On Friday, SanDisk Corporation(NASDAQ:SNDK)’s shares inclined 0.63% to $59.30.
SanDisk Corporation ( SNDK), a global leader in flash storage solutions, recently declared it has reached agreement with SK Hynix, Inc. to modify and extend their intellectual property licensing relationship and enter into a multi-year commercial relationship under which SK Hynix will supply its leading-edge DRAM products to SanDisk. These agreements comprise a settlement of the trade secret misappropriation suit filed by SanDisk in 2014.
Under these agreements, which will expire on March 31, 2023, SanDisk will release SK Hynix of its liability pertaining to the trade secret litigation and license certain intellectual property rights to SK Hynix in exchange for license and royalty payments to be made over the duration of the agreement. In addition, SK Hynix has agreed to supply SanDisk with certain volumes of its DRAM products for MCP and SSD applications. The specific terms and conditions of the agreements, counting with respect to economic consideration, are confidential.
SanDisk Corporation designs, develops, manufactures, and markets data storage solutions in the United States and internationally. The company offers removable cards, which are used in various applications and consumer devices, counting digital cameras, camcorders, smartphones, tablets, and eReaders under the SanDisk Ultra, SanDisk Extreme, and SanDisk Extreme PRO brands; and embedded products that are used in mobile phones, tablets, notebooks, and other portable and wearable devices, in addition to in automotive and connected home applications under the brand name iNAND.
Ross Stores, Inc. (NASDAQ:ROST)’s shares dropped -1.08% to $53.15.
Ross Stores, Inc. (ROST) will declare its second quarter 2015 earnings results on Thursday, August 20, 2015. A press release will be sent out at about 4:00 p.m. Eastern time.
The Company will also provide additional details concerning its second quarter 2015 results and business outlook on a conference call to be held on Thursday, August 20, 2015 at 4:15 p.m. Eastern time. Participants may listen to a real-time audio webcast of the conference call by visiting the Investors section of the Company’s website located at www.rossstores.com.
Ross Stores, Inc., together with its auxiliaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at everyday savings of 20% to 60% off department and specialty store regular prices primarily to middle income households; and dd’s DISCOUNTS stores sell its products at everyday savings of 20% to 70% off moderate department and discount store regular prices to moderate income households. As of July 16, 2015, it operated 1,400 off-price apparel and home fashion stores in 33 states, the District of Columbia, and Guam. Ross Stores, Inc. was founded in 1957 and is headquartered in Dublin, California.
At the end of Friday’s trade, Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS)‘s shares dipped -2.70% to $1.21.
Sunesis Pharmaceuticals, Inc. (SNSS) declared that Daniel Swisher, Chief Executive Officer of Sunesis, will present at the 2015 Wedbush PacGrow Healthcare Conference on Wednesday, August 12th at 10:20 AM Eastern Time at Le Parker Meridien Hotel in New York City.
Sunesis Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of oncology therapeutics for the treatment of solid and hematologic cancers. The company is developing vosaroxin, an anti-cancer quinolone derivative for the treatment of acute myeloid leukemia (AML). It has accomplished a Phase III, randomized, double-blind, and placebo-controlled trial of vosaroxin in combination with cytarabine in patients with relapsed or refractory AML.
PGT, Inc. (NASDAQ:PGTI), ended its Friday’s trading session with -5.89% loss, and closed at $13.41.
PGT, Inc. (PGTI), the leading U.S. manufacturer and supplier of residential impact-resistant windows and doors, declares financial results for its second quarter and six months ended July 4, 2015.
Financial highlights for the second quarter ended July 4, 2015, contrast to the second quarter of last year, comprise:
- Net sales of $100.8 million, an enhance of $19.2 million, or 23.5%;
- Gross margin of 32.7%, up from 32.0%;
- Selling, general and administrative expense as a percentage of net sales was 16.6%, contrast to 15.9%;
- Net income of $6.8 million, contrast to $7.8 million;
- Net income, adjusted for the costs related to new vinyl product launch and manufacturing lines start-up, and the effect of a non-recurring charge to income tax expense, was $8.6 million, contrast to $7.8 million;
- Adjusted net income per diluted share of $0.17, contrast to $0.16;
PGT, Inc. manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and a range of impact-resistant vinyl window and door products for the mid- to high-end of the replacement market, primarily for single and multi-family homes and low to mid-rise condominiums.
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