Stocks In Action: Monsanto Company (NYSE:MON), Intel Corporation (NASDAQ:INTC) And Micron Technology, Inc. (NASDAQ:MU)
Dallas, Texas, 09/29/2014 (ustrademedia) – As of latest news reports on Friday, US Department of Agriculture has another major setback with respect to use of unapproved Monsanto Company (NYSE:MON) genetically modified wheat in the state of Montana. MON’s unapproved genetically modified wheat farmed in the state of Oregon, a year ago, had completely disrupted the sale of US wheat abroad. On Friday, confirmation of controversial GMO wheat growing in the state of Montana, was made by the Animal and Plant Health Inspection Services (APHIS). This has once again brought the issue of genetically modified issues in agriculture to the forefront. APHIS officials had found, on July 14, wheat being grown in a research facility at Montana State University in Huntley. Officials assured that the region predominantly grows sugar beet; therefore, it is unlikely that the GMO Wheat had entered commercial sales.
Intel Corporation (NASDAQ:INTC) announced further forays in the chip-making industry, on Friday, with a new strategic stake of 20% in Chinese-backed chipmaker Spreadtrum. INTC hopes to penetrate disparate markets, by way of diversified product portfolio, and ‘intel-based mobile devices’ in China. Intel sees a massive scope for such varied product specialization by investing nearly $1.5 Billion in wireless chipmaker Spreadtrum and its co-player RDA microelectronics. Specifically Intel will work with Spreadtrum to develop as well as sell System-on-a-chip processors based on INTC set architecture. The company hopes for late 2015 release of such mobile phones, challenging established peers Qualcomm and Taiwan’s MediaTek, in China’s crowded market.
Micron Technology, Inc. (NASDAQ:MU) just announced fourth quarter results show Technology Inc., gross profits of 32.8%. As its license deal for a patent with Tessera for $66 million was applied to the fourth quarter. The deal allowed MU to reflect an annual gain of 24.9% as against 2013 same quarter comparison, but on the quarter to quarter comparison of 2014, it was well below FQ3 numbers.