During Wednesday’s Morning trade, Shares of Corning Inc. (NYSE:GLW), gained 1.04% to $19.94.
Corning Incorporated, declared its latest optical cabling innovation for data centers and storage area networks (SAN), EDGE8(TM) solutions.
EDGE8 is the industry`s first modular, tip-to-tip optical cabling system to feature an eight-fiber (Base-8) cabling design that maximizes per-rack-unit density for better network scalability and improved link performance.
Driven by increasing adoption of cloud computing and a growing demand for streaming video, data centers and SANs are migrating to faster transmission speeds to find and send data back to consumers as quickly as possible. Corning`s EDGE8 is the most future-ready data center connectivity solution accessible for simple, efficient and cost-effective migration to transmission speeds up to 400 gigabits per second.
Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences.
Shares of eBay Inc. (NASDAQ:EBAY), inclined 0.10% to $60.30, during its current trading session.
eBay, declared that its board of directors has approved the completion of the formerly declared separation of eBay and PayPal into independent publicly traded companies. The separation will occur through a pro rata distribution of all of the stock of eBay’s partner PayPal Holdings, Inc. to eBay stockholders. The distribution remains subject to satisfaction of the conditions described in the preliminary information statement filed with the Form 10, counting, but not limited to, obtaining all necessary regulatory approvals, counting that of the European Central Bank.
In the distribution, eBay Inc. stockholders will receive one share of PayPal common stock for each share of eBay Inc. common stock held as of the close of business on July 8, 2015, the record date for the distribution. Subject to the satisfaction of the conditions to the distribution, the distribution of PayPal common stock is predictable to occur on July 17, 2015. PayPal will not issue fractional shares of its common stock in the distribution. Right away following the distribution, PayPal will be an independent, publicly traded company and will be listed on the NASDAQ Stock Market under the ticker “PYPL.” eBay will continue to trade on the NASDAQ Stock Market under the ticker “EBAY.”
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
Finally, Texas Instruments Inc. (NASDAQ:TXN), gained 0.91%, and is now trading at $51.98.
Texas Instruments Incorporated, introduced an integrated gate driver that offers adjustable gate drive settings with the flexibility to drive a wide range of external field-effect transistors (FETs), supporting multiple motors, speeds or varying loads. The DRV8701 enables designers to scale their platforms using a single gate driver across various brushed DC motor models in equipment such as white goods, household appliances, robotics, home automation, power tools, and industrial pumps and valves.
With its adjustable gate drive, advanced protection features and other integrated components, the DRV8701 brushed DC gate driver allows designers to replace up to 45 discrete components with a single device to build smaller and more robust designs.
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing. The Analog segment offers high volume analog and logic products for automotive safety devices, touch screen controllers, low voltage motor drivers, and integrated motor controllers; and power administration products to enhance the efficiency of powered devices using battery administration solutions, portable power conversion devices, power supply controls, and point-of-load products.
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