Month: December 2012

Covidien plc. ( COV ), a large-cap medical technology company, recently introduced the AS Meniscal Repair Device intended to repair torn meniscus in the knee. […]

Recently, DaVita Inc. ( DVA ) announced the acquisition of Tulips Dialysis Centre – a hemodialysis center near Kuala Lumpur in Malaysia. Additionally, the company opened two dialysis centers in the greater Kuala Lumpur area as a joint venture with Seri Setia Group […]

Precision guided therapy tools provider for diagnosis and treatment of coronary and peripheral vascular disease, Volcano Corporation ( VOLC ) has actively pursued acquisitions to drive growth. Following its declaration of signing a definitive agreement to acquire Israeli Sync-Rx Ltd. 2 weeks back, Volcano again came up with another acquisition agreement to purchase California based privately held Crux Biomedical, Inc. […]

Leading chipmaker Broadcom Corporation ( BRCM ) recently declared the inclusion of its latest smartphone platform in its product profile. The newly launched process is entirely compatible with Android 4.2 Jelly Bean operating system (OS). The 3G platform embedded with BCM21664T 1.2GHz HSPA+ cellular baseband is considered to be the first dual-core HSPA+ processor in the industry which is especially designed for low-end smartphones […]

SunPower Corporation ( SPWR ) has extended its long-standing supply agreement with Toshiba through 2018. Pursuant to the supply agreement, SunPower would provide over 100 megawatts of its highest efficiency residential solar panels annually exclusively to Toshiba. […]

Public Service Enterprise Group Inc. ( PEG ) has announced its expectation for costs and earnings associated with the Superstorm Sandy that had badly hit the U.S. East Coast electric companies at the end of October 2012 and the subsequent Nor'easter that had worsened the situation later in November 2012 […]

We are maintaining a Neutral recommendation on Sprint Nextel Corporation ( S ) – the third-largest wireless carrier in the U.S. The company is characterized by wide network coverage, attractive product and service offerings and a well-designed restructuring program. We believe that Sprint is concentrating on three main objectives to better its performance levels in the coming months. […]

Dow Electronic Unit, a business unit of The Dow Chemical Company ( DOW ), recently announced two new technologies for leading-edge semiconductor and printed circuit board (PCB) manufacturing. The company also announced that it has advanced with its extreme ultraviolet (EUV) lithography development efforts. Dow launched its first two polishing pad families under its new IKONIC chemical mechanical planarization (CMP) pad platform […]

Chipmaker Altera Corporation ( ALTR ) recently trimmed its revenue guidance for fourth quarter 2012 and updated its financial guidance for 2013. Altera now expects revenue to be 8% to 10% lower than the third-quarter levels, compared to the previous guidance of down 6% to 10%. This translates into revenues of $445.5 million – $465.3 million, down from the previous estimate of $455.4 million – $465.3 million. […]

U.S. Bancorp ( USB ) plans to boost its mortgage repurchase reserves in the fourth quarter of 2012. The decision comes on the heels of Freddie Mac’s increase in its repurchase requests […]

Raytheon Company ’s ( RTN ) subsidiary Raytheon BBN Technologies has entered into an agreement worth $16 million, funded by the Defense Advanced Research Projects Agency (“DARPA”) and the U.S. Air Force Research Laboratory (“AFRL”). This contract comes under the U.S. […]

Technology distribution company Ingram Micro ( IM ) has acquired value added technology distributor Promark Technology. The latter particularly focuses on data storage, data management, and products and services related to electronic document imaging. The acquisition, which was closed on November 30, is a prudent move by Ingram. […]

NCI Building Systems Inc. ( NCS ) reported adjusted profit of 8 cents in the fourth quarter of 2012, ending October 28, 2012, in line with the Zacks Consensus Estimate and improved considerably from the year-ago quarter adjusted loss of 11 cents a share. Operational Update Sales increased 28% year over year to $361.7 million in the quarter, outpacing the Zacks Consensus Estimate of $357 million, driven by a 21% increase in volume […]

Social game developer Zynga Inc. ( ZNGA ) recently signed a partnership deal with Synacor Inc. ( SYNC ), a cloud-based television services provider. […]

Regis Corporation ( RGS ) has recently appointed Steven M. Spiegel as the Chief Financial Officer (CFO) and Executive Vice President of the company with immediate effect. […]

Oil and natural gas exploration and production play, Anadarko Petroleum Corporation ( APC ) provided an operational update on its core assets – Wattenberg in Colorado, Eagleford Shale in Texas, Greater Natural Buttes in Utah and Marcellus Shale in Pennsylvania. The output from each of these prospects beat the gross production mark of 100,000 barrels of oil equivalent per day (BOE/d) during November 2012. The Wattenberg prospect recently witnessed record production level in excess of 45,000 BOE/d. […]

DISH Network Corp. ( DISH ) – the second largest satellite TV operator in the U.S. has decided to pay a special cash dividend of $1 per share on the company’s common stock […]