On Thursday, in the course of current trade, Shares of QUALCOMM Incorporated (NASDAQ:QCOM), gained 0.45%, and is now trading at $67.61.
QUALCOMM Incorporated, declared the appointment of Frank Meng as chairman of Qualcomm China and the departure of Xiang Wang, senior vice president and president of Qualcomm Greater China. Meng’s appointment will be effective June 15, 2015 and he will report directly to Derek Aberle, president of Qualcomm Incorporated.
Meng has 30 years of telecommunications experience, eight of those with Qualcomm, which comprised of serving as senior vice president and president of Qualcomm Greater China from 2008 to 2010. Most recently, Meng was President of 21Vianet Group in Beijing, where he was responsible for planned planning, branding and marketing, government affairs and planned initiatives. Preceding to 21Vianet Group, he was with Motorola Mobility in Beijing where he served as senior vice president and president of Greater China, responsible for overseeing all aspects of Motorola’s Mobile Devices business and sales operations for China, Hong Kong and Taiwan.
Meng holds a bachelor’s degree of science in Microwave and Fiber Optic Communications from Beijing University of Posts and Telecommunications, and a master’s degree of science in Electrical Engineering from the Polytechnic University of New York.
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),
During Morning trade, Shares of E-Commerce China Dangdang Inc. (NYSE:DANG), surged 6.96%, and is now trading at $10.75.
E-Commerce China Dangdang, declared its unaudited financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Highlights
- Total net revenues for the first quarter of 2015 were RMB2,217.3 million ($357.7 million), a 27.7% enhance from the corresponding period in 2014. Gross Merchandise Value (“GMV”) from the marketplace in the first quarter of 2015 was RMB1,771.5 million ($285.8 million), a 49.4% enhance from the corresponding period in 2014. The combination of product revenue from principal business and GMV from the marketplace reached RMB3,920.2 million ($632.4 million) and grew 37.3% year-over-year.
- Dangdang had about 10.2 million active customers counting about 4.1 million new customers, in the first quarter of 2015, representing enhances of 18% and 46%, respectively, from the corresponding period in 2014. Total orders for the first quarter of 2015 were about 21.3 million, a 29% enhance from the corresponding period in 2014.
- Mobile orders accounted for 41% of total orders for the first quarter of 2015, contrast to 14% for the corresponding period in 2014.
- Net loss for the first quarter of 2015 was RMB60.2 million ($9.7 million), or negative 2.7% of total net revenues, contrast to net income of RMB2.0 million in the first quarter of 2014, or 0.1% of total net revenues.
E-Commerce China Dangdang Inc. operates as a business-to-consumer e-commerce company in the People’s Republic of China. It primarily sells books, periodicals, electronic publications, consumer electronics, and audio-visual products through its Website dangdang.com.
Finally, Medtronic plc (NYSE:MDT), gained 0.14% Thursday.
Medtronic, declared the launch of the Fortrex(TM) over-the-wire (OTW) percutaneous transluminal angioplasty (PTA) balloon catheter. The Fortrex PTA balloon catheter utilizes a high pressure balloon to break up the blockages and open the vessels to assist maintain arteriovenous (AV) access in the peripheral vascular system.
“Being able to maintain AV access for patients receiving hemodialysis for renal disease and kidney failure is critical as it is a patient`s lifeline,” said Dr. Brian L. Dunfee, interventional radiologist, Holmes Regional Medical Center in Melbourne, Fla. “In the past, other high pressure balloons could lose their shape, making it challenging to focus the pressure on the lesion that was blocking the AV access. The Fortrex PTA balloon`s rated burst pressure provides me with a predictable and efficient solution to crack the short, fibrous lesions to restore AV access.”
The Fortrex PTA balloon can be used to maintain AV access in patients receiving hemodialysis for chronic kidney disease or end stage renal failure. In some cases, patients receiving hemodialysis will develop plaque blockages at the dialysis site, which can limit access. The Fortrex balloon`s material and design permit shape retention at rated burst pressure, ensuring focused pressure on the lesion for controlled, targeted and predictable treatment.
Medtronic plc, a healthcare solutions company, provides medical technologies, services, and solutions worldwide. It operates through three segments: Cardiac and Vascular Group, Restorative Therapies Group, and Diabetes Group.
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