Cisco to Offload Linksys and 3 Heavily Traded Shares Changing Hands Today
Research in Motion (NASDAQ:RIMM) has officially announced a BlackBerry 10 event for January 30. The company sent out invitations to select media outlets inviting them to Pier 36 in New York City for the global debut of BlackBerry 10. RIM didn’t provide any details about the event, but its tagline is, “Re-designed. Re-engineered. Re-invented.”
Cisco Systems, Inc. (NASDAQ:CSCO): Bloomberg is reporting that enterprise networking gear maker, Cisco Systems, Inc. has engaged the services of Barclays to offload their Linksys division. Linksys, which makes home networking gear like SOHO routers and wireless access points, was acquired by Cisco in 2003 for $500 million, and their products have always been sold with the branding “Linksys by Cisco.” Linksys products have retained their focus on home users, while Cisco’s main branding has been reserved for their enterprise equipment.
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Micron Technology, Inc. (NASDAQ:MU): Intel and Micron Technology have come up with a plan to build more NAND flash memory capacity into their product lines. Called IM Flash, the plan is to expand a factory in Lehi which is just south of Salt Lake City and create 200 jobs. It appears that Intel and Micron have seen how well NAND chips are used in digital music devices, digital cameras and mobile phones.
Cemex (NYSE:CX): Concrete’s durability makes road construction more cost effective, improves street lighting and saves energy because it is brighter than asphalt and practically the same cost. Carlos Emilio Gonzalez, Cemex’s President for the Caribbean based in the Dominican Republic, said the method, which his company recently reintroduced into the country, can save up to 90% in road maintenance costs which makes it an option for towns as well as the government.
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