On Tuesday, Shares of Boston Scientific Corporation (NYSE:BSX), gained 0.23% to $17.13.
Boston Scientific Corporation, has closed on the formerly declared agreement with Endo International plc (ENDP) (ENL.TO) to purchase American Medical Systems’ (AMS) Men’s Health and Prostate Health businesses, for $1.6 billion in up-front cash and a potential additional $50 million milestone based on 2016 sales. The acquisition positions Boston Scientific as a leader in urology, providing physicians and healthcare systems a comprehensive portfolio of proven technologies.
The transaction comprises AMS’ leading products for treating urologic conditions, counting the minimally invasive GreenLight XPS and HPS Laser Therapy Systems for treating benign prostatic hyperplasia, the AMS 800 Urinary Control System for treating male incontinence and the AMS 700 Inflatable Penile Prosthesis for treating erectile dysfunction. These technologies complement the Boston Scientific leading urology portfolio for the treatment of kidney stones and pelvic floor disorders, enabling further innovation for the company across five common urologic diseases that account for 50 percent of all urologic surgical procedures. The AMS women’s health business is not part of the transaction.
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. The company operates in three segments: Cardiovascular, Rhythm Administration, and MedSurg.
Shares of Seagate Technology PLC (NASDAQ:STX), inclined 0.39% to $51.68, during its last trading session.
Seagate Technology plc, declared the availability of the 1200.2 Serial Attached SCSI (SAS) Solid State Drive (SSD). The Seagate 1200.2 SAS SSD is the first product to result from a planned alliance between Seagate and Micron Technology, Inc. (MU), declared in February 2015.
“Enterprise and cloud users face record growing storage demands challenging the performance of their IT systems to churn through mass amounts of data, while being restricted by opex/capex expenditure limits,” said Brett Pemble, vice president of flash products, Seagate cloud systems and electronics solutions. “As our partners and customers depend on Seagate flash technologies to meet these challenges, we are leveraging our partnership and innovation with Micron to exceed their expectations.”
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. The company provides hard disk drives, solid-state hybrid drives, and solid-state drives that are designed for enterprise servers and storage systems in mission critical and nearline applications; for client compute applications comprising desktop and mobile computing; and for client non-compute applications, such as digital video recorders, personal data backup systems, portable external storage systems, and digital media systems.
Finally, United Microelectronics Corp (ADR) (NYSE:UMC), ended its last trade with -0.56% loss, and closed at $1.78.
United Microelectronics Corp, declared its merged operating results for the second quarter of 2015.
Revenue was NT$38.01 billion, with gross margin at 22.9% and operating margin at 10.2%. Net income attributable to the stockholders of the parent was NT$4.60 billion, with earnings per ordinary share of NT$0.37.
Po-Wen Yen, CEO of UMC, said, “In the second quarter of 2015, our foundry business performed within expectations, posting NT$36.52 billion in revenues and gross margin of 25.1%. Wafer shipments reached an all-time high of 1.54 million 8-inch equivalent wafers, leading to an overall capacity utilization rate of 94%. Our 28nm shipments continued to enhance as 2Q15 contribution reached 11% of sales, primarily from the communication sector. The New Business segment recorded NT$1.83 billion in revenue, with a net loss of NT$170 million. Topcell Solar Inc. officially merged into Motech Industries Inc. on June 1, 2015, resulting in UMC owning about 9% of Motech equity shares. As such, we will no longer consolidate its operating performance into UMC’s financial statements.”
United Microelectronics Corporation provides semiconductor wafer foundry solutions. Its foundry solutions comprise silicon verification, libraries and IP, design verification, design for manufacturing, MM/RF foundry design kit and design support manual, and design flow reference, in addition to mask services, such as mask inspection, IP protection and data preparation, and tape-out status tracking.
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