Intel May Cut Chip Costs and 4 High Demand Stocks Friday
Research In Motion Limited (NASDAQ:RIMM): Though Research in Motion (NASDAQ:RIMM) is reducing its staff by about one third, CNet reports that the company still wants to hire a few dozen developers and developer-outreach employees. They are searching for 10 BlackBerry developer evangelists in seven countries, as well as a handful of platform experts, web developers, and marketing employees.
Don’t Miss: AT&T Wants To Save Your Stolen Phone.
Microsoft Corporation (NASDAQ:MSFT): CNet reports that Microsoft (NASDAQ:MSFT) confirmed its Xbox Live network is down and that they are working on a fix. Their Xbox Live Status page, said, they are experiencing difficulties and are working to resolve the issue.
JPMorgan Chase & Co. (NYSE:JPM): According to Bloomberg, after the European Central Bank lowered deposit rates to zero, JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and BlackRock (NYSE:BLK) closed European money market funds to new investments.
Informatica Corporation (NASDAQ:INFA): The company reported preliminary Q2 EPS of 27c-28c, which are below the consensus of 37c, on preliminary revenue of $188M-$190M, and the consensus of $217.15M. The company also forecasts Q2 license revenues of $70M-$72M and service revenues of $117M-$119M. Informatica announced that Paul Hoffman, executive VP and president of Worldwide Field Operations, plans to retire from his full-time position by the end of 2012.
Intel Corporation (NASDAQ:INTC): Hoping to drive down the cost of Ultrabooks, which are competing with Apple’s MacBook Air, tablets and new systems powered by Advanced Micro Device processors, Intel officials may consider cutting the cost of certain low-power chips. Initially, they hoped to sell their Ultrabooks for $1,000, but tablets with prices of less than $500 continue eating into notebook sales. The move to lower the price of Ultrabooks has been a key challenge for the chip maker since the introduction of this notebook form factor in 2011.
Don’t Miss: Is Amazon Ready to CHALLENGE the Apple iPhone?
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.