Micron Technology in ACQUISITION Talks and 3 Heavily Traded Shares Rounding Out the Week
Micron Technology, Inc. (NASDAQ:MU) and “a few other companies” have also been in talks with OCZ regarding a possible acquisition.
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Cemex SAB de CV (NYSE:CX) operating EBITDA rose 11 percent to $702 million during the quarter. Operating income during Q2 rose 43 percent to $368 million.
Nokia Corporation (NYSE:NOK) Long-term Issuer Default Rating and senior unsecured rating has been downgraded to ‘BB-’ from ‘BB+’ by Fitch. There is a negative outlook on the Long-term IDR. Previously, Fitch guided that it would take a negative rating action if not convinced in Nokia’s ability to stabilize revenue declines and to be able to gain positive single digit operating margins in its division of Devices and Services. The release of the company’s Q2 results suggests that the company is far from this position, according to the rating agency.
Intel Corporation (NASDAQ:INTC): AMD (AMD -11.9%) has fallen to levels not seen since ’09 following is Q3 guidance with its Q2 report, which together stoke fears regarding weak PC demand and share losses which arose after the company’s July 9 warning. Webush downgrades shares to Neutral, stating that AMD suffers from notebook CPU share losses, weak desktop channel demand, inventory build-up, and a slowing uptake for Bulldozer server CPUs, which compete with Intel’s Romley.
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