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Stock Market & Financial Investment News

News Breaks
March 19, 2013
07:22 EDTOCLR, EMKR, FNSR, NPTN, FN, JDSUNeedham to host company meetings at OFC
Needham Analyst Henderson holds a day of company meetings in conjunction with the Optical Fiber Communications Conference in Anaheim, California on March from 12 pm to 5:30 pm.
News For OCLR;EMKR;FNSR;NPTN;FN;JDSU From The Last 14 Days
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October 1, 2014
10:04 EDTJDSUSandell estimates potential value of JDSU at $19-$26 per share
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September 29, 2014
10:00 EDTEMKROn The Fly: Analyst Downgrade Summary
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07:34 EDTEMKREMCORE downgraded to Hold from Buy at Needham
Needham downgraded EMCORE to Hold from Buy based on balanced risk/reward.
September 26, 2014
13:01 EDTEMKRVeritas Capital reports 11.7% stake in EMCORE
September 25, 2014
16:51 EDTFNFabrinet files to delay 10-K
Fabrinet announced that it is delaying the filing of its Annual Report on Form 10-K for the year ended June 27. Prior to the completion of Fabrinetís fiscal year 2014 financial results, Fabrinet discovered potential accounting violations with respect to consignment shipments and inventory. Subsequently and as previously disclosed, the Audit Committee of Fabrinetís Board of Directors began conducting an internal investigation concerning various accounting cut-off issues, specifically procedures surrounding consignment revenue and inventory. The investigation identified certain process weaknesses concerning shipments of goods to consignment and the need for certain remedial measures, including (1) process improvements, (2) personnel training regarding revenue recognition policies and inventory management techniques and their relevant accounting considerations, and (3) certain personnel actions. The Audit Committee provided these findings to Fabrinetís management. On September 10, 2014, Fabrinet filed with the SEC a Form 12b-25, Notification of Late Filing, with regard to its Form 10-K. At the time of filing, Fabrinet expected that it would be able to file its Form 10-K within the 15-day extension period provided by the form. However, Fabrinet recently determined that it requires additional time to file its Form 10-K because it is currently evaluating and discussing with its auditors its accounting practices concerning consignment goods. Fabrinet expects to file its Form 10-K by next week.
September 23, 2014
05:23 EDTOCLROclaro increases investment in 100G manufacturing capacity
Oclaro announced it is increasing investment in 100G manufacturing capacity to support the growing demand of 100G client-side pluggable optics. This increased investment has been driven by the company's successful introduction of 100G client side interfaces in the CFP/CFP2 form factors, and will enable Oclaro to support the existing 100G form factors along with higher density form factors that will be shipping in 2015 and beyond. Complementing this announcement, Oclaro also announced today its second-generation CFP2 transceiver, which has been sampling to key customers and is expected to enter volume production in Q4.
September 18, 2014
11:56 EDTFNSRFinisar management to meet with Barrington
Meetings to be held in Portland, OR on September 23 and in Seattle on September 24 hosted by Barrington.
11:39 EDTEMKREMCORE gaps up, trends down through session
The shares gapped up at the open at $5.90, marking the session high and a new 52-week high. Since hitting the high the stock has been steadily trending down, last at $5.43. At that price next support is at $5.24, a prior pivot high on a closing basis. Resistance is at $5.66.
11:27 EDTEMKREMCORE soars after sale of space photovoltaics business, CEO change
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08:59 EDTEMKROn The Fly: Pre-market Movers
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06:30 EDTEMKREMCORE price target raised to $10 from $6.50 at B. Riley
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September 17, 2014
19:07 EDTEMKREMCORE up 30% after-hours following Space unit sale, CEO transition announcement
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18:35 EDTEMKREMCORE to resume trading at 7:00pm ET
Quotes resume at 6:55pm ET.
18:31 EDTEMKREMCORE announces CEO transition plan
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18:28 EDTEMKREMCORE sells space photovoltaics business to Veritas Capital for $150M in cash
EMCORE announced that it has entered into a definitive agreement with an affiliate of private equity firm Veritas Capital, under which an affiliate of Veritas has agreed to purchase EMCORE's Space Photovoltaics business for $150M in cash. The transaction is subject to approval by EMCORE's shareholders and other customary closing conditions and is currently expected to close in December 2014 or January 2015. The transaction is not subject to a financing condition. In connection with this transaction, an affiliate of Veritas has entered into a voting agreement with certain shareholders of EMCORE, including certain directors and officers of the company, that control in the aggregate approximately 11% of the voting power of the company, under which they have agreed to vote their shares in favor of the transaction. EMCORE's Space Photovoltaics business was founded in 1998 and is based in Albuquerque, NM. The business provides products for space power applications including high-efficiency multi-junction solar cells, coverglass interconnected cells and complete satellite solar panels, along with terrestrial applications, including high-efficiency multi-junction solar cells for concentrating photovoltaic power systems.
18:20 EDTEMKREMCORE trading halted, pending news
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