Wireless
charging in U.S. cafes
Nokia Corporation (ADR)(NYSE:NOK) rose
2.52% to $2.44 after falling 16% in Wednesday’s session.
One can soon charge one’s mobile phone
not just at home or in the office but also in cafes if Nokia Corporation
(ADR)(NYSE:NOK)’s deal with The Coffee Bean and The Tea Leaf is anything to go
by. Nokia has entered into an agreement with the café chain to offer wireless
charging facilities in its stores for customers on the go. The company is a
privately held specialty coffee and tea retailer with presence in 24 countries
and has more than 850 stores. It has several cafes in airports including one in
the Los Angeles Airport.
Where
Can NOK’s Shares Go Now? Find Out Here
Nokia has just launched two new phones,
the Nokia Lumia 920 with inbuilt wireless charging facility and the Nokia Lumia
820 which can be charged wirelessly but does not have an inbuilt feature for
the same.
The Coffee Bean and The Tea Leaf will
launch a new application for Lumia users with features such as social media
feeds, contact information, store locator etc. and also additional features
like gifts and charitable initiatives.
UBS
downgrades AMD
Shares of Advanced Micro Devices,
Inc.(NYSE:AMD) bounced back 3% to $3.62 on Thursday after slumping 3% in the
previous trading session.
Meanwhile, Steven Eliscu, an analyst
from UBS, has cut Advanced Micro Devices, Inc.(NYSE:AMD)’s rating from Buy to
Neutral and slashed the target price from $6.25 to $4. He sees the company’s
prospects being adversely affected by a shrinking market and intense
competition from rival Intel.
Has
AMD Found The Bottom? Find Out Here
He writes, “Our prior AMD
view was based on how expected execution improvements could enable it to drive
above industry average sales growth and margin expansion.” He also says, “We
now expect structural industry shifts to limit growth as: 1) Smartphones/
tablets have become preferred devices for content consumption, 2) Intel’s
reaction to smartphones/tablets is to imbue PCs with their key attributes:
thin/light, long- battery life, easy-to-use and visually stunning. As Intel
seeks to drive increased ultrabook penetration, we expect AMD to be the most
negatively impacted.”
I think it's ridiculous that anyone is still selling AMD at its current price. Even if they were to stop making CPUs, they bought out ATI and have a very profitable graphics sector. Even if the market continues to go mobile its not to late for AMD to adapt, and even if PC sales continue to slump AMD can still focus on a niche market and improve their desktop/laptop CPUs. As someone who has built PCs for years, i might be a bit biased, but I've also seen AMD make huge comebacks before. Their stocks shoot above $40 when they were the first to bring 64 b bit CPUs to market, and they went above $40 again when they beat Intel to the first dual core processors. Its only a matter of time before AMD does it again.
ReplyDelete