Zynga Sees New Lows and 3 Dow Movers to Eye
Zynga (NASDAQ:ZNGA) might be experiencing new lows that are helping buyout chatter to flourish, but on Monday Fortune opined that the firm’s cash generation and strong balance sheet seem to make unlikely any offer under its $10-per-share IPO price.
General Electric Company (NYSE:GE): Investors are looking for yield and several firms are currently taking advantage of the situation by issuing additional long-term bonds as they endeavor to shrink their refinancing requirements in coming years when interest rates will probably increase, says the Wall Street Journal. Thus far in 2012, investment-grade firms have sold more 30-year bonds in the United States than during any full year since 1995, according to data from Dealogic.
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Hewlett-Packard Company (NYSE:HPQ): So far, the release of Windows 8 has not ignited a pickup in orders from the PC sector for the fourth quarter, reports DigiTimes. Industry sources indicate that international chipset movers are surprised by the continued declining world demand for PC products, given the expected product release.
International Business Machines Corporation (NYSE:IBM) unveiled PureData System on Tuesday, which marks an expansion of the supplier’s PureSystems family of integrated systems that combine hardware and software. The move comes only days following Oracle’s most recent releases in its “Exa” engineered systems lineup.