QUALCOMM Faces Suit and 4 Chip and Big Data Stocks on the Move
Intel Corporation (NASDAQ:INTC) joined many tech companies hoping to revolutionize television, but it has seen some resistance in Hollywood. Forbes reports that Intel wishes to launch an Internet-based TV service removing the big bundle of channels that come with cable or satellite TV. Instead, subscribers would have the ability to select the channels they want in more of an à la carte manner, and this would stream to any device with an Internet connection. A beta may potentially be released as soon as March, the report stated.
Broadcom Corp. (NASDAQ:BRCM): A report published Wednesday from ABI Research claims that Broadcom is the top supplier for chips that power Bluetooth, Wi-Fi, satellite positioning, near-field communications and ZigBee communications, adding that these will “continue to dominate” in 2013.
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QUALCOMM Incorporated (NASDAQ:QCOM): New York State Comptroller Thomas P. DiNapoli has stated that the New York State Common Retirement Fund filed suit in a Delaware court against Qualcomm to obtain the right to inspect the company’s books and records to decide the ways in which shareholder funds are being spent for political purposes.
Rambus Inc. (NASDAQ:RMBS): U.S. District Judge Sue Robinson in Wilmington, DE, has barred Rambus from the use of 12 of its patents as a way to demand royalties from Micron Technology (NASDAQ:MU) due to it improperly destroying documents that are related to intellectual-property litigation, according to Bloomberg.
EMC Corporation (NYSE:EMC) and Lenovo are both shareholders of LenovoEMC Ltd, and Lenovo holds the majority interest. The partnership has not been considered material to either company’s fiscal year earnings. Also, the global strategic partnership between Lenovo and EMC Corporation includes an x86 server technology development program, along with an OEM and reseller relationship for EMC’s storage solutions.
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