Intel IMPACTED by Lenovo Launch Delay and 3 Dow Movers Making Waves
EI DuPont de Nemours & Co. (NYSE:DD): The United States House of Representatives is trying to complete its work on a farm bill and related drought relief payments for farmers, prior to the August recess, says Politico. Republicans are looking at the possibility of extending the expiring farm bill by one year along with adding disaster aid for some farmers, but the top Democrat on the House Agricultural Committee opposes such a shortcut.
General Electric Company (NYSE:GE): ePlus (NASDAQ:PLUS) says that its subsidiary, ePlus Technology, Inc., has amended and reaffirmed its credit facility with GE Commercial Distribution Finance Corp., or GECDF. The facility is comprised of both a floorplan component and an accounts receivable component, and was originally entered into on August 31, 2000, having been amended several times. The facility is for the financing of inventory and accounts receivable linked to the sale of computer tech, peripherals and software products. The modification provides ePlus Technology with a total credit limit of up to $175 million, which marks an rise of $50 million over the prior agreement, with a sub-limit of $30 million for the accounts receivable component; ePlus Inc. will guarantee this facility up to a limit of $10.5 million. Either party may terminate the new agreement with proper notice given.
International Business Machines Corp. (NYSE:IBM) is not considering a $6 billion acquisition of Mellanox (NASDAQ:MLNX), and neither is Oracle (NASDAQ:ORCL) according to its chief executive, who is denying the rumors, says Globes.
Intel Corporation’s (NASDAQ:INTC) plan for the growth of its android tablet PC will be affected by the delay of the intro of Lenovo (LNVGY) and Motorola’s (NASDAQ:GOOG) Medfield/Android tablet until after November, reports upstream suppliers to Digitimes.
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