VMware Adds Functionality and 4 Chip and Big Data Stocks on the Move
Broadcom Corp. (NASDAQ:BRCM): Like many semiconductor device companies, Broadcom Corp. is experiencing the sting of a sluggish global economy. However, while the chip industry should contract about 2% during 2012, Broadcom hopes to deliver 3% organic-revenue growth for the year (excluding a NetLogic Microsystems acquisition benefit), in spite of the company’s large size. Their growth benefits will come from a “communications-centric,” product portfolio, one of the fastest-growing sub-segments of the chip group.
Qualcomm Incorporated (NASDAQ:QCOM): Techno has announced that they have collaborated with leading telecommunications service providers, Airtel Nigeria and Qualcomm Incorporated, to introduce their newest range of Dual SIM 3G Android smartphones known as N3 in Lagos. The device, which is specifically designed to excite and engage Nigerian youth, will be selling for an estimated price of N13,500 in the market.
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SanDisk Corp. (NASDAQ:SNDK): According to DigiTimes, NAND flash chipmakers are readying themselves for a process transition to 16nm in 2013. Industry news sources have said that the schedule for mass production will likely be pushed back, due to yield challenges.
Western Digital Corp. (NYSE:WDC): After research firm CSLA warned that personal computer sales in beginning markets are slowing more than they previously anticipated, many stocks related to PCs are slipping. In a note to investors this morning, CLSA analyst Nicolas Baratte reported that he expects PC sales in these markets to start growing again during this quarter before increasing by 9% in 2013. The analyst continues to have a cautious view of Hewlett-Packard (NYSE:HPQ), Dell (NASDAQ:DELL), Seagate Technology (NASDAQ:STX), and Western Digital (NYSE:WDC), and he mentioned that Dell and Hewlett-Packard seem to be unable to come back from sizable share losses in the PC market. Baratte maintains Underperform ratings on Seagate, Western Digital, and Hewlett-Packard with an Outperform rating on Dell.
VMware, Inc. (NYSE:VMW): According to a blog post by Michelle Clopton, a VMware Global Support Services Communications Manager, new features and functionality have been added to My VMware software license management tool, including improvements to the My VMware dashboard for user management, license keys and contracts for channel partners and their customers. The vendor anticipates that the new My VMware release will bring “an increase in overall customer satisfaction,” she noted.