Advanced Micro Devices, Inc. (NYSE:AMD) has managed to do everything to satisfy its investors. It has put in a very good performance in 2013 and the last quarter has been particularly good. But, are the investors satisfied? The weak guidance seems to have spooked off the investors. Advanced Micro Devices, Inc. (NYSE:AMD) expects a fall of 16% sequentially in the first quarter revenues, analysts are expecting it to be 11%. Even the gross margins are depressing; they are around 35% only. With the focus on low margin chipsets, the gross margins may remain depressed for some time. Advanced Micro Devices, Inc. (NYSE:AMD) stock opened today at $3.60 and is currently trading at $3.53. The stock showed a negative weekly performance of -19.02%.
Micron Technology, Inc. (NASDAQ:MU) Director Robert E. Switz unloaded 30,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $23.03, for a total transaction of $690,900.00. Following the completion of the sale, the director now directly owns 167,709 shares in the company, valued at approximately $3,862,338. Micron Technology, Inc. (NASDAQ:MU) stock opened at $23.50, in current trading session and currently is at $23.21, by losing -1.90%. The 52 week range of $7.54 – $24.50. Company’s market capitalization is $24.61 billion.
Sprint Corporation (NYSE:S) confirmed that it does not intend to bring back the Nextel brand, reports FierceWireless, citing Sprint spokesman John Votava. Sprint Corporation (NYSE:S) stock is open trading at $8.87 and currently trading at $8.71. Company’s market capitalization is $35.07 billion.
Verizon Communications Inc. (NYSE:VZ) recently enhanced fourth generation (4G) Long Term Evolution (LTE) network coverage in Naugatuck, Connecticut. 4G LTE empowers Verizon Wireless customers with compatible devices to surf the Web, post status updates and photos, and download files wirelessly at speeds up to 10 times faster than customers on 3G networks. Verizon Communications Inc. (NYSE:VZ) stock opened the session at $47.61, and now is at $48.02. The 52 week range of the VZ stock remained $42.34 – $54.31 and the day range was $47.51 – $48.51.