Nokia Corporation (ADR) (NYSE:NOK) said on Wednesday it was appealing a ruling last week by the Delhi High Court which said the company must pay deposits on tax claims by local authorities in order to transfer assets related to its mobile phone business to Microsoft. Nokia Corporation (ADR) (NYSE:NOK) stock opened at $7.13 in last session, and closed at $7.15, while the day range of NOK stock is $7.12 – $7.22. The stock showed a positive weekly performance of 6.88%.
Citigroup’s analyst recently pitched the idea that Marvell Technology Group Ltd. (NASDAQ:MRVL) would be an ideal fit for Intel’s foundry. The argument is that Marvell would benefit, particularly in its mobile & wireless division, from the performance advantages that the 22-nanometer FinFET process from Intel would offer. Marvell Technology Group Ltd. (NASDAQ:MRVL) stock opened at $14.88, in last session and closed at $15.25, by gaining 2.90%. The 52 week range of MRVL is $9.16 – $15.82. Company’s market capitalization is $7.50billion.
Ericsson (ADR) (NASDAQ:ERIC) has launched the Future TV Anywhere platform. Based on Web and cloud technologies, the Future TV Anywhere software is described by Ericsson (ADR) (NASDAQ:ERIC) as a service platform that makes it possible for TV operators to quickly respond to a changing marketplace, enabling the efficient deployment and scale of services while accommodating the intense loads associated with live TV. Ericsson (ADR) (NASDAQ:ERIC) stock decreased -1.03% and finished the last session at $12.54. The EPS of the stock remained -0.04. Company’s market capitalization is $41.44billion.
To enhance user surfing experience, the American fables semiconductor company decided to create a better 4G technology intended for the use of mobile phones that cost less than $300. With the new reference platform, low-cost smartphones will be able to run on the rapidly expanding 4G Long Term Evolution (LTE) networks, said Robert Rango, executive vice president and general manager of Broadcom Corporation (NASDAQ:BRCM)’s Mobile and Wireless Group. Broadcom Corporation (NASDAQ:BRCM) stock opened the session at $30.74, and closed the session at $30.81. The 52 week range of the BRCM stock remained $23.25 – $37.85 and the day range was $30.66 – $31.09.
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