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HEXUS.sharewatch: change of leadership boosts Oracle and Nokia

by Scott Bicheno on 13 September 2010, 13:51

Tags: Nokia (NYSE:NOK), Oracle (NASDAQ:ORCL), ARM

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Last week was a big one for high profile appointments in the tech world. First Oracle boss Larry Ellison took on his mate - ousted former HP boss Mark Hurd - as one of his lieutenants, then Nokia saw fit to tap Microsoft for its first ever non-Finnish CEO.

The Hurd appointment was not without its detractors. He is probably best known for streamlining while at HP. This ensured the company maintained margins and came through the global recession well, but doesn't seem to have done much to increase Hurd's popularity within HP, and probably contributed to his ousting.

Meanwhile Elop was an intriguing choice at Nokia, given that the former Microsoft man doesn't have much experience in making mobile phones. Those who were disappointed with his employment pointed to the need for a product guru and, judging by today's news, that might yet come to pass.

The investment community seems to have no such reservations about either appointment. Both Oracle's and Nokia's shares were the big risers last week - along with ARM, which announced its latest application processor design - implying the appointments were generally well received.

It's also worth noting that HP had a bad week and Microsoft was down, as were the two primary exponents of x86 chips - Intel and AMD - that are most threatened by ARM's continued ascendancy.

 

Company Listing Share price 22/8/10 Share price 31/8/10 Share price 6/9/10 Share price 13/9/10 7-day change Market cap (bn)
AMD AMD 6.25 5.78 6.09 5.81 -4.6% 3.92
Apple AAPL 249.64 242.50 258.77 263.41 1.8% 240.64
ARM ARMH 15.13 15.76 17.22 18.66 8.4% 8.21
Avnet AVT 24.17 23.18 25.47 24.91 -2.2% 3.78
Cisco CSCO 22.23 20.32 21.04 20.62 -2.0% 117.76
Dell DELL 12.07 12.02 12.59 12.06 -4.2% 23.45
Google GOOG 462.02 452.69 470.30 476.14 1.2% 151.75
HP HPQ 39.85 38.56 40.34 38.28 -5.1% 89.36
IBM IBM 127.50 123.40 127.58 127.99 0.3% 161.43
Ingram Micro IM 15.76 14.87 16.14 15.83 -1.9% 2.48
Intel INTC 18.91 17.96 18.43 17.97 -2.5% 100.06
Microsoft MSFT 24.23 23.64 24.29 23.85 -1.8% 206.39
Nokia NOK 9.09 8.56 9.25 9.94 7.5% 37.22
Nvidia NVDA 9.97 9.64 9.90 10.07 1.7% 5.78
Oracle ORCL 23.02 22.02 22.92 25.05 9.3% 125.91
Qualcomm QCOM 38.91 38.29 40.38 40.42 0.1% 64.88
Tech Data TECD 37.97 36.38 39.46 38.21 -3.2% 1.78
Dow .DJI 10213.62 10009.73 10447.93 10462.77 0.1% N/A
FTSE 100 .FTSE 5195.28 5150.11 5428.15 5501.64 1.4% N/A
NASDAQ .IXIC 2179.76 2119.97 2233.75 2242.48 0.4% N/A


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