02/06
Headlines

Market Watch: Ericsson (NASDAQ:ERIC), Gerdau S.A. (NYSE:GGB), Extreme Networks Inc. (NASDAQ:EXTR), Star Gas Partners, L.P. (NYSE:SGU), Gold Resource Corp (NYSEMKT:GORO)

Kevin Long02 mins

Swedish mobile network equipment maker Ericsson (NASDAQ:ERIC) reported Tuesday lower profit in its fourth quarter, despite a slight increase in net sales. For the quarter, net income plunged 35 percent to 4.2 billion Swedish kronor from last year’s 6.4 billion kronor. Earnings per share dropped 35 percent year-over-year to 1.29 kronor. Ericsson (NASDAQ:ERIC) belongs to…

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QLogic Corporation Announces Key Acquisition

Chris Lewis02 mins

QLogic (NASDAQ:QLGC) announced on Tuesday it was acquiring Broadcom’s 10/40/100GbE controller assets for $147M in an allcash deal. In addition, QLogic paid $62M in a one-time fee to purchase Broadcom’s Fibre Channel licenses, simply as an “insurance policy” to protect the strong cash flows of their FC business. Near-term, this acquisition should augment their market…

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Investor’s Alert: Yingli Green Energy (NYSE:YGE), Brady Corp (NYSE:BRC), 3D Systems Corporation (NYSE:DDD), Signet Jewelers Ltd. (NYSE:SIG)

Richard Atkins03 mins

Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) has struggled on the charts for much of 2014, the stock was one of many alternative energy companies to shoot significantly higher today, thanks to an upbeat earnings report from sector component Trina Solar Limited (ADR) (NYSE:TSL). In fact, by the sound of the closing bell, the…

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