Shares of Hewlett-Packard Company (NYSE:HPQ) on Monday ended higher $1.6, or 4.7%, at $36.87, indicating market enthusiasm for the firm’s decision to divide itself in two, with an enterprise firm selling servers, networking and storage, and a PC and printer maker in a different outfit. The decision may separate bull and bear. On CNBC‘s “Squawk Alley” this morning, host Carl Quintanilla hosted some cynical guests, Roger McNamee of the private equity firm Elevation Partners, and Kara Swisher of Re/Code, but of whom seemed to say that the division was an admission that the reforming hadn’t fundamentally enhanced HP’s guidance, and that the two independent firms did not appear to have a whole lot to look forward to
Shares of Nokia Corporation (ADR)(NYSE:NOK) were down 1.8% during Tuesday premarket session after the company reported that it will hang up handset production at its Chennai plant in India from Nov. 1, the company reported on Tuesday. The facility in Chennai is amid Nokia’s largest for making handsets, but has faced headwinds as the company got trapped in a tax clash with the Indian government. Nokia has also suffered as demand for its handsets have declined in the last few years.
On Tuesday Level 3 Communications, Inc. (NYSE:LVLT) declared that Level 3 Financing, Inc., its completely purchased subsidiary (“Level 3 Financing”), has started the marketing of a new senior secured tranche under its existing senior secured credit facility (the “Tranche B 2022 Term Loan”). Shares of Level 3 Communications, Inc. (NYSE:LVLT) went up 0.6% on last trading session