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Stock Market & Financial Investment News

News Breaks
July 30, 2012
09:21 EDTERIC, ALU, NXPI, ELT, ESE, ITRI, ENOC, COMV, ELONMachine to machine communication growing rapidly, NY Times says
The number of machine to machine communication devices using wireless networks will at least triple by 2017, The New York Times quoted research firm Berg Insight as saying. As many as 50B machines will be connected to wireless networks by 2020, an Ericcson (ERIC) executive said, and smart meters and the auto industry are currently the leading users of machine to machine communications, the newspaper added. Reference Link
News For ERIC;ALU;NXPI;ELT;ESE;ITRI;ENOC;COMV;ELON From The Last 14 Days
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August 29, 2014
09:22 EDTNXPIOn The Fly: Pre-market Movers
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09:14 EDTNXPINXP to provide NFC chips for upcoming iPhone, FT reports
NXP Semiconductors (NXPI) will provide Apple (AAPL) with secure near-field communications chips for its next iPhone, according to Financial Times, citing Several people familiar with the phonemaker's plans. Shares of NXP trading in New York are up 3% pre-market following the report. Reference Link
August 28, 2014
09:57 EDTALUOn The Fly: Analyst Upgrade Summary
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07:29 EDTALUAlcatel-Lucent removed from Europe 1 List at BofA/Merrill
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06:51 EDTALUAlcatel-Lucent upgraded to Outperform from Market Perform at Bernstein
August 22, 2014
06:46 EDTERICEricsson contract with MTS upped to exceed $1.5B, Reuters says
Russia's MTS said that it had raised the value of its contract with Ericsson to exceed $1.5B, reported Reuters. MTS noted that it agreed to an extra $286M contract with the Swedish company for the broadening and modernization of its 2G, 3G and LTE networks throughout Russia. Reference Link
05:18 EDTELONEchelon to sell Grid operations to S&T AG
Echelon announced that it has signed a definitive agreement to sell its Grid operations to S&T AG, a publicly traded European IT systems provider with an existing focus on smart energy products and services. The companies expect the deal to close by the end of the year. Under the terms of the agreement, Echelon will receive approximately $5M in upfront consideration, dependent in part on the value of net assets at closing. After fees, expenses, and restructuring charges are considered the company expects the net benefit to be nominal. Echelon will also become a supplier of its industry-leading narrowband high-reliability power line communications chips to S&T for use in their smart meters and related products. Echelon will receive future benefits in the form of revenue from the purchase of these products, as well as rental income, and potential performance-based consideration of up to $1M. As part of the transaction approximately 60 current Echelon employees are expected to join S&T. The acquisition is anticipated to be accomplished via a subsidiary established by S&T.
August 21, 2014
09:00 EDTNXPISeveral semi companies have positive read through from deal, says Sterne Agee
After Infineon (IFNNY) bought International Rectifier (IRF), Sterne Agee thinks the deal indicates that the shares ofother players in the sector - including Spansion (CODE), NXP Semiconductors (NXPI), and Avago (AVGO) - can rise further. The firm keeps Buy ratings on the latter three stocks.
August 20, 2014
12:38 EDTALUAlcatel-Lucent announces early repayment of $1.75B credit facility
Alcatel-Lucent announced today that its affiliate Alcatel-Lucent USA has repaid early and in full the senior secured credit facility of an initial principal amount of 1.75B entered into on January 30, 2013. The senior secured credit facility was secured by various first-priority pledges on a material portion of the Alcatel-Lucent Group's assets. The pledges will be consequently cancelled and released.
05:20 EDTERICEricsson to upgrade Vodafone Australia network
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August 19, 2014
08:36 EDTENOCEnerNOC announces investment in WeSpire
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08:01 EDTELONEchelon announces Lumewave acquisition
Echelon announced that it has acquired Lumewave. Echelon will sell the Lumewave products, which include individual lighting controllers, gateways, and management and maintenance software, and will incorporate Lumewave’s established sales channels in North America into its existing channels worldwide. Terms of the transaction were not disclosed.

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