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General Electric Company (NYSE:GE) Chief Executive Immelt had reported that his company would not be doing any significant purchases in the current year, but GE could be getting into the mood again, as a company executive remarked quit recently that they want to more than double the size of its new mining unit to $5 billion in revenue by 2016, according to the Wall Street Journal.
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Hewlett-Packard Company’s (NYSE:HPQ) PC unit is unlikely to be purchased by Lenovo Group Ltd. (LNVGY.PK), says its chairman, who explained that the company will no longer buy hardware firms and its only information tech purchases will be in software and services, according to CNET China, cited by Marbridge Daily.
International Business Machines Corporation’s (NYSE:IBM) advanced storage systems have been chosen by Queensland Sugar Ltd., to support its rapidly growing data needs.
Intel Corporation’s (NASDAQ:INTC) endeavors to open up the domestic market to Intel-based smartphones may be helped by the next version of Medfield, which will include support for LTE technology. Later in 2012, versions of Intel’s current low-power Atom Medfield processor that will support 4 gigabyte Long Term Evolution, will be launched by company officials. This will be considered an important step as the firm wants to make inroads in the domestic smartphone market.
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