the partnership front, after it was also revealed that Rackspace Hosting, Inc. has signed a strategic agreement with Hortonworks. This deal means that the two companies will collaborate to deliver OpenStack and Hadoop based big data solutions for public and private clouds.
SanDisk Corporation (NASDAQ” target=_blank>NASDAQ:SNDK): SanDisk Corporation, a global leader in flash memory storage solutions, announced that they have appointed Drew Henry as Senior Vice President of OEM Marketing. Henry will be responsible for developing and executing marketing strategies as well as driving the company’s OEM embedded and removable product road maps. He will report to Dan Inbar, Senior Vice President and General Manager of SanDisk’s OEM group. Henry joined SanDisk from NVIDIA where he served in various executive roles, most recently as the General Manager of the GeForce GPU business. Prior to NVIDIA, Henry held leadership positions at iBeam Broadcasting, Silicon Graphics and Failure Analysis Associates. He started his career in the technology industry with TRW.
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