On Monday, Shares of QUALCOMM Incorporated (NASDAQ:QCOM), gained 0.21% to $63.15.
QUALCOMM Incorporated declared that its partner, Qualcomm Atheros, Inc., has reached a definitive merger agreement to acquire Ikanos Communications, Inc. (IKAN), a high performance broadband networking semiconductor and software provider enabling both central office and home gateway solutions. Following the agreement, Qualcomm Atheros, through a wholly-owned partner, will commence a tender offer to acquire all of the issued and outstanding shares of common stock of Ikanos for $2.75 per share in cash, and assume all outstanding indebtedness at the closing of the transaction.
The acquisition is intended to expand Qualcomm Atheros’ footprint in the carrier fixed line segment with the addition of high performance broadband access and modem technologies critical to enhancing users’ connected experiences in the home. The home gateway extends Qualcomm Atheros’ leadership in carrier Wi-Fi and wired connectivity, while providing a central hub for Internet of Everything (IoE) enabled devices, services and 3G/LTE small cells.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI).
Shares of Lowe’s Companies Inc. (NYSE:LOW), inclined 0.06% to $69.57, during its last trading session.
Lowe’s Companies declared its latest tool to assist Pro customers save time, money and run their businesses more efficiently: a newly improved LowesForPros.com. Through the upgraded site, Pro customers can make and track purchases of more than 500,000 items to run their business from the convenience of a computer, tablet or smartphone and can choose to buy online and pick-up in-store or have orders delivered directly to their business or jobsite.
Lowe’s listened to the Pro customer and designed the new LowesForPros.com to be a complete online solution, offering more efficient functionality that allows Pros to develop requisition lists, access purchase history reports and create custom catalogs. These catalogs enable customers, such as property administration companies, to maintain their brand and design standards across multiple buyers and locations while saving time creating new orders. The website also allows Pro customers to manage their company spend by setting purchase approvals and providing the ability to process tax-exempt transactions.
Lowe’s Companies, Inc. operates as a home improvement retailer. The company offers products for maintenance, repair, remodeling, and home decorating. It provides home improvement products under the categories of kitchens and appliances; lumber and building materials; tools and hardware; fashion fixtures; rough plumbing and electrical; lawn and garden; seasonal living; paint; home fashions; storage and cleaning; flooring; millwork; and outdoor power equipment.
Finally, Southern Company (NYSE:SO), ended its last trade with -0.15% loss, and closed at $45.46.
Georgia Power declared the completion of the installation of Automatic Fault Location, Isolation and Service Restoration (FLISR) distribution technology on circuits serving more than 1.1 million customers across the state. The technology automatically isolates a trouble area and restores service to remaining customers by transferring them to other nearby sources. A continued focus on investments that improve reliability and service for customers, such as FLISR, has assisted position Georgia Power as an industry leader in customer satisfaction.
The improved technology assists crews locate trouble spots more quickly and reduces overall outage durations for customers. So far this year, the company has avoided more than 9.2 million customer outage minutes due to the successful FLISR operations. Georgia Power plans to continue enhancing its infrastructure and expand the technology to an additional 150,000 customers by the end of the year.
Georgia Power added the FLISR technology to its network as part of statewide smart grid improvement project conducted through a multiyear Smart Grid Investment Grant awarded by the Department of Energy.
Georgia Power is the largest partner of Southern Company (SO), one of the nation’s largest generators of electricity.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
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