Orlando, FL -- (SBWIRE) -- 09/03/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Cisco Systems, Inc.(NASDAQ:CSCO), Intel Corporation (NASDAQ:INTC).
Cisco Systems, Inc.(NASDAQ:CSCO) stock dropped 0.60% to $23.31. Cisco and VMware on August 27 announced that a growing number of customers are using joint private cloud, data center, and virtual desktop solutions from the two companies to accelerate business transformation and increase IT agility. Around the world and across vertical industries, customers are utilizing the combination of Cisco Unified Computing System™ (UCS) and VMware virtualization technologies to fuel a wide variety of business-critical applications.
Additionally, the company on August 13 said it is cutting 4,000 jobs, or 5% of its workforce, as it makes a fresh attempt to reduce costs and refocus on growth areas in the face of uncertain demand for its networking equipment. A lukewarm revenue forecast dashed expectations that Cisco could overcome muted demand for tech infrastructure.
Are investors worried about the recent updates with CSCO? Find out with a free trend analysis HERE
Intel Corporation (NASDAQ:INTC) shares fell 0.36% to $21.98. The company is expected to announce a new lineup of Haswell processors in September, reports DigiTimes. According to sources from the upstream supply chain, Intel will also release four Ivy Bridge-based processors including the Core i5-3340.
Additionally, the company would launch new tablet processors during the second half of the year 2014 in order to enable the company to maintain its present dominance in the market for tablets. It is expected that the 14nm Cherry Trail Tablet platform of the company would be launched in the third quarter of the fiscal year 2014, though it had been reported that the partners of Intel would be receiving the samples of the product by the end of this year 2013.
Moreover, Two analysts on August 19 predicted INTC will snap out of its recent sales slump next year as more businesses buy desktop and laptop machines powered by Intel's processors. Piper Jaffray analysts Auguste Gus Richard and Jennifer Baxter upgraded Intel's stock on the expectation that Intel's revenue will rise by 5 percent next year. Although that would be a modest gain, it would reverse two consecutive years of declining revenue, assuming analysts' forecasts for the rest of 2013 pan out.
Is INTC going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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