New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 19, 2014
14:41 EDTIMI, SNDK, TOSYYIntermolecular surges after SanDisk, Toshiba license memory IP
Shares of semiconductor and clean-energy technology company Intermolecular (IMI) are on the rise after the company announced that SanDisk (SNDK) and Toshiba (TOSYY) have jointly elected to take an exclusive license to Intermolecular's developed intellectual property, or IP. WHAT'S NEW: Intermolecular announced that SanDisk and Toshiba have jointly elected to take an exclusive license, in a limited field, to Intermolecular's rights in the IP developed under a collaborative development program, as well as Intermolecular's background intellectual property. The related technologies have been developed for next-generation memory. The companies' CDP with Intermolecular, specifically targeted at developing certain memory products, materials, processes and device technologies, was concluded on March 15. Under the terms of the exclusive license, SanDisk and Toshiba will prepay non-refundable royalties in quarterly installments over a predetermined period. WHAT'S NOTABLE: On February 27, Intermolecular first reported that development activity related to the collaborative development program agreement with both SanDisk and Toshiba reached a conclusion. The company's CEO Dave Lazovsky said, "The objective of the CDP was to prepare certain memory technology for future production, and we are proud to have worked with SanDisk and Toshiba over the last four years to achieve the goal of our collaboration. We believe that we have helped them develop such memory technology with the potential to be the industry leader in non-volatile memory capability." ANALYST REACTION: Research firm Pacific Crest commented that the strength in Intermolecular shares on the news has been overdone. The firm added that it does not expect the license payments to ramp for 5 years. PRICE ACTION: In afternoon trading, shares of Intermolecular rose 79c, or about 35%, to $3.06.
News For IMI;SNDK;TOSYY From The Last 14 Days
Check below for free stories on IMI;SNDK;TOSYY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 2, 2014
07:09 EDTSNDKNetlist patent case against SanDisk will proceed
Subscribe for More Information
August 28, 2014
06:18 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
Stocks with implied volatility below IV index mean; SanDisk (SNDK) 22, Walgreen (WAG) 19 according to iVolatility.
August 27, 2014
07:43 EDTSNDKJefferies to hold a summit
Subscribe for More Information
06:07 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
Subscribe for More Information
August 26, 2014
06:09 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
Subscribe for More Information
August 25, 2014
06:15 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
Subscribe for More Information
August 22, 2014
05:44 EDTSNDKStocks with implied volatility below IV index mean; SNDK WAG
Stocks with implied volatility below IV index mean; SanDisk (SNDK) 23, Walgreen (WAG) 20 according to iVolatility.
August 21, 2014
08:49 EDTSNDKSanDisk gross margins to get boost from FIO, says Sterne Agee
Sterne Agee expects SanDisk's gross margins to be boosted from the integration of the FIO Enterprise SSD unit, whose acquisition closed on July 23. The firm adds that the company's new Malaysia factory should drive its tax rate lower over time. Sterne Agee keeps a $125 price target and Buy rating on the shares.
06:12 EDTSNDKDRAM prices making downward correction with oversupply concerns, DigiTimes says
Subscribe for More Information
05:50 EDTSNDKStocks with implied volatility movement; QCOM SNDK
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use