On Friday, Xilinx, Inc. (NASDAQ:XLNX)’s shares inclined 0.22% to $41.94.
Xilinx, Inc. (XLNX) declared its partnership with China Mobile Research Institute (CMRI) for the development of the next generation fronthaul interface (NGFI) in an MOU signing ceremony during the China Mobile Research Institute hosted NGFI Workshop. With the advent of 5G wideband multi-antenna systems, Xilinx and CMRI are working together to research the key technologies and components of a new fronthaul interface for wireless networks, in conjunction with emerging technologies such as C-RAN, large-scale-antenna-system, and 3D MIMO.
In current wireless systems, the bandwidth of CPRI has raised rapidly and requires more and more fiber cables to be laid by the operators. This is costly and very challenging for the centralized baseband architecture, which is the trend for future wireless networks. The fronthaul link, between the baseband and radio units, is a critical subsystem for improvement. Xilinx All Programmable devices and design environments will serve as an important enabler for this interface and future wireless systems.
Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP), which comprises of Xilinx and various third-party verification and IP cores.
Frontline Ltd. (NYSE:FRO)’s shares gained 3.43% to $2.41.
Frontline Ltd. (FRO) and Frontline 2012 Ltd. (FRNT) (“Frontline 2012″) have recently reached a contract and plan of merger, following which the two companies have agreed to enter into a merger transaction, with Frontline as the surviving legal entity (“the “Surviving Company”) and Frontline 2012 as a wholly-owned partner. Subsequent to the merger, this partner is predictable to merge into the Surviving Company (together, the “Combined Company”) which will retain the Frontline Ltd. name.
Commenting on the transaction, Chairman of Frontline Ltd. and Frontline 2012 Ltd., John Fredriksen stated: “By merging Frontline and Frontline 2012 we will regain Frontline’s position as a leading tanker Company. The Combined Company will have a large fleet and a strong balance sheet which puts us in a position to gain further market share through acquisitions and consolidation opportunities. With the current strong tanker market and attractive cash break even rates, we believe the Combined Company will generate noteworthyfree cash. The intention is to pay out excess cash as dividends at the Board’s discretion. I am very happy with this merger and I am determined to develop and grow the Company further.”
Frontline Ltd., a shipping company, through its auxiliaries, owns and operates oil tankers and oil/bulk/ore carriers. The company provides seaborne transportation of crude oil and oil products. It’s very large crude carriers (VLCCs) primarily transport crude oil from the Middle East Gulf to the Far East, Northern Europe, the Caribbean, and the Louisiana Offshore Oil Port, in addition to Suezmax tankers trade in the Atlantic Basin, the Middle East, and Southeast Asia. As of December 31, 2014, the company’s tanker fleet comprised of 22 vessels, counting 14 VLCCs and 8 Suezmax tankers. It is also involved in the charter, purchase, and sale of vessels.
At the end of Friday’s trade, Honeywell International Inc. (NYSE:HON)‘s shares surged 1.25% to $102.44.
Honeywell’s (HON) declared its support of the U.S. Environmental Protection Agency decision to restrict the use of high-global-warming hydrofluorocarbons (HFCs) in a variety of applications counting refrigerants, aerosols and foam insulation blowing agents. These actions will drive adoption of materials with radically lower global warming potentials.
According to the EPA, the projected rule would eliminate an estimated 54 to 64 million metric tons of carbon dioxide equivalent from the atmosphere in 2025. This is the equivalent of removing the carbon dioxide emissions from the annual electricity use of more than 5.8 million homes.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment provides aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers and operators, airlines, military services, and defense and space contractors; and spare parts, and repair and maintenance services for the aftermarket.
Alaska Air Group, Inc. (NYSE:ALK), ended its Friday’s trading session with 6.12% gain, and closed at $70.61.
SkyWest Airlines declared that they will purchase eight new, dual-class Embraer E175 jets to fly for Alaska Airlines. The new planes, to be delivered in 2016, will replace eight older regional jets SkyWest presently flies for the Seattle-based carrier.
The declarement comes the same month SkyWest takes ownership of the first of seven E175s purchased last fall to be flown for Alaska under a capacity purchase agreement (CPA). The regional carrier will start flying the planes for Alaska on July 1 with the start of new service from Seattle to both Milwaukee and Oklahoma City, and between Portland, Oregon and St. Louis.
Alaska Air Group, Inc., through its auxiliaries, provides passengers and cargo air transportation services primarily in the United States. The company operates through Alaska Mainline and Alaska Regional segments. It serves about 100 cities in Alaska, the Lower 48, Hawaii, Canada, and Mexico. As of December 31, 2014, the company’s fleet comprised of 137 Boeing 737 jet aircraft; and 51 Bombardier Q400 turboprop aircraft. The company was founded in 1932 and is based in Seattle, Washington.
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