Rumors have been swirling that Apple Inc. (NASDAQ:AAPL) is coming up with a team to develop its own baseband processor, and such reports have sent jitters among Qualcomm investors, says a report from Street Insider. Presently, Apple relies on Qualcomm for its baseband needs, and this contributes as much as 15%-18% to its sales, claims Nomura Securities analyst Romit Shah. Apple Inc. (NASDAQ:AAPL) shares after opening at $519.00 moved to $522.83 on last trade day and at the end of the day closed at $519.61. Company price to sales ratio in past twelve months was calculated as 2.66 and price to cash ratio as 11.38. Apple Inc. (NASDAQ:AAPL) showed a negative weekly performance of -2.30%.
AU Optronics Corp. (ADR) (NYSE:AUO) is a $3.38 billion company involved in the manufacturing of flat panel displays and solar cells. Shares of the company have been active in recent times. The excitement in the stock can be linked to the company’s increasing interest in solar energy business which currently has very positive outlook. AU Optronics Corp. (ADR)(NYSE:AUO) shares fell -0.51% in last trading session and ended the day on $3.90. AUO return on equity ratio is recorded as -5.90% and its return on assets is -1.70%. AU Optronics Corp. (ADR)(NYSE:AUO) yearly performance is -10.34%.
Neo Photonics Corp (NYSE:NPTN) of San Jose, CA, a vertically integrated designer and manufacturer of both indium phosphide (InP) and silica-on-silicon photonic integrated circuit (PIC)-based modules and subsystems for high-speed communications networks, has filed with the US Securities and Exchange Commission (SEC) amended Form 10-Q reports with restated financial results for first and second quarters 2013, respectively, together with its Form 10-Q report for third-quarter 2013 (for which it reported revenue alone last November).Neo Photonics Corp (NYSE:NPTN) shares moved down -3.19% in last trading session and was closed at $6.67, while trading in range of $ 6.40 – 6.84. Neo Photonics Corp (NYSE:NPTN) year to date (YTD) performance is -5.52%.
Sony Corp (ADR) (NYSE:SNE) is requesting that owners of its Vaio Fit 11A laptop stop using it, after discovering that the PC’s battery is capable of overheating and catching fire. SNE has already received three reports of computers being partially burned. Sony Corp (ADR)(NYSE:SNE) weekly performance is -3.42%. On last trading day company shares ended up $18.38. Sony Corp (ADR)(NYSE:SNE) distance from 50-day simple moving average (SMA50) is 4.59%. Analysts mean target price for the company is $21.51.
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