Seagate’s EVault Expands in Brazil and 4 Chip and Big Data Stocks on the Move
Broadcom Corp. (NASDAQ:BRCM) introduced a multicore processor implemented n 28-nm CMOS manufacturing technology for classification, forwarding, and security processing of IPv6 network data. Broadcom began to sample the NLA12000 series of processors with production volumes that are slated for 2013′s first half.
ARM Holdings plc (NASDAQ:ARMH) stock keeps the Outperform rating given to it by RBC Capital in a note that was issued to investors on Tuesday.As of now, they have a $13.37 (830 GBX) target price on the stock.
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Seagate Technology PLC (NASDAQ:STX): EVault, which is a Seagate Company, claims that it intends to expand further into the Brazilian market by partnering with the Alcateia Group, which is an IT solutions provider located in Brazil. Alcateia was was decided upon as the Brazilian distributor for the full range of EVault cloud-connected services, such as the EVault SaaS, EVault Endpoint Protection, and EVault Cloud Disaster Recovery Service.
SanDisk Corp. (NASDAQ:SNDK) keeps its Buy rating from Lazard, according to a research note that was released on Tuesday morning. Now, they possess a $55.00 price target on the stock.
VMware, Inc. (NYSE:VMW) corporate blog said that “VMware and [its parent company] EMC (NYSE:EMC) are committing key existing technology, people and programs from both companies focused on Big Data and Cloud Application Platforms under one virtual organizationthe Pivotal Initiativeled by Paul Maritz, Chief Strategy Officer of EMC.” The companies predict that they will have the ability to formally unite these resources by 2Q13, and a specific operational structure is to be determined, the posting said. The companies stated that almost 600 employees from VMware and 800 employees from EMC is to join the new group, including the majority of employees and resources currently working within EMC’s Greenplum and Pivotal Labs organizations and VMware’s vFabric, Cloud Foundry, and Cetas organizations.