Week In Review 6-28 to 7/4: Greek Referendum, QUALCOMM, Inc. (QCOM), Tesla Motors Inc (TSLA), Cisco Systems, Inc. (CSCO)
Greek referendum and negotiations dominated the headlines across the markets in the week gone by. The voting is happening right now and results are awaited. Opinion polls suggest that it is going to be close, so we would need to wait for more clarity on the outcome of the voting. Below is a rundown of top 7 stories.
In the first story QUALCOMM, Inc. (NASDAQ:QCOM) joined the list of elite companies which include Google Inc (NASDAQ:GOOGL) and Facebook (NASDAQ:FB) who want to provide affordable broadband service. The company will use solar-powered terminals and the initiative will be called as ‘Oneweb’.
Cyber security continued to be one of the top priorities for many big companies after the no of data theft and privacy issues which happened last year. Cisco Systems, Inc. (NASDAQ:CSCO) continues to be one of the top picks for funds and investors because of the initiatives which the company has taken. Cisco grew at 8.8% in first quarter in terms of revenue, According to IDC.
Tesla Motors Inc (NASDAQ:TSLA)’s CEO, Elon Musk along with Bill Gates and Stephen Hawking have donated as much as $7 million to researchers for doing research in Artificial Intelligence field. There are fears that the advances in technology might lead to some sort of unpredictable disasters for the mankind.
QUALCOMM, Inc. (NASDAQ:QCOM) continues to hog limelight and remains favorite among our readers. The company’s prospect in short-term do look gloomy. However, the contract from Google Inc. (NASDAQ:GOOGL) is expected to yield positive results over the long-term. Also, its announcement of Samsung manufacturing its chips is positive in the long run.
Afrezza’s Underperformance continues to raise questions as far as Mannkind Corporation (NASDAQ:MNKD) is concerned. The company will need to change its marketing strategy and re-invent itself inorder to maintain the market share.
According to reports, Apple Inc. (NASDAQ:AAPL) is expected to launch re-newed version of Apple TV and iMac during the year. 9to5Mac’s Mark Gurman spotted some changes on the hardware front.
SAMSUNG ELECT LTD(F) (OTCMKTS:SSNLF) to manufacture QUALCOMM, Inc. (NASDAQ:QCOM)’s Snapdragon 820. The company wants to take advantage of Korean firm’s 14nm and avoid thermal management issues. The initial batch is expected to be delivered to HTC, Sony Corp (ADR) (NYSE:SNE) and China’s Xiaomi.
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