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ARM Holdings plc (NASDAQ:ARMH) took this week to make good on the promises it made late last year, launching a GPU trio based on its Mali-T6xx “Midgard” architecture. Currently, the mobile graphics market is overflowing with designs by Qualcomm, Inc. (NASDAQ:QCOM) (makers of Adreno), NVIDIA Corp.’s (NASDAQ:NVDA) (makers of mobile GeForce derivatives), and Imagination Technologies Group Plc.’s (LON:IMG) (makers of PowerVR). However, ARM, whose licensed intellectual property (NYSE:IP) CPU cores and titular instruction set leads the mobile market, broke onto the smartphone graphics market in a big way, because of its inclusion in top Android manufacturer Samsung Electronics Comp., Ltd.’s (KSC:005930) handsets.
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Rackspace Hosting, Inc. (NYSE:RAX) has brought its OpenStack implementations to market, and it is rebranding itself as “the open cloud company.” The company’s name, Rackspace Hosting, has not been changes, but a new logo and the rebranding reflects how the IT market, or at least the perception of the IT market, has changed in the era of cloud computing.
EMC Corporation (NYSE:EMC) is offering businesses a high-end disk archive for their mainframe systems which should provide them with an alternative to physical tape libraries, which can be problematic, mainly for such areas as disaster recovery. With EMC’s new DLm8000, which was introduced on Aug. 6, large enterprises who use IBM’s z/OS mainframe systems can move from tapes to disk for their backup and archiving needs. The DLm8000, which leverages EMC’s Symmetrix VMAX enterprise storage array, ensures synchronous data replication for disaster recovery, ensuring consistency of tape data at production and backup sites, states EMC officials.
Seagate Technology PLC (NASDAQ:STX) had its “neutral” rating reiterated by analysts at Zacks. The company now has a $32.00 price target on the stock. According to Zacks analyst, Seagate reported a better than Q3 than expected, with a great deal of improvement in revenue and EPS surpassing the Zacks Consensus Estimate. The positions of Seagate in the HDD vertical is impressive and the company is witnessing steady growth in LTAs (long term agreements), which should lend stability to its revenue stream. Although the current uncertainty in the PC market is still an overhang and competitive offerings from rivals should be available soon in sufficient volumes. Seagate’s strong foothold in the Enterprise SSD market will also assist it in gaining healthy revenue growth in fiscal 2012 and beyond, which will improve its margins.
SanDisk Corp. (NASDAQ:SNDK) is not planning a major increase in NAND flash production until “sometime in 2013,” although demand has outstripped supply in the midst of growing sales of smartphones, tablets and solid-state drives (SSDs), company executives stated on an earnings call.
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