NEW YORK, October 30, 2013 /PRNewswire/ --
Market Buzz Report, an investment community, reports Important Stock News & Updates on Advanced Micro Devices, Inc. (NYSE: AMD), BlackBerry Ltd (NASDAQ: BBRY), Citigroup Inc (NYSE: C), Nokia Corporation (NYSE: NOK), Alcatel Lucent SA (NYSE: ALU).
Advanced Micro Devices, Inc. (NYSE: AMD)'s Radeon R9 290x has been a mystery since it was revealed last month but the firm is now disclosing complete details about the card to stores.
Due to its $549 price, it is a huge leap in performance over the $299 R9 280X and has 2,816 stream processors with a wider 512-bit memory bus as well as a bigger 4GB of video RAM.
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The board would be collect 5.6TFLOPs of general computing power and has been built with 4K graphics in mind. Importantly, it also gives a lot at the price as a number of websites have shown R9 290X outperforming even GeForce GTX780 but one needs to tolerate noisier cooling but it may be a good part for the gaming PC.
BlackBerry Ltd (NASDAQ: BBRY) executives flew to California for meeting Facebook for measuring the interest in a potential bid for the smartphone maker. However, there is no clarity on the part that Facebook is putting a bid on the firm and none of the firms commented on the matter.
Any deal would be an option to the tentative $9 a share offer from the consortium led by its largest investor, Prem Watsa's Fairfax Financial Holdings Ltd, which is looking to purchase BlackBerry for $4.7 billion. Some other firms are also looking at the firm's books for deciding on whether to make an offer.
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Largest producer of wind turbines in US, General Electric, would be supplying 22.8 megawatts of systems to Toto Costruzioni SpA for a power plant located in southern Italy.
The order would be the first for the firm's 2.85-megawatt turbines in Italy but no terms were revealed. Italy is looking to install 560 megawatts of wind power a year by 2020 for meeting the goal of European Union to generate 20 percent of electricity from renewable sources. The project would be able to generate power for about 15,000 homes in Italy's Puglia region.
Citigroup Inc (NYSE: C) is looking to sell mortgage servicing rights on loans having value of $63 billion or about 21 percent of the total contracts.
As regulations rise and refinance business taking a hit, the bank is scaling back. The bank ownes servicing rights on $301 billion of mortgage balances at the end of June. The firm's shares were up by 0.1%.
Is C The Best Stock In The Financial Sector? Don't Wait, Just Get The Free Result Herehttp://marketbuzzreport.com/index.php?code=C
Finnish handset maker Nokia Corporation (NYSE: NOK) came out with losses in quarter three as sales at handsets unit being sold to Microsoft continued to fall. But, the firm has given a sanguine outlook on continuing operations as well as networks unit resulting in increase in stock prices.
IS NOK Ready To Beat AAPL In The Smartphone Market? Get The Shocking Report Herehttp://marketbuzzreport.com/index.php?code=NOK
The firm's quarter three net loss was 91 million euros vis-a-vis net loss of 969 million euros a year earlier whereas revenues plummeted by 20 percent to 5.6 billion euros. But, the firm has stated that the network operations have seen net profit surged by 33 percent and is expected to have positive operating margin of about 12 percent in last quarter with net sales growing on sequential basis. The firm's shares were up by 7 percent at 5.34 euros.
Nokia sold 8.8 million smartphones during the period, all Lumia products, up by 40 percent from a year earlier. In quarter three, it sold 6.3 million smartphones and demand increased strongly in US, one of the tougher markets.
But, it was not enough to keep Nokia to give negative outlook for services as well as devices which it would be selling to Microsoft Corp. for $7.2 billion.
The firm was optimistic about the remaining operations, Nokia Networks and Solutions.
CFO Timo Ihamuotila opined that the firm is in a decent shape without services and devices unit, which saw net sales reduce by 19 percent in the quarter to 2.9 billion euros.
Ihamuotila confirmed that the firm would be investing in location as well as mapping services.
Even though the firm is no.2 in mobile phone sales overall with a 15.5 percent global share, it is because of older, non-smartphones which sell in some emerging markets.
The firm reiterated strategy to save 3 billion euros in operating costs by the end of 2013.
Earlier in January, Alcatel Lucent SA (NYSE: ALU) brought out new tablets which would debut in quarter three. Some came in August but a new report shows a new colorful 7-inch tabs from Alcatel.
Why ALU's stock Has Recovered So Fast Recently? Get The Shocking catalyst Herehttp://marketbuzzreport.com/index.php?code=ALU
This one seems to be a part of OneTouch Pop family akin to recent budget handsets which should be a part of store soon. There is also a translucent flip-cover to ensure that it remains clean.
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