Microsoft Corporation (NASDAQ:MSFT) decided to cut prices by $150 on surface RT tablets. Today, the price of 32GB surface tablet is only $349. Again with 64 GB the price is more attractive, ie $499. Even after this reduction of price, market did not howl to get the product. Thus, the same price cut has been made applicable in the countries like Europe and Australia.
Despite investor concerns over excess inventory languishing in Intel’s distribution channels and Intel Corporation (NASDAQ:INTC)’s acknowledgement that its Haswell chip won’t provide a short-term boost, not all analysts are down on the company. According to Chris Lau of Kapitall, Intel is well positioned to take advantage of current trends in the PC sector. While inventories did go up in the second quarter, they remain below historical averages and Intel Corporation (NASDAQ:INTC) has held its ground on revenue. Gross margins are expected to drop from 60 percent to 59 percent, but Intel is reducing capital expenditure from $12 billion to $11 billion to account for changes in the PC market.
Cisco Systems Inc (NASDAQ:CSCO) has taken over SourcefireInc (NASDAQ:FIRE). Sourcefire is exactly matching with the Cisco Systems in the overall strategies on the vision over security. The security sales of Cisco Systems have decreased by 4% during the last quarter. The acquisition of Sourcefire will provide Cisco Systems Inc with an opportunity to increase the market share. It is anticipated that the services that are offered by the Sourcefire would show a rapid growth in the demands. This is because the reports of the important hacking incidents that had happened have set an alert to the governments and business enterprises. This anticipated rapid growth is expected to add significant revenues and margins of Cisco Systems Inc by speeding up the delivery by the systems.
Home Loan Servicing Solutions Ltd (NASDAQ:HLSS) is -0.096 at $25.02, with 935,777 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.5. As reported by Zacks, the current mean recommendation for HLSS is in the “buy range”.
Whole Foods Market, Inc. (NASDAQ:WFM)says its profit rose by 21 percent in the latest quarter, as the organic grocery store operator worked on making its prices more competitive for a broader audience of shoppers. The company, based in Austin, Texas, says sales at stores open at least year — a key metric because it strips the impact from newly opened or closed locations — rose 7.5 percent. That’s slower than the 8.2 percent increase in the year-ago quarter. In the current quarter, the company also noted the figure was up just 5.8 percent so far.
Facebook Inc (NASDAQ:FB) wants to change that mould. It is planning on selling TV-style commercials on its website. Well, that seems like a great idea but not one that will come at a pittance.These 15-second spots will cost upto $2.5 million per day. Seems like the largest networking site in the world does not believe that companies should be thrifty, especially in these times of economic angst. Facebook has around 1.15 billion members and with an audience like that, seems like there will be companies who will head for that 15-second spot.
PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) is +0.095 at $75.73, with 758,454 shares traded. This represents a 23.51% increase from its 52 Week Low.
On July 29, 2013, pursuant to the Mattel, Inc. (NASDAQ:MAT) guidelines Concerning Rule 10b5-1(c) Individual Trading Plans (the “Guidelines”), Timothy Kilpin, Executive Vice President, Global Brands Team – Boys & Girls, entered into an individual Rule 10b5-1(c) trading plan (the “Plan”) with a broker to sell up to 15,000 shares of Mattel stock acquired upon vesting of restricted stock units. In accordance with Mattel’s Guidelines, the first sale under the Plan will not take place until August 28, 2013, which is at least 30 days after the date Mr. Kilpin adopted his Plan. Mr. Kilpin may sell shares of Mattel stock under the Plan through the close of trading on July 25, 2014, at which time the Plan will terminate.
SunPower Corporation (NASDAQ:SPWR), the second-largest U.S. solar manufacturer, is selling panels as fast as it can make them and is seeking ways to expand production capacity in anticipation of increasing global demand. The company reached “full manufacturing utilization” in the second quarter, Chief Financial Officer Chuck Boynton said during a conference call yesterday. It’s considering expanding a production joint venture with the Taiwanese electronics maker AU Optronics Corp. (2409) or building new fabrication facilities.