On Friday, Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD), gained 0.75% to $10.71.
Brocade Communications will be showcasing New IP network infrastructure solutions that assist enterprises transition to a software-defined data center (SDDC) in Booth #1521, in addition to speaking in a variety of sessions, at VMworld 2015. The show is being held recently through September 3 at the Moscone Convention Center.
Supporting the “Brocade is Your New IP Partner for the SDDC” theme, booth demonstrations will comprise the Brocade Platform Experience, where visitors can navigate through several VMware-centric networking solutions to map their evolution to a more agile Third Platform IT environment. Another area will provide “deep-dive” tours of Brocade solutions integrating comprise VMware NSX, VMware vCloud Air and VMware vRealize. The company will also deliver interactive experiences with hyperconverged infrastructure and flash-based storage arrays from several Brocade OEM and alliance partners.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments. The SAN Products segment offers infrastructure products and solutions, such as fiber channel SAN backbones, directors, fabrics, and embedded switches that assist customers in the development and delivery of storage and server consolidation, disaster recovery and data security, and compliance issues regarding data management; and fabric extension, switching, and routing solutions.
Shares of Carnival Corp (NYSE:CCL), declined -0.48% to $49.50, during its last trading session.
Carnival Cruise Line – New Orleans’ number one cruise operator – continues to expand its presence at the port and anticipates to carry a record 400,000 passengers from the Crescent City this year. Additionally, the cruise line estimates that next year it will welcome its three millionth passenger at the Port of New Orleans since Hurricane Katrina hit in 2005.
Carnival pioneered year-round cruising from New Orleans in 1994 and over the past two-plus decades has become the port’s largest cruise operator with two ships offering more than 125 four- to seven-day departures on an annual basis.
Following Hurricane Katrina, the cruise line resumed service in New Orleans in October 2006 – just 14 months after the storm – with one year-round ship, Carnival Fantasy, carrying less than 16,000 passengers that year. The company gradually raised its capacity from the Big Easy deploying newer and larger ships and next year anticipates to carry a record 450,000 passengers from New Orleans.
Presently, Carnival’s two New Orleans-based ships comprise the 3,646-passenger Carnival Dream, offering seven-day Caribbean cruises, and the 2,052-passenger Carnival Elation sailing four- and five-day cruises to Mexico. Carnival will improvement capacity on short cruises from New Orleans by 34 percent when the 2,758-passenger Carnival Triumph replaces Carnival Elation next spring.
Carnival Corporation operates as a cruise company worldwide. It provides vacations to various cruise destinations. The company offers cruise services under the Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn brand names in North America; and AIDA Cruises, Costa Cruises, Cunard, and P&O Cruises names in Europe, Australia, and Asia.
At the end of Friday’s trade, Shares of TE Connectivity Ltd (NYSE:TEL), gained 2.01% to $59.24.
TE Connectivity declared that it has accomplished the formerly declared divestiture of its Broadband Network Solutions (BNS) business to CommScope (COMM) for $3.0 billion. TE continues to expect to use the majority of the proceeds from the sale for share repurchase, making the transaction neutral to adjusted earnings per share (EPS) in one year’s time.
“Our strategy is focused on strengthening our leadership position in connectivity and sensor solutions, with an emphasis on harsh environment applications,” said TE Connectivity Chairman and CEO Tom Lynch. “With the sale, 90 percent of our sales are derived from the attractive connectivity and sensor markets, and over 80 percent address harsh environments applications. These markets have strong underlying growth drivers as customers develop innovative products to meet the demands of a smarter, greener, safer and more connected world. We want to thank the BNS team for their leadership over the years, and wish them continued success as part of the CommScope team.”
TE Connectivity Ltd., together with its subsidiaries, designs and manufactures connectivity and sensors solutions. It operates through four segments: Transportation Solutions, Industrial Solutions, Network Solutions, and Consumer Solutions.
Finally, BorgWarner Inc. (NYSE:BWA), ended its last trade with 0.20% gain, and closed at $44.31.
Remy International, Inc. (REMY) declared that a special meeting of Remy stockholders has been planned in connection with BorgWarner Inc.’s (BWA) projected acquisition of Remy. The special meeting has been planned for Remy stockholders to, among other things, consider and vote upon a proposal to adopt the formerly declared merger agreement, dated as of July 12, 2015, reached among Remy, BorgWarner and a wholly owned partner of BorgWarner. Under the terms of the merger agreement, each share of common stock of Remy issued and outstanding right away preceding to the effective time of the merger (other than excluded shares and dissenting shares) will be converted into the right to receive $29.50 per share in cash, without interest and less any applicable withholding taxes.
The special meeting is presently planned to be held on Tuesday, September 22, 2015 at 10:00 a.m., local time, at Remy’s headquarters (600 Corporation Drive, Pendleton, Indiana 46064). Stockholders of record as of the close of business on August 14, 2015 will be entitled to notice of and to vote at (in person or by proxy) the special meeting and at any adjournment or postponement thereof.
BorgWarner Inc. manufactures and sells engineered automotive systems and components primarily for powertrain applications worldwide. The company’s Engine segment offers turbochargers, timing devices and chain products, emissions systems, thermal systems, and diesel coldstart and gasoline ignition technology.
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