Overnight markets were in the green across Asia, led by Hong Kong’s Hang Seng Index by 1.75% while the others did trade with some cautionary sentiment. Market participants are focused today on Fed Chairman Ben Bernanke’s Congressional testimony for any clues toward QE3, and any indication the Chinese government may begin monetary easing.
Emerging market investors can be excused if they don’t remember Novell Inc. or Wang Computers, once prominent in the world of technology.
Terrapin Research does CES (LG, LNVGY, BRCM, ENTR, STM, HPQ, DELL, CAVM, ALU, FSL, BDCM, NETL, MSPD, JNPR)
CES 2012 seems to be searching for an identity. Last year it was all about Android tablets, super-fast smartphones, and 3D TVs — shiny new products that struggled when they hit the marketplace. With Microsoft indicating that it won’t be back next year, and Apple consistently ignoring CES, one might question the show’s ongoing relevance.
Its a big day in the telecommunications equipment industry, with Ciena Corp. reporting earnings this morning, and Finisar Corp. due out today after the close.
You could be forgiven if last week’s developments reminded you of tech’s golden days. Two purchases, totaling about $23 billion and it seems like we’re ready to party like its 1999.
Nokia shares are plunging this morning after the Finnish phone maker confessed to investors that its current quarter and the full year are coming in weaker than expected.