New York, NY -- (ReleaseWire) -- 03/14/2013 --Intel Corporation (NASDAQ: INTC) might be the front runner for manufacturing Apple's next-generation mobile chips. Intel already makes chips for MacBooks, it won't be difficult for Apple to shift its mobile chips supply to Intel.
In another news Morgan Stanley (NYSE:MS) lowered its estimates of Intel Corporation (NASDAQ:INTC) and Advanced Micro Devices, Inc. (NYSE:AMD) in a report about the incremental PC market weakness. INTC first quarter revenue is lowered from $12.78 to $12.50 billion, though the revised estimates are still within the guidance range of $12.2 – 13.2 billion.
Intel Corporation designs and manufactures integrated digital technology platforms.
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Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI). The investigation focuses on whether the Company and its executives violated federal securities laws.
On March 13, 2013, shares of Spectrum fell as much as 38 percent after the Company forecast a steep drop in full-year revenue as hospitals increasingly opt for a generic colon cancer treatment over its biggest-selling drug, Fusilev.
Spectrum, which had said in February that it expected sales to rise this year, forecast on Tuesday that total sales would fall to $160 million-$180 million in 2013. CEO and President Shrotriya Rajesh C Md sold over $4 million dollars in shares at the end of December 2012.
Get the latest trend analysis reports on SPPI here:
http://www.wallstreetreport.net/market-scan/?symbol=SPPI
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