Rackspace Announces Startup Program and 4 Chip and Big Data Stocks to Watch
ARM Holdings plc (NASDAQ:ARMH) shares rose 0.5 percent during the afternoon after the release of a bullish note by RBC Capital Market’s Andrew Dunn. Today, Dunn began to cover the stock, giving it an Outperform rating and a price target of 800 GBP. He noted various major catalysts for the stock, which includes smartphone growth, market share gains, and record levels of licensing.
Rackspace Hosting, Inc. (NYSE:RAX) has stated that it intends to launch its Rackspace Startup Program during 2013 to provide cloud computing resources to new businesses driving growth in the UK economy. The company has a global track record of partnering with premiere startup accelerators and incubators in the USA and Australia, and it has extended its focus to include the EMEA region as it hopes to assist in powering thousands of UK startups to success. “Since launching in the US two years ago, we’ve helped over 850 startups through the programme. We’ve also worked with over 100 programme partners, including some of the top accelerators, universities, co-working spaces and VCs, and we are thrilled to launch the UK startup programme,” stated Taylor Rhodes, managing director, international at Rackspace.
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Seagate Technology PLC (NASDAQ:STX) was assigned a patent (8,313,579) that was developed by four co-inventors for a workpiece cleaning. The co-inventors are Dennis Quinto Cruz, Longmont, Colorado, David Maxwell Harrold, Longmont, CO., Grant Nicholas Hester, Longmont, CO., and Timothy Ronald Brown, Westminster, CO. The abstract of the patent that was published by the U.S. Patent and Trademark Office states: “An apparatus and associated method are provided for treating a workpiece with a cryogenic impingement fluid. A fixture supports the workpiece in an upright position and operably connects an electrical component of the workpiece to a power source in the supported position. A cryogenic impingement fluid applicator sprays a stream of the cryogenic impingement fluid against the supported workpiece and laterally moves the stream in accordance with a predetermined path. A shield deflects the stream of cryogenic impingement fluid to prevent the stream from contacting at least a part of the workpiece as the stream is moved along the predetermined path.” This patent application was filed on Nov. 12, 2009 (12/617,452).
SanDisk Corp. (NASDAQ:SNDK) rose in recent afternoon trading after a bullish initiation note was released by Credit Suisse’s J. Pitzer. Pitzer has begun to cover of SanDisk by giving it an Outperform rating and $50 price target, which is nearly 25 percent ahead of current trading levels. He notes that the calendar fourth quarter has traditionally been a time for investors to lower their exposure to the shares, but his analysts shows the belief that the normal cycle of poor NAND pricing at the year’s beginnings are to be offset by “structural, cyclical and company-specific product drivers.”
VMware, Inc. (NYSE:VMW) is teaming with A.P. Mahesh Co-operative Urban Bank to offer its solutions. The bank intends to release VMware solutions as a means to construct an enterprise-class email, calendar, and collaboration platform.Countrywide, the company possesses 39 branches, to be linked to this platform as a way to administer multiple mail servers. Umesh Asawa, who is the bank’s Managing Director, stated: “As our operations grew, we were looking for a solution that could help us address the challenges we were facing with our existing mail environment and evaluated many options before deploying VMware.”
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