Most Active Stocks April 11th: Microsoft, Renren, GE, Cisco Systems
Microsoft Corporation (NASDAQ:MSFT): AT&T (NYSE:T), Nokia (NYSE:NOK), and Microsoft (NASDAQ:MSFT) may still need to do more work educating AT&T’s salesforce on how to sell the new Lumia 900, according to CNET, which said that visits to New York area stores revealed associates had little knowledge of the product and were reluctant to recommend the device. Associates were unwilling to recommend the phone for purchase, with one being quoted as saying, “Windows Phone is alright. But it’s no iPhone.”
Renren Inc (NYSE:RENN): Renren, China’s leading real-name social networking internet platform, announced its partnership with Intel (NASDAQ:INTC) and Feitian, a leading innovator of security technologies and applications, to introduce Intel Identity Protection Technology, or IPT, to Renren.com SNS platform.
General Electric Company (NYSE:GE): GE Healthcare announced the preliminary results of two Phase 3 studies of its investigational PET amyloid imaging agent, flutemetamol, where both studies met their primary endpoints. One study, in terminally ill patients who agreed to undergo brain autopsy, showed strong concordance between flutemetamol PET images and Alzheimer’s disease-associated beta amyloid brain pathology. The other study, in young healthy volunteers under age 40, had results concordant with the known lack of brain amyloid in this population. Full results of these studies will be presented in the coming months. Flutemetamol is a GE Healthcare PET imaging agent in development for the detection of beta amyloid.
Cisco Systems, Inc. (NASDAQ:CSCO): Intel (NASDAQ:INTC) predicted that the entry-level prices of Ultrabook laptop computers would fall below $700 in time for the back to school shopping period this Fall, according to The Verge. Meanwhile, the chip maker said that 75 more varieties of Ultrabooks would be released in coming months, in addition to the 50 new designs that the company previewed earlier this year, the publication reported.
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