Tech Runners: Nokia Corporation (NYSE:NOK), EMC Corporation (NYSE:EMC), Advanced Micro Devices (NYSE:AMD), BlackBerry Ltd (NASDAQ:BBRY)

Posted by on Apr 11, 2014

Finland’s Nokia Corporation (ADR) (NYSE:NOK) announced on Tuesday that it had secured clearance from Chinese competition authorities for the selling off its mobile phone business to Microsoft Corporation. Nokia Corporation (ADR) (NYSE:NOK) shares after opening at $7.81 moved to $7.84 on last trade day and at the end of the day closed at $7.64. Company price to sales ratio in past twelve months was calculated as 0.85 and price to cash ratio as 3.95. Nokia Corporation (ADR) (NYSE:NOK) showed a positive weekly performance of 0.26%.

EMC Corporation (NYSE:EMC) is a company on a transition having made a huge leap on its effort of maintaining its status as a leader in data storage. The company continues to cement its position with growth of its market share in external disk storage business. When the current CEO took office in 2000, he faced the biggest challenge of reviving the company amidst the dot com crash that saw the company’s annual revenue crashing from highs of $8.8 billion to lows of $5.4 billion. EMC Corporation (NYSE:EMC) shares fell -1.60% in last trading session and ended the day on $27.00. EMC return on equity ratio is recorded as 12.90% and its return on assets is 6.70%. EMC Corporation (NYSE:EMC) yearly performance is 19.84%.

Advanced Micro Devices, Inc. (NYSE:AMD), has witnessed 11% drop in the shares after a weak revenue forecast. Advanced Micro Devices, Inc. (NYSE:AMD) shares moved down -3.27% in last trading session and was closed at $3.85, while trading in range of $3.84 – $4.01. Advanced Micro Devices, Inc. (NYSE:AMD) year to date (YTD) performance is -0.52%.

BlackBerry Ltd (NASDAQ:BBRY) would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships. BlackBerry Ltd (NASDAQ:BBRY) weekly performance is -6.69%. On last trading day company shares ended up $7.67. BlackBerry Ltd (NASDAQ:BBRY) distance from 50-day simple moving average (SMA50) is -17.85%. Analysts mean target price for the company is $10.90.

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