Important Stock News & Updates: Advanced Micro Devices, BlackBerry, Citigroup,
Nokia, Alcatel Lucent
NEW YORK, October 30, 2013
NEW YORK, October 30, 2013 /PRNewswire/ --
Market Buzz Report, an investment community, reports Important Stock News &
Updates on Advanced Micro Devices, Inc. (NYSE: AMD), BlackBerry Ltd (NASDAQ:
BBRY), Citigroup Inc (NYSE: C), Nokia Corporation (NYSE: NOK), Alcatel Lucent
SA (NYSE: ALU).
Advanced Micro Devices, Inc. (NYSE: AMD)'s Radeon R9 290x has been a mystery
since it was revealed last month but the firm is now disclosing complete
details about the card to stores.
Due to its $549 price, it is a huge leap in performance over the $299 R9 280X
and has 2,816 stream processors with a wider 512-bit memory bus as well as a
bigger 4GB of video RAM.
What Hedge Funds Are talking About AMD? Get Latest Fund Activities
The board would be collect 5.6TFLOPs of general computing power and has been
built with 4K graphics in mind. Importantly, it also gives a lot at the price
as a number of websites have shown R9 290X outperforming even GeForce GTX780
but one needs to tolerate noisier cooling but it may be a good part for the
BlackBerry Ltd (NASDAQ: BBRY) executives flew to California for meeting
Facebook for measuring the interest in a potential bid for the smartphone
maker. However, there is no clarity on the part that Facebook is putting a bid
on the firm and none of the firms commented on the matter.
Any deal would be an option to the tentative $9 a share offer from the
consortium led by its largest investor, Prem Watsa's Fairfax Financial
Holdings Ltd, which is looking to purchase BlackBerry for $4.7 billion. Some
other firms are also looking at the firm's books for deciding on whether to
make an offer.
What Analysts Are Doing With BBRY After The Latest News? Let'go Here and Find
Largest producer of wind turbines in US, General Electric, would be supplying
22.8 megawatts of systems to Toto Costruzioni SpA for a power plant located in
The order would be the first for the firm's 2.85-megawatt turbines in Italy
but no terms were revealed. Italy is looking to install 560 megawatts of wind
power a year by 2020 for meeting the goal of European Union to generate 20
percent of electricity from renewable sources. The project would be able to
generate power for about 15,000 homes in Italy's Puglia region.
Citigroup Inc (NYSE: C) is looking to sell mortgage servicing rights on loans
having value of $63 billion or about 21 percent of the total contracts.
As regulations rise and refinance business taking a hit, the bank is scaling
back. The bank ownes servicing rights on $301 billion of mortgage balances at
the end of June. The firm's shares were up by 0.1%.
Is C The Best Stock In The Financial Sector? Don't Wait, Just Get The Free
Finnish handset maker Nokia Corporation (NYSE: NOK) came out with losses in
quarter three as sales at handsets unit being sold to Microsoft continued to
fall. But, the firm has given a sanguine outlook on continuing operations as
well as networks unit resulting in increase in stock prices.
IS NOK Ready To Beat AAPL In The Smartphone Market? Get The Shocking Report
The firm's quarter three net loss was 91 million euros vis-a-vis net loss of
969 million euros a year earlier whereas revenues plummeted by 20 percent to
5.6 billion euros. But, the firm has stated that the network operations have
seen net profit surged by 33 percent and is expected to have positive
operating margin of about 12 percent in last quarter with net sales growing on
sequential basis. The firm's shares were up by 7 percent at 5.34 euros.
Nokia sold 8.8 million smartphones during the period, all Lumia products, up
by 40 percent from a year earlier. In quarter three, it sold 6.3 million
smartphones and demand increased strongly in US, one of the tougher markets.
But, it was not enough to keep Nokia to give negative outlook for services as
well as devices which it would be selling to Microsoft Corp. for $7.2 billion.
The firm was optimistic about the remaining operations, Nokia Networks and
CFO Timo Ihamuotila opined that the firm is in a decent shape without services
and devices unit, which saw net sales reduce by 19 percent in the quarter to
2.9 billion euros.
Ihamuotila confirmed that the firm would be investing in location as well as
Even though the firm is no.2 in mobile phone sales overall with a 15.5 percent
global share, it is because of older, non-smartphones which sell in some
The firm reiterated strategy to save 3 billion euros in operating costs by the
end of 2013.
Earlier in January, Alcatel Lucent SA (NYSE: ALU) brought out new tablets
which would debut in quarter three. Some came in August but a new report shows
a new colorful 7-inch tabs from Alcatel.
Why ALU's stock Has Recovered So Fast Recently? Get The Shocking catalyst
This one seems to be a part of OneTouch Pop family akin to recent budget
handsets which should be a part of store soon. There is also a translucent
flip-cover to ensure that it remains clean.
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