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The San Jose, Calif.-based buyer said it will pay $170 million to its Taiwanese partner across four years under a stock purchase agreement.
Stocks hold lower early afternoon Friday, remaining in the red after disappointing retail sales and producer prices data was released.
Stocks edge lower on Friday morning, retreating from records set a day earlier, after disappointing retail sales data is released.
Here are Friday's top research calls, including upgrades for BlackBerry and Nvidia, and downgrades for Barracuda and SunPower.