- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Nokia Corporation (NYSE:NOK): According to DigiTimes, Spreadtrum Communications (NASDAQ:SPRD) and MediaTek are expected to wing large feature phone orders soon from international brands. Samsung (SSNLF) could possibly source 2.5G/75G handset solutions from Spreadtrum, and MediaTek will probably receive phone solution orders from Nokia. Spreadtrum could also dip its hand in 4G and quad-core smartphone solutions before the year’s end.
Don’t Miss: Will This Buy Be A MOBILE STEROID For Facebook?
Wells Fargo & Company (NYSE:WFC) was upgraded by Sterne Agee due to consistent operating results, positive operating leverage, balance sheet growth, and capital deployment. Wells Fargo has a $38 price target.
Research In Motion Limited (NASDAQ:RIMM) continues to have issues as the Canadian company was made to pay a $147.2 million fine for patent infringement to New Jersey-based technology firm Mformation Technologies
Alpha Natural Resources, Inc. (NYSE:ANR) along with Arch Coal (NYSE:ACI) have fallen lower in premarket trading following the downgrade of both companies to Underperform at BMO capital. The downgrade is due to a weak demand for Appalachian coal, high levels of debt, and deteriorating margins. ANR is down 5.4 percent and ACI is down 5.8 percent premarket.
Intel Corporation (NASDAQ:INTC) has purchased Whamcloud, a commercial purveyor of the open-source Lustre file system, in order to fortify its position in the high-performance computing (HPC) market. The deal’s terms have not yet been announced.
Don’t Miss: RIM Grapples With Legal SINK or SWIM.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.