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Intel Corporation (NASDAQ:INTC), the largest semiconductor maker in the world, has agreed to an investment of at least $4.1B in Dutch chip-equipment maker ASML Holding NV (NASDAQ:ASML) in an attempt to subtract two years from the time in order to adopt new techniques for production.
QUALCOMM Incorporated (NASDAQ:QCOM): Big Shoe Bazaar India Pvt Ltd., the top online wholesale cash and carry company, has increased INR 100 Cr in Series C round of funding headed by Fidelity Growth Partners India and Qualcomm Incorporated, via its arm for venture capital investment, Qualcomm Ventures. Existing investors like Nexus Venture Partners and Catamaran were also involved. Big Shoe Bazaar also owns and licenses Yebhi.com, the fastest growing mass market ecommerce site in India.
Rambus Inc. (NASDAQ:RMBS), one of the world’s most prominent companies for technology licensing, has announced the joining of Rich Page as a Fellow. Page is a respected expert within the computer industry, and he has a number of hardware and software contribution which have shaped the evolution of the PC.
Rackspace Hosting, Inc. (NYSE:RAX) will announced it support of the anticipated Windows Server 2012 enterprise operating system at Microsoft s World Partner Conference, which is set to begin in Toronto on July 9. Although other cloud providers will also support Windows Server 2012, Rackspace’s chief technology officer John Engates states that Rackspace’s offering is different than others, i.e. Amazon Web Services (AWS), because of the level of service and support it offers to customers, adding that AWS’s offering is “self-manage.”
Seagate Technology PLC (NASDAQ:STX) outlook was lowered Thursday raising concerns that the PC market was becoming slower more quickly than expected. Last month, GeekWire released a report stating that Nomura Securities analyst Rick Sherlund, in a note to clients, revealed that Gartner Inc. reduced its projected 2012 PC shipment growth rate to 0.9% from the previously forecast 4.4 percent. Five Star Equities studies the outlook for the Data Storage Devices Industry providing equity research on Seagate and Western Digital Corp. (NASDAQ: WDC).
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