On Wednesday, Shares of EMC Corporation (NYSE:EMC), lost -1.60% to $27.11. The stock attained the volume of 43.74 million shares.
The year-to-date (YTD) performance reflected a -7.57% below last year. During the past month the stock gains 11.02%, bringing three-month performance to 8.07% and six-month performance to 5.04%. The stock holds the market capitalization of $52.18 billion.
EMC Corporation (EMC) recently declared that David N. Strohm resigned from the board of directors effective Tuesday, October 6, 2015. Mr. Strohm indicated that his resignation was due to increasing conflict with other business and personal obligations.
Joseph M. Tucci, chairman and CEO of EMC said, “On behalf of the board of directors, we thank Dave for his selfless service to EMC during the past twelve years. Dave’s counsel and advice to all of us has been invaluable. We wish him the very best in his future endeavors.”
EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.
Shares of SanDisk Corporation (NASDAQ:SNDK), surged 11.22% to $68.70, during its last trading session,
Sandisk (NASDAQ: SNDK), the third largest manufacturer of flash memory in the world after Samsung and Toshiba, is statedly trying to sell itself. Bloomberg reports that SanDisk has hired a bank to explore a potential sale to either Micron Technology (NASDAQ: MU) or Western Digital (NASDAQ: WDC). Investopedia Reports
SanDisk Corporation designs, develops, manufactures, and markets data storage solutions in the United States and internationally. The company offers removable cards, which are used in various applications and consumer devices, counting digital cameras, camcorders, smartphones, tablets, and eReaders under the SanDisk Ultra, SanDisk Extreme, and SanDisk Extreme PRO brands; and embedded products that are used in mobile phones, tablets, notebooks, and other portable and wearable devices, in addition to in automotive and connected home applications under the brand name iNAND.
Finally, Comcast Corporation (NASDAQ:CMCSA), ended its last trade with -0.37% loss, and closed at $59.94.
The stock closed at a distance of 3.35% from 20-day simple moving average. In the last trading session, the stock’s price moved 3.12% above its 200 day moving average, changing hands as low as $9.68 per share. The stock is presently trading 4.04% above its SMA 50.
Comcast says a new proposal aimed at making it easier to use third-party cable set-top devices would cost consumers $1.6 billion more a year in energy expenses, according to Business Journals.
The proposal, a Federal Communications Commission initiative called AllVid, would mandate that cable companies, like Comcast, to offer additional hardware to decode its signals for these general devices that can be bought at many electronic retail stores. Business Journals Reports
Comcast wants to maintain an app-based approach to share its content on multiple devices such Apple TV, Chromecast or Roku. Comcast NBCUniversal owns already owns Hulu, which can be broadcasted to televisions. Business Journals added.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name.
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