U.S. technology companies slipped early Wednesday, as many stocks in the chip-maker industry retreated on news that Samsung is reducing its capital expenses in 2013. On the other hand a wave of Apple iPhone5 buyers is set to keep up the stocks of Apple (NASDAQ:AAPL)’s mobile partners. The DC Council is scheduled to vote on a bill to provide investors in tech companies a huge tax break.
Nokia Corporation (NYSE:NOK) closed on threat from HTC that recently matched technology with style to create an elegant, lightweight Windows Phone 8 device to compete Lumia devices. The stock moved down -35.20% in this year and its price history showed most recently beta was at 1.88. Overall during the last 12 months, the percentage change in the price was -45.06%, hitting the highest of $7.38 on Oct 27, 2011 while lowest level in that period was $1.63 on Jul 18, 2012.
Micron Technology Inc.’s (NASDAQ:MU) shares gained in the last trading session after naming Michael Rayfield as vice president of Wireless Solutions Group to take responsibility for managing all aspects of a unit that provides DRAM, NAND Flash, NOR Flash and PCM memory solutions, including multi-chip packages, to the global mobile device market.
For this company, a return on equity of -11.27 percent was realized due to the financial situation. Last twelve months’ earnings per share reached a value of -$0.94. Earnings are projected to move up 12.92 percent for the coming five years. The stock closed at $6.65, up 0.17 points or 2.62% from previous close and at a distance of +4.45% from 20-day simple moving average.
The share price of Cisco Systems, Inc. (NASDAQ:CSCO) edged up after a news that Jerry Yang has decided to quit as the board of directors in November. The stock’s price increased in the last trading session with a previous 52-week high of $21.30. The stock was trading on below-average volume. The stock traded at a volume of 29.69 million shares at a price gain of 0.39%. The share price is now up 9.70% for the past three months. Latest closing price was 18.47% above its 50-day moving average and 18.19% above its 200-day moving average.
Advanced Micro Devices, Inc. (NYSE:AMD) recovered from a fall after Thomas Seifert resigned as chief financial officer. Shares of this company traded up 1.10% during trading yesterday, hitting $3.71. The stock has a 52 week low of $3.43 and a 52 week high of $8.35. The company has a market cap of $2.59 billion. The P/S ratio is 0.41 and P/B ratio 2.33. The beta value is 2.21. AMD’s RSI amounts to 43.35.