During Friday’s current trade, Shares of Microsoft Corporation (NASDAQ:MSFT), surged 6.95%, and is now trading at $46.35.
EY declared a planned business relationship with Microsoft Corporation, to deliver new and innovative services through their digital-age strengths to companies around the world. The services will utilize EY’s practices in analytics, cyber security, digital enterprise strategy, digital and emerging technology enablement, people services, and program administration to deliver new offerings using Microsoft’s cloud and data platforms. The aim is to assist customers remove barriers to digital adoption, improve employee experience at work, and maximize companies’ return on their investment in digital technologies.
The core of the relationship focuses on the vast number of users with Microsoft product experience and brings EY’s business, digital, analytic, and program administration experience to companies in a way that is familiar, yet allows them to transition to a more powerful cloud-based experience to realize improved business outcomes. The alliance will focus on:
- Jointly delivering business services using Microsoft technologies and EY’s business and technology skills, counting advanced program administration and purpose-led transformation
- Combining Microsoft technologies and EY expertise to advance cybersecurity across industries
- Deploying a variety of enterprise products on Microsoft Azure, with EY collaborating closely with Microsoft Consulting Services
- Using Azure based applications to harvest near-term value out of software and data that reside presently within customers’ existing operations
- Establishing co-innovation capabilities on a host of advanced administration science applications and driving customers’ business advantage from the “internet of things”.
Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system.
During morning trade, Shares of StemCells Inc. (NASDAQ:STEM), dipped -33.54%, and is now trading at $0.55, hitting its lowest level.
StemCells, declared the pricing of an underwritten public offering of common stock and warrants with a public offering price of $0.70 for a fixed combination of one share of common stock and a warrant to purchase three-quarters of a share of common stock. The warrants have an exercise price of $0.85 per share, are exercisable right away, and will expire five years from the date of issuance. The Company anticipates to receive gross proceeds of about $25.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses. The Company has also granted the underwriters a 30 day option to purchase up to an additional 5,357,250 shares of common stock and/or warrants to purchase up to an additional 4,017,938 shares of common stock to cover over-allotments, if any.
The offering is predictable to close on or about April 29, 2015, subject to customary closing conditions.
Maxim Group LLC is acting as sole book-running manager and Chardan Capital Markets is acting as co-manager for the offering.
StemCells, Inc., a biopharmaceutical company, researches, develops, and commercializes cell-based therapeutics and related technologies for stem cell-based research and drug discovery and development.
Shares of Comcast Corporation (NASDAQ:CMCSA), during its Friday’s current trading session lost -0.03%, and is now trading at $59.21.
Comcast Corporation, declared this morning that its merger agreement with Time Warner Cable and its transactions agreement with Charter Communications, Inc. have been terminated. The following is a statement from Comcast Chairman and CEO Brian L. Roberts:
Comcast NBCUniversal is a unique company with strong momentum. Throughout this entire process, our employees have kept their eye on the ball and we have had fantastic operating results. I want to thank them and the employees of Time Warner Cable for their tireless efforts.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments.
Finally, Cisco Systems, Inc. (NASDAQ:CSCO), gained 0.30% Friday.
Cisco Systems, introduced Cisco® Collaborative Knowledge, a Software-as-a-Service (SaaS) solution designed to assist our customers transform their organizations and empower any employee with the digital tools and technology they need to access experts, learning and knowledge in real time.
In today’s evolving marketplace, organizations must develop innovative ways to train and update the skills in their workforce and share expertise both internally and with their customers. One of the greatest challenges facing organizations recently is not only a shortage of people — it is also a shortage of key skills. With 90 percent of jobs predictable to change in the digital economy1, analysts predict there will be an estimated shortage of 38 to 40 million college-educated workers by 20202. To be positioned for growth, performance and productivity, organizations must transform into digital workplaces where knowledge sharing, learning and talent innovation are able to occur in real-time, anytime, anywhere.
Cisco Collaborative Knowledge integrates best-in-class consumer and business technologies to enable capabilities such as highly secure knowledge sharing, expert identification, continuous learning, social networking and analytics into one complete and end-to-end enterprise knowledge exchange. With Cisco Collaborative Knowledge, workers are able to benefit from these continuous learning features, assisting organizations innovate and solve real-world business challenges.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, counting fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and NGN routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
