A day after Reuters reported that chipmaker Atmel (ATML) has hired a firm to explore strategic alternatives including a possible sale, one analyst increased his price target on Atmel stock. FBR Capital Markets analyst Christopher Rolland, in a research report Tuesday, raised his price target on Atmel stock to 12 from 10, saying the company “remains our top takeout candidate.” Rolland says suitors could include Qualcomm (QCOM), Avago Technologies
Shares of Web music streaming service Pandora Media (P)fell as much as 8.3% Tuesday after tech heavyweight Apple (AAPL) on Monday announced the launch of its own music streaming business. But by midday trading in the stock market today, Pandora Media stock had recovered a bit and was down more than 4%, near 17. Pandora stock is off nearly 60% from its all-time high of 40.44 touched in March 2014. Apple on Monday introduced a service combining paid
Akamai Technologies’ (AKAM) stock took a downgrade on Tuesday from Macquarie Capital, which pointed to Apple’s delay in announcing a Web TV streaming product. At its Worldwide Developers Conference on Monday, Apple (AAPL) said not a word about plans to launch an Internet TV service. Akamai, the biggest provider of content delivery network (CDN) services to media and entertainment companies, has been investing in its network to support Apple’s much