Shares of Nokia Corp (ADR) (NYSE:NOK) ended Tuesday session in green amid volatile trading. The shares closed up +0.03 points or 0.52% at $5.78 with 5.81 million shares getting traded. Post opening the session at $5.78, the shares hit an intraday low of $5.74 and an intraday high of $5.83 and the price vacillated in this range throughout the day. The company has a market cap of $33.71 billion and the numbers of outstanding shares have been calculated to be 5.77 billion shares.
Nokia has expanded its Cloud Packet Core offering with a solution tailored specifically for global enterprises, the public sector and smaller operators. Nokia Cloud Packet Core, based upon cloud native technology, will help accelerate the move to Smart Cities, improve the safety and efficiency of employees and expand mobile applications across a variety of industries.
The introduction of LTE and the move to 5G and cloud technologies provide a new and viable mechanism to more effectively support mobile broadband, IoT and machine-type communications (MTC). Private LTE networks are increasingly becoming the preferred approach to deliver business and mission-critical services in industry segments such as railways, aviation, the energy sector and with governments. Estimated by some analysts to surpass $800 million in global investment by the end of 2016, the private LTE network market is expected to grow at a CAGR of 32% by 2020.
Nokia is expanding its offerings for private LTE networks by optimizing its innovative Cloud Packet Core solution to allow for the delivery of business and mission-critical services and applications. The solution ensures reliability and functionality for secure service delivery at a size that makes it accessible to a diversity of markets. It provides the scale and performance for MTC and mobile broadband users and devices, supporting 50,000 simultaneous access users/devices and 100 eNodeBs.
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) ended Tuesday session in green amid volatile trading. The shares closed up +0.02 points or 0.29% at $6.97 with 25.77 million shares getting traded. Post opening the session at $7.00, the shares hit an intraday low of $6.89 and an intraday high of $7.09 and the price vacillated in this range throughout the day. The company has a market cap of $6.27 billion and the numbers of outstanding shares have been calculated to be 895.00 million shares.
Advanced Micro Devices, Inc. (AMD) announced that its AMD Embedded Radeon™ E9260 GPU has been selected by International Game Technology PLC (“IGT”) ( NYSE : IGT ), the global leader in gaming, for its new “CrystalCurve ULTRA™” gaming cabinet to drive dual 4K monitors at native resolutions, which will be a first in the casino gaming industry. The AMD Embedded Radeon™ E9260 GPU is the industry’s first discrete embedded graphics cards leveraging the new AMD Polaris architecture.
“AMD is a great partner for IGT,” said Rachel Barber, IGT Senior Vice President and Chief Technology Officer, Gaming. “We’re focused on providing our customers with a thoroughly engaging entertainment experience. AMD’s next-generation graphics processors based on the new Polaris Architecture really set our new CrystalCurve ULTRA cabinet apart, with exceptional graphics and highly efficient processing capabilities.”
Optimized for use in high-end systems spanning casino and arcade gaming, medical imaging, and conventional military and aerospace applications, AMD high-performance embedded GPUs enable stunning, immersive visual experiences while supporting efficient thermal design power (TDP) profiles. The AMD Embedded Radeon™ E9260 GPU leverages an optimized 14nm FinFET process to deliver greatly improved performance per watt vs. previous generations of AMD embedded GPUs. Providing up to 2.5 TFLOPS performance in a sub-50W TDP board power profile, the GPUs also offer advanced 4K encode/decode multimedia processing capabilities and multi-display configurability.
“Gaming machine developers have very demanding needs, always driving towards greater levels of customer engagement,” said Colin Cureton, director of marketing and product management, AMD Enterprise Solutions. “The AMD Embedded Radeon E9260 provides exceptional graphics performance for single and multi-display systems with low power consumption. With the new IGT Crystal Curve ULTRA gaming machines’ graphics capabilities powered by AMD, IGT engineers have created the next generation of immersive player experiences.”