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Intel Corporation (NASDAQ:INTC): Following weak data from Gartner and IDC for Q2, PC-related brands have underperformed a little. MSFT -1.6%. INTC -1.8%. DELL -1.4%. HPQ -1.8%. NVDA -1.5%. The share losses for Dell and HP cause some concern, while the companies fight Apple’s competition as well as competition from a good number of Asian manufactures (topped by Lenovo) aggressively competing on price. Recently, there have been many estimate cuts, and Morgan Stanley cut Microsoft’s estimates yesterday.
General Electric Company (NYSE:GE) mortgage unit stated that it refuses to give loans to anyone who took out a payday loan, The Telegraph reports. Micron Technology, Inc. (NASDAQ:MU): A group of unsecured Elpida bondholders have filed court documents in Tokyo suggesting another proposal other than Micron’s (NASDAQ:MU) sponsorship and acquisition of assets of Elpida Memory. Barclays Capital’s analysis indicates that it is not likely there will be a material impact on the outcome because of a vote against the deal by a few unsecure bondholders.
Sirius XM Radio Inc (NASDAQ:SIRI): According to billionaire John Malone, his effort to gain control of Sirius XM Radio Inc. (NASDAQ:SIRI) could lead to a spinoff of the company. Six weeks ago, Malone’s Liberty Media Corp. (LMCA) announced its intentions to gain control of Sirius following its reception of FCC approval. Yesterday, Molone said that the goal is a spinoff of Sirius, keeping with the history of Liberty transforming its properties, including DirectTV and Liberty Global Inc., into its own publicly held company.
Ford Motor Company (NYSE:F) has fallen to 25 cents higher than last October’s 52-week low before it surged 38% higher in January, reaching $13. General Motors is lower than $20 again as well as being near a new post-IPO low. The company is in the same position as last Christmas before it ran 43% higher in mid-February, reaching $27.
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