Below we present a summary of key updates that might be of
interest to investors interested in technology stocks. This update
includes Verizon (
), Netflix (
), Cisco (
), AMD (
), Disney (
), Viacom (VIA) and News Corp (NWS).
As expected, Verizon has discontinued its unlimited smartphone
data plans, starting July 7th 2011. However, the company has
confirmed that it will continue its unlimited 'any mobile' plan,
which includes unlimited texting and voice, in certain markets.
According to a research note from an analyst, Verizon's iPhone
sales to its subscribers in Q2 are likely to fall compared to Q1
Netflix has officially announced that it will expand its
streaming services to 43 countries in Latin American and Caribbean
China is undertaking a video-surveillance project under which it
will deploy about half a million cameras aimed at crime control and
prevention. Cisco is expected to supply the necessary networking
equipment for operating such a network.
AMD has officially announced that its Q2 2011 results will be
released on July 21, 2011.
Viacom's film division Paramount Pictures will be launching its
own animation division. This division will be focused on animation
movies with budgets of up to $100 million per movie.
Disney, News Corp
Hulu, which is a joint venture of Disney, News Corp and
NBCUniversal, is expected to be sold and about 8-10 potential
buyers have surfaced including companies like Google (GOOG),
Microsoft (MSFT) and Yahoo (YHOO).