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Broadcom Corp. (NASDAQ:BRCM): After a relatively flat first quarter 2012, Broadcom, a global leader in semiconductors for wired and wireless communications, posted an 8% sequential rise in revenues for a healthier second quarter. In spite of a decline in demand from Europe and a growth slowdown in Asian economies, Broadcom posted $1.9 billion in revenues with a net income of $160 million. The company claimed that the gain in shares from various markets has helped them offset the macro-economic headwinds that have impacted the semiconductor industry. Their shares traded down $0.06 (0.18%), they were recently at $33.66.
QUALCOMM Incorporated (NASDAQ:QCOM): Qualcomm has announced the release of a tablet carrying a brand new CPU, the “Pro” version of their Snapdragon S4 quad-core chip. Their shares traded down $0.21 (0.35%), they were recently at $59.13.
ARM Holdings PLC(NASDAQ:ARMH): The Department for Business, Innovation and Skills (NASDAQ:BIS), United Kingdom, Trade and Investment (UKTI), Silicon Valley Bank and ARM Holdings have collaborated to bring the United States and United kingdom together to help promote investments in Britain’s rapidly growing high-tech sectors. A conference was held in London, aimed at encouraging capitalists to get behind the emerging breed of innovative, high-growth firms and to build links between U.K fund managers and their U.S counterparts. Their shares traded down $0.32 (1.20%), they were recently at $25.93.
Seagate Technology PLC (NASDAQ:STX): After Bright Side of News reported that Seagate (NASDAQ:STX) has finalized a deal to buy the company, shares of OCZ Technology Group Inc. (NASDAQ:OCZ) are up 18% to $8.36, in pre-market trading, extending Friday’s gains. Their shares traded up $0.30 (1.00%), they were recently at $30.31.
VMware, Inc. (NYSE:VMW): The virtualization solution maker’s stocks are falling after Oracle (NASDAQ:ORCL) acquired Xsigo, a network virtualization maker, whose products provide increased asset utilization and application performance to hundreds of enterprise customers. According to Oracle, Xsigo’s product enables cloud deployment at less than 50% of the cost of competing solutions. In early trading, VMWare dropped $3.25, or 3.40%, to $92.45. Meanwhile, two other companies, Citrix Systems (NASDAQ:CTXS) and Red Hat (NYSE:RHT), are also moving lower in early trading.
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