Broadcom Corp. (BRCM:US), struggling to make a dent in Qualcomm Inc.’s lead in chips that connect smartphones to mobile networks, said it’s giving up on that business. Broadcom is the latest company to say it won’t try to compete in baseband with Qualcomm, whose chips connect the majority of smartphones to high-speed, Internet-capable networks. Texas Instruments Inc. and Freescale Semiconductor Ltd. (NYSE:FSL) have already dropped out of the industry, and Intel Corp.’s latest quarterly report showed that its losses exceeded revenue in the mobile-chip business. Freescale Semiconductor Ltd (NYSE:FSL) stock performance was 2.39% in last session and finished the day at $24.38. Traded volume was 1.22million shares in the last session and the average volume of the stock remained 2.20million shares. The beta of the stock remained 2.44. Freescale Semiconductor Ltd (NYSE:FSL) insider ownership is 0.50%.
Microsoft Corporation (NASDAQ:MSFT) declared a quarterly dividend on Tuesday, June 10th, American Banking and Market News reports. Shareholders of record on Thursday, August 21st will be given a dividend of 0.28 per share on Thursday, September 11th. This represents a $1.12 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Tuesday, August 19th. Microsoft Corporation (NASDAQ:MSFT) dropped -0.39 percent to $41.11 Tuesday on volume of 15.12million shares. The intra-day range of the stock was $40.86 to $41.16. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $339.59billion.
Advanced Micro Devices Inc. (NYSE:AMD) saw a strong price reaction on Tuesday after the graphics and processor outfit scored two positive research calls from analysts on and off of Wall Street. Both were effectively Buy ratings with solid upside to the target. The move puts a solid bias in favor of AMD over rivals such as Intel Corp. (NASDAQ: INTC) and NVIDIA Corp. (NASDAQ: NVDA), as we showed how one of the rival calls showed on Tuesday. Advanced Micro Devices, Inc. (NYSE:AMD)’s stock on June 10, 2014 reported a increase of 3.19% to the closing price of $4.20. Its fifty two weeks range is $3.04 -$4.65. The total market capitalization recorded $3.20billion. The overall volume in the last trading session was 28.32million shares. In its share capital, AMD has 762.04million outstanding shares.
In 2009, Ericsson combined phone-platform assets with STMicroelectronics NV (ADR) (NYSE:STM), Europe’s largest semiconductor maker, to create ST-Ericsson. The venture struggled to integrate different modem technologies and customers, such as phone makers Nokia Oyj and Sony Ericsson, lost traction with consumers. On Tuesday, shares of STMicroelectronics NV (ADR) (NYSE:STM) advanced 1.03% to close the day at $9.79. Company return on investment (ROI) is -7.40% and its monthly performance is recorded as 2.84%. STMicroelectronics NV (ADR) (NYSE:STM) quarterly revenue growth is 6.76%.
Toshiba Corp (USA) (OTCMKTS:TOSYY)’s Advanced Liquid Processing System (ALPS), which was designed to remove the most dangerous nuclides from water, has been in intermittent operation for the past two years, Reuters reported. Two of the three ALPS units, each capable of processing 250 tons of water per day, were taken offline in May after high levels of calcium were found in the water leaving the system. Toshiba Corp (USA) (OTCMKTS:TOSYY) stock performance was -1.31% in last session and finished the day at $25.66. Traded volume was 4,029.00million shares in the last session. The beta of the stock remained 0.85.