Intel Wins Patent Fight and 4 Chip and Big Data Stocks on the Move
Intel Corporation (NASDAQ:INTC) won an appeal in a patent fight with Negotiated Data Solutions LLC (N-Data) over Ethernet patents that make it possible for computers to easily talk to one another. The United States Court of Appeals for the Federal Circuit made a ruling saying that Intel did not infringe the patents because they were licensed from National Semiconductor Corp in 1976. National had assigned the patents to Vertical Networks Inc in 1998 which assigned them to N-Data.
Broadcom Corp. (NASDAQ:BRCM) shares increased by 1.59% to $32.56 mid-day. The company introduced their newest smartphone platform optimized for the Android 4.2 Jelly Bean operating system (OS). Powered by the BCM21664T 1.2GHz HSPA+ cellular baseband, the 3G platform delivers strong performance capabilities at faster data speeds.
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QUALCOMM Incorporated (NASDAQ:QCOM): According to the research firm Gartner, the wireless chip company rose to become the number 3 semiconductor vendor worldwide this year by revenue.
ARM Holdings PLC. (NASDAQ:ARMH): Sanford C. Bernstein reissued the market perform rating on shares of ARM Holdings in a research report released Monday morning. Sanford C. Bernstein currently has a $8.50 price target on their stock.
Seagate Technology PLC (NASDAQ:STX): EVault, a Seagate Technology company, announced a partnership with Fujitsu (FJTSY). This strategic collaboration will allow Fujitsu to expand and enhance their backup and recovery portfolio by bringing to market a series of comprehensive hybrid cloud services that will allow customers to use cloud back up effectively.
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