Ericsson (ADR) (NASDAQ:ERIC) has created two new business units by bifurcating its business unit “Networks” into two new units. The new business units are Cloud & IP and Radio. The company hopes to leverage the changes to better focus on the requirements of each business while maintaining a complete view on the complete network operations. The new units are expected to come into effect on July 1. Complete change is expected to be finalized during the third quarter of this fiscal. Ericsson (ADR) (NASDAQ:ERIC) shares after opening at $12.02 moved to $12.03 on last trade day and at the end of the day closed at $11.98. Company price to sales ratio in past twelve months was calculated as 1.16 and price to cash ratio as 3.42. Ericsson (ADR) (NASDAQ:ERIC) showed a negative weekly performance of -2.44%.
The Intel Corporation (NASDAQ:INTC) has announced a multi-billion dollar upgrade to its plant in Kiryat Gat. The investment plan, worth approximately $5-6 billion, includes a deal between the company and the state that includes a government grant to the firm of some NIS 750 million ($216,706,500). Intel Corporation (NASDAQ:INTC) shares advanced 0.79% in last trading session and ended the day on $26.69. INTC return on equity ratio is recorded as 16.90% and its return on assets is 10.60%. Intel Corporation (NASDAQ:INTC) yearly performance is 15.74%.
NVIDIA Corporation (NASDAQ:NVDA) will host a conference call on Thursday, May 8, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the first quarter of fiscal year 2015, ending April 27, 2014. NVIDIA Corporation (NASDAQ:NVDA) shares moved down -1.18% in last trading session and was closed at $18.47, while trading in range of $18.43 – $18.68. NVIDIA Corporation (NASDAQ:NVDA) year to date (YTD) performance is 15.80%.
Qualcomm Incorporated (NASDAQ:QCOM) yesterday announced that its subsidiary, Qualcomm Technologies, Inc. (QTI), has signed a definitive agreement with a group of third-party investors to establish Qualcomm Retail Solutions, Inc. (QRS), an existing subsidiary of QTI, as an independent, standalone company. QUALCOMM, Inc. (NASDAQ:QCOM) weekly performance is -2.48%. On last trading day company shares ended up $78.71. QUALCOMM, Inc. (NASDAQ:QCOM) distance from 50-day simple moving average (SMA50) is 1.35%. Analysts mean target price for the company is $84.84.
Leave a Reply