Rajeev Suri, Nokia Corporation (ADR) (NYSE:NOK)’s new chief executive officer who takes over after the wireless-technology provider sold its phone unit to Microsoft Corp. (MSFT), is set to receive a salary smaller than his predecessor Stephen Elop did. Nokia Corporation (ADR) (NYSE:NOK) shares after opening at $7.41 moved to $ 7.54 on last trade day and at the end of the day closed at $7.50 . Company price to sales ratio in past twelve months was calculated as 1.60 and price to cash ratio as 2.20. Nokia Corporation (ADR) (NYSE:NOK) showed a positive weekly performance of 2.74%.
Sprint Corporation (NYSE:S), the third largest wireless carriers in the United States plans to pursue a takeover bid for its smaller rival T-Mobile US Inc (NYSE:TMUS) after meeting with banks to arrange a debt financing for the proposal, according to Bloomberg based on information from sources familiar with the situation. Sprint Corporation (NYSE:S) shares advanced 2.78% in last trading session and ended the day on $8.50. S return on equity ratio is recorded as -12.80% and its return on assets is -4.10%. Sprint Corporation (NYSE:S) yearly performance is 20.57%.
The Intel Corporation (NASDAQ:INTC)announced plans to invest $6 billion to upgrade its Kiryat Gat facilities. The government has offered the chip maker a $700 million investment grant for Intel’s proposal, but it could end up being as high as $1 billion. Intel Corporation (NASDAQ:INTC) shares moved up 0.79% in last trading session and was closed at $26.69 while trading in range of $26.22 – $26.70 – Intel Corporation (NASDAQ:INTC) year to date (YTD) performance is 3.81%.
Cisco Systems, Inc. (NASDAQ:CSCO) has scheduled a conference call for Wednesday, May 14, 2014, at 1:30 PM (PT) to announce its third quarter fiscal year 2014 financial results for the period ending Saturday, April 26. Cisco Systems, Inc. (NASDAQ:CSCO) weekly performance is -1.66%. On last trading day company shares ended up $23.11. Cisco Systems, Inc. (NASDAQ:CSCO) distance from 50-day simple moving average (SMA50) is 3.91%. Analysts mean target price for the company is $23.84.
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