Qualcomm EYES Opportunity in India and 4 Chip and Big Data Stocks on the Move
QUALCOMM Incorporated (NASDAQ:QCOM): Qualcomm Ventures, the venture capital arm of Qualcomm, intends to quicken the pace of its investments in India. The company has invested in around 10 technology ventures in the country and views the soaring mobile penetration as a window of opportunity. The shares traded up $0.51 (0.89%) recently at $57.29.
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Seagate Technology PLC (NASDAQ:STX): With quarterly results coming, most analysts reduced HDD estimates for both Seagate and Western Digital (NYSE:WDC) blaming ongoing PC market weakness. The shares traded down $0.19 (0.74%) recently at $26.26.
SanDisk Corp. (NASDAQ:SNDK) claims that its net income fell since the company sold fewer memory chips to mobile device makers, but the results did surpass analyst expectations. SanDisk states that there was ‘‘short-term weakness’’ in sales to mobile device makers. The company adds that retail sales remained strong, and it saw higher demand from businesses and companies for solid-state drives which are becoming more and more popular in home and office computers. The shares traded up $0.05 (0.11%) recently at $39.70.
Western Digital Corp. (NYSE:WDC) is expected to report Q4 earnings following the Wednesday, July 25 market close, in a conference call which is scheduled for 5:00 pm ET. The consensus estimate is $2.47 for EPS and $4.25 billion for revenue, according to First Call. The shares traded up $0.69 (2.17%) recently at $32.46.
VMware, Inc.’s (NYSE:VMW) ability to keep high growth rates seems to be slowing as annual revenues reach $5 billion. The shares traded down $1.55 (1.74%) recently at $87.34.
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