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Stock Market & Financial Investment News

News Breaks
April 21, 2014
07:43 EDTINTC, SMTSMART Technologies announces share structure changes after board resignations
SMART Technologies (SMT) reports that, commensurate with the resignations of Mr. Martin and Ms. Knowlton from the board of directors, all of its issued and outstanding Class B shares have automatically converted into single vote Class A Subordinate Voting Shares. The company no longer has any issued and outstanding Class B shares that carry multiple voting privileges and no further Class B shares are permitted to be issued by the company. On April 17, there were 79,464,195 Class B shares outstanding and such shares have now converted into 79,464,195 Class A Subordinate Voting Shares, representing 65.6% of the outstanding Class A Subordinate Voting Shares. After this conversion, the breakdown of Class A Subordinate Voting Shares is: Mr. Martin and Ms. Knowlton own 23.5%, entities related to and funds advised by Apax Partners hold 31.1%, Intel (INTC) holds 14.4% and the remaining 31.0% of shares are widely held.
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December 16, 2014
11:31 EDTINTCRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link

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