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Corporate Summary

•    Apple Inc. (NASDAQ:AAPL), the biggest customer for noise-filtering chips of Audience Inc (NASDAQ:ADNC) said it will stop using the latter’s technology. Subsequently, Audience’s shares crashed 63.4%

•    Dell Inc. (NASDAQ:DELL) announced its first cash dividend and will be paying $0.08 a share next month

•    Weak demand on the back of soft macroeconomic conditions led tech-heavyweight Intel Corporation (NASDAQ:INTC) to slash its revenue forecasts to $13.2 billion, down from a previous projection of $13.8 billion to $14.8 million

•    Shares of VeriFone Systems Inc (NYSE:PAY) jumped 6.3% after reporting net income per share of $0.64 (excluding one-time charges but including stock-based compensation expense), outpacing the Zacks Consensus Estimate of $0.61
 

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