Following in the footsteps of comparable companies, Diodes reported in-line 3Q13 results but also provided below-consensus 4Q13 revenue guidance. Management’s 4Q13 revenue guidance of -5.5% quarter over quarter (midpoint) is an indication of weaker market conditions and not indicative of the company losing market share. We are sticking with our Buy rating as we believe…
In the first quarter, Spain’s Grupo BBVA reported profits of EUR 1,734 million, largely driven by gains of about EUR 823 million on disposals. Impairment losses fell 51% sequentially to EUR 1,376 million on the non-recurrence of special provisions in the trailing quarter, but the benefit of this was largely offset by a 7% sequential…
On Jan 21 Wal-Mart Stores Inc (NYSE:WMT) said it has launched a service allowing customers to pick up tax refunds in cash at stores across the United States. The service, Walmart Direct2Cash, was made available at Wal-Mart stores from Tuesday, the company said. Wal-Mart Stores Inc. (NYSE:WMT) belongs to Services sector. Its net profit margin…
On Jan. 11, Tekmira Pharmaceuticals Corp. (NASDAQ:TKMR), announced that they have agreed to merge to create a new leading global HBV company focused on developing a curative regimen for hepatitis B patients by combining multiple therapeutic approaches. Tekmira Pharmaceuticals Corp. (NASDAQ:TKMR) belongs to Healthcare sector. Its weekly performance is 55.49%. On last trading day company…
Alcobra Ltd. (NASDAQ:ADHD) announced the pricing of its previously announced underwritten public offering of 6,500,000 ordinary shares at an offering price of $4 per share. Gross proceeds from the sale of the shares by Alcobra before underwriting discounts and commissions and other offering expenses are expected to be approximately $26 million. The offering is expected…
Ciena Corp. (NYSE: CIEN) and Avaya are introducing an end-to-end WAN-LAN data networking solution to cost-effectively simplify network operations for enterprises while increasing control when delivering on-demand services. Combining the intelligence and simplicity of Avaya Fabric Connect technology with the programmability and scalability of Ciena’s converged packet optical and packet networking platforms, the solution provides…
