News Recap: Google Inc, Electronic Arts, Las Vegas Sands Corp, Cirrus Logic, QUALCOMM


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NASDAQ:GOOG / NYSE:LVS
09/25/2012 [ACCESSWIRE]

NEW YORK, September 25, 2012 – Cogonews.com, an investor research portal specializing in several sectors including biotech and healthcare and tech stocks on Google Inc, Electronic Arts, Las Vegas Sands Corp, Cirrus Logic, QUALCOMM.

Google Inc(NASDAQ:GOOG) Nexus 7 is making its appearance public with a 16 GB, 7-inch tablet with Android 4.1 Jelly Bean in Japan.

Android 4.1 Jelly Bean was launched by Google in Japan. The new tablet by Google is available only in Google’s local play store, costing about 19,800 Japanese Yen, which is roughly $255.

Present accessibility in eight countries, shows its clear intention of expansion.

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The Android tablets such as its Transformer series, which feature elegant clamshell keyboard docks helps in increase hold of market. “Android has grown so fast it’s hard to keep up,” said CEO Eric Schmidt at the press release.

Google owned 64 percent of Japanese consumers, where Google Nexus is launched. An improved visibility and ease of access could prove good for the new tablet launched.

Shares of GOOG jumped 1.20% to $758.44 and made a record high of $764.89.

Popcap, a maker of mobile and casual video games, would be purchased by Electronic Arts Inc.(NASDAQ:EA ) Inc at a value of $1.3 billion according to the deal.

A part payment of $650 million to be made in cash and $100 million in stock to hold the privately owned Popcap.

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In addition, EA has agreed to pay as much as $550 million in earn-outs if certain financial milestones are met by the end of the 2013 calendar year.

The popular games such as "Bejeweled," "Plants vs. Zombies" and "Zuma" that are played on game consoles, mobile devices and PCs are made by Popcap.

Shares of EA were down 3.61%.

Las Vegas Sands Corp.(NYSE:LVS) stock increased 3.60% to $46.94 after Las Vegas‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase in a report issued today. Separately, analysts at Deutsche Bank raised their price target on shares of Las Vegas from $42.00 to $52.00 in a research note to investors on September 14. They now have a “buy” rating on the stock.

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Cirrus Logic, Inc.(NASDAQ:CRUS) shares declined 1.42% to $39.61 in the early hour after the shares of CRUS had its target price increased by research analysts at Feltl & Co. from $46.00 to $54.00 in a report released on Sept. 17. The firm currently has a “buy” rating on the stock. Additionally, analysts expect that Cirrus Logic will post $2.64 EPS for the current fiscal year. CRUS develops analog and mixed-signal integrated circuits (ICs) for a range of audio and energy markets.

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QUALCOMM, Inc.(NASDAQ:QCOM) shares gained 0.50% to $63.97. Wells Fargo & Co. reiterated their outperform rating on shares of QUALCOMM in a research note issued to investors last week. Separately, analysts at Sanford C. Bernstein reiterated an outperform rating on shares of QUALCOMM in a research note to investors on September 12. They now have a $75.00 price target on the stock.

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