BMO Capital upgraded Intel Corporation (NASDAQ:INTC) to reflect general improvements in fundamentals and a more consistent message relating to end markets, progress on the SoC front, pragmatism by management, stabilizing PC market trends, and relative valuation. Price target raised to $31 from $21. Intel Corporation (NASDAQ:INTC) stock opened at $26.01 in last trading session, and closed at $26.51, trading in the range of $25.90 – $26.55. The stock showed a positive/negative weekly performance of 3.60%.
Electronics For Imaging (EFII) announced it has appointed David Reeder Chief Financial Officer, following his recent experience as the head of finance for Cisco Systems, Inc. (NASDAQ:CSCO) Enterprise Networking Group. Marc Olin, who has served as the Cisco Systems, Inc. (NASDAQ:CSCO)’s Interim Chief Financial Officer since September, 2013, has been appointed to the newly created role of Chief Operating Officer. A search is underway to fill Marc Olin’s previous position as General Manager, Productivity Software Business. Cisco Systems, Inc. (NASDAQ:CSCO) shares closed at $22.41 on last trade day, by gaining 0.99%. Stock 52 week range is $19.98 – $26.49. Company’s market capitalization is $119.82 billion.
Advanced Micro Devices, Inc. (NYSE:AMD)’s Kaveri APU With Radeon R7 Graphics Targets Mainstream, Power-Efficient Computing. Advanced Micro Devices, Inc. (NYSE:AMD) stock opened at $4.14 in last trading session and closed at $4.30. The 52 week range of the stock is $2.26 – 4.65 and the day range was $4.13 – $4.30.
CBI Plans New Strategy for Facebook Inc. (NASDAQ:FB), Twitter. Investigating agencies should exploit social networking sites for their “overt, discreet and covert” probe by digging out profile photos, status messages and following the users, CBI has recommended. While the government wants to “check” mischievous use of social networking sites, CBI wants to harness potential of the virtual world for “collection of information and intelligence from public”. Facebook Inc. (NASDAQ:FB) stock boosted 3.27% and finished the last session at $57.74. The EPS of Facebook Inc. (NASDAQ:FB) remained 0.48. Company’s market capitalization is $140.62 billion.
Microsoft Corporation (NASDAQ:MSFT) Rises Despite Downgrade. Microsoft may have risen Tuesday because GameStop informed investors Tuesday of a larger-than-expected decline in sales in the fourth quarter for SonyPlayStation 3 and Microsoft Xbox 360 games. But that decline also came with a 99.8% increase in new hardware sales, driven by the Sony PlayStation 4 and Microsoft’s Xbox One. Microsoft Corporation (NASDAQ:MSFT) stock opened at $34.73 in last trading session and closed at $35.78. The 52 week range of the stock is $26.76 – $38.98 and the day range was $34.63 – $35.88.
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