Dell Eyes New Revenue Stream and 3 Heavily Traded Stocks Today
Sirius XM Radio Inc (NASDAQ:SIRI): SIRI has made a solid run over the past fifty-two weeks. The equity has outperformed the broader Standard and Poor’s 500 Index (SPX) by 12 percentage points for the previous three months. On the charts, the equity has been pushed higher by its ten and twenty week moving averages which have been lifting SIRI upward since early August. However, the stock has not experienced a daily close above $3 since March 25, 2008.
Nokia Corporation (NYSE:NOK) is expected to continue releasing orders for Windows Phone 7.5 handsets to Taiwan’s original design makers in 2013. Taiwan-based supply chain makers have stated that it hard for smartphones like the Windows Phone 8 to be available in entry to mid level market segments because of the hardware standards and licensing charges associated with the platform.
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Dell Inc. (NASDAQ:DELL) is interested in a new revenue stream in the social media strategy. The PC titan is launching a social media services group that will be competitive with digital agency start ups such as Dynamic Signal or Crimson Hexigon and enterprise titans such as Salesforce and IBM as they try to move away from PCs and more towards business services.
Advanced Micro Devices, Inc. (NYSE:AMD): According to Bloomberg, Advanced Micro Devices, Inc. has surged above $2.40 to the highest level in six weeks as some investors anticipate that their largest shareholder could help avert a cash shortfall. Their shares have lost 56% this year. Mubadala Development Co., the investment arm of the government of Abu Dhabi, increased their stake in AMD to about 19% including warrants and took an extra board seat this past November.
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