Market Movers: International Business Machines Corp. (NYSE:IBM), VMware, Inc. (NYSE:VMW), EMC Corporation (NYSE:EMC), Intel Corporation (NASDAQ:INTC), NVIDIA Corporation (NASDAQ:NVDA)



International Business Machines Corp (NYSE:IBM) said it expects its hardware sector to grow in 2015 as the company invests in research and development and divests low-performing ventures. The comments come less than one month after the world’s largest technology service company reported its lowest quarterly revenue in five years, weighed by sluggish global demand for its hardware, which plunged 23 percent in the first quarter of 2014. International Business Machines Corp. (NYSE:IBM) stock performance was -1.81% in last session and finished the day at $188.72. Traded volume was 1.00million shares in the last session and the average volume of the stock remained 5.08million shares. The beta of the stock remained 0.72. International Business Machines Corp. (NYSE:IBM) insider ownership is 0.10%.

Waterloo, Ontario-based BlackBerry said VMware Inc (NYSE:VMW) subsidiary AirWatch, Citrix Systems Inc and International Business Machines Corp would be the first companies to manage its new line of smartphones on their own mobile device management systems. VMware, Inc. (NYSE:VMW) dropped -0.31 percent to $93.73 Wednesday on volume of 670.6K shares. The intra-day range of the stock was $93.15 to $94.57. VMware, Inc. (NYSE:VMW) has a market capitalization of $40.39billion.

EMC Corporation (NYSE:EMC) has released its new EMC Hybrid Cloud solution providing the ability to broker services from private and public clouds, enabling visibility and control over the best location to run business applications. EMC Corporation (NYSE:EMC)’s stock on May 14, 2014 reported a increase of 0.58% to the closing price of $25.80. Its fifty two weeks range is $22.69 -$28.26. The total market capitalization recorded $52.81billion. The overall volume in the last trading session was 14.62million shares. In its share capital, EMC has 2.05billion outstanding shares.

Intel Corporation (NASDAQ:INTC) will soon have a new chief marketing officer, Steven Fund on whom the company is relying for restoring the shine that the brand enjoyed once. To make the work on new CMO easier, the chipmaker is cutting down on the jobs in its marketing department. On Wednesday, shares of Intel Corporation (NASDAQ:INTC) dropped -0.45% to close the day at $26.33. Company return on investment (ROI) is 12.80%. Intel Corporation (NASDAQ:INTC) quarterly revenue growth is 8.18%.

NVIDIA Corporation (NASDAQ:NVDA) has just launched two classic games from Valve, Half-Life 2 and Portal, for Android exclusively on the company’s portable console – the NVIDIA Shield. NVIDIA ported both titles to Android themselves which makes the exclusivity to the company’s console understandable. NVIDIA Corporation (NASDAQ:NVDA) stock performance was -0.98% in last session and finished the day at $18.10. Traded volume was 5.36million shares in the last session and the average volume of the stock remained 8.45million shares. The beta of the stock remained 1.66. NVIDIA Corporation (NASDAQ:NVDA) insider ownership is 0.40%.

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