On Wednesday, Garmin Ltd. (NASDAQ:GRMN)’s shares inclined 0.18% to $44.01.
Garmin Ltd. (GRMN) declared dēzlCam, its first all-in-one trucking navigator with a built-in dash cam that serves as an onboard eyewitness. Truckers can rely on firsthand video footage that continually records1 the drive and automatically saves video footage on impact. With a focus on features that matter most to truckers, the dēzlCam provides custom truck routing2 for the size and weight of a driver’s truck as well as route warnings for bridge heights, weight limits, sharp curves, steep grades and more.
Garmin Ltd., together with its auxiliaries, designs, develops, manufactures, and markets hand-held, wrist-based, and portable and fixed-mount global positioning system (GPS) enabled products; and other navigation, communication, and information products worldwide. It operates in five segments: Automotive/Mobile, Aviation, Marine, Outdoor, and Fitness. The Automotive/Mobile segment offers personal automotive navigation devices; and infotainment solutions, in addition to mobile applications under the Viago, StreetPilot, and NAVIGON brands.
SINA Corp (NASDAQ:SINA)’s shares dropped -3.22% to $51.84.
SINA Corp (SINA)’s shares have been on an uptrend since the company declared on Jun 1 that it has signed a contract to sell as many as 11 million newly issued shares to Charles Chao, the company’s CEO and Chairman. Since then, shares have gained 11.7% so far.
The shares will be priced at $41.49 each, the average closing trading price of the company’s shares for 30 trading days trailing the agreement on May 29. The total value of the deal comes to about $456 million.
According to the deal, CEO Chao has reached a six-month lockup restriction per which he will not able sell any of these shares for a period of 6 months. This further boosted investors’ confidence in the company.
Growth potential of the e-commerce, e-banking, online payment and online entertainment services markets in China over the long term is a positive for the company. SINA’s micro-blogging platform Weibo has also been gaining immense traction of late. However the company’s core business has been witnessing sluggishness for the past few quarters owing to the ongoing shift from PC to mobile.
SINA Corporation, through its subsidiaries, operates as an online media company in the People’s Republic of China. It operates SINA.com, an online brand advertising portal that provides region-focused format and content, including multimedia news; sporting events news; automobile-related news; business news coverage and personal finance columns; entertainment news and events; technology updates; interactive video products, such as news, sports, entertainment, and education; and education, digital, fashion, eLadies, luxury, health, collectibles, travel, and other interest-based channels.
At the end of Wednesday’s trade, xG Technology Inc (NASDAQ:XGTI)‘s shares dipped -1.46% to $0.276.
DirectView Holdings, Inc. (DIRV) (“DirectView” or the “Company”), a company focused on ownership and administration of leading video and security technology companies, recently declared the completion of successful initial testing of its body-worn camera integrated with the xMax private mobile broadband technology developed by xG Technology, Inc. (“xG”) (XGTI) (XGTIW), a developer of wireless communications and spectrum sharing technologies.
DirectView and xG conducted initial integration and testing of the new DirectView body-worn camera units at xG’s central engineering facility in Sunrise, FL. Initial test results showed that DirectView’s camera hardware was easily recognized by the xMax system, and that video transmissions were seamlessly supported over the xMax network. Both companies intend to expand the beta phase of testing to comprise field testing of the merged DirectView/iMax solution with law enforcement and other security related agencies in the coming months in preparation for a full product launch later this year.
xG Technology, Inc. develops communications technologies for wireless networks worldwide. The company’s intellectual property is embedded in proprietary software algorithms designed to offer cognitive interference mitigation and spectrum access solutions to organizations in a various industries, counting national defense and rural broadband.
NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), ended its Wednesday’s trading session with -0.20% loss, and closed at $48.71.
Nasdaq (NDAQ) and the Australian Securities Exchange (ASX) declared that Nasdaq has been selected to deliver ASX’s next generation post-trade risk administration solution. Sentinel Risk Manager will provide a single, real-time risk administration system across both ASX clearing houses and all asset classes, counting real-time margin calculation and related customer risk analytics. The new risk system will be implemented in five phases over the next two years.
The NASDAQ OMX Group, Inc. provides trading, clearing, exchange technology, regulatory, securities listing, information, and public company services worldwide. It operates in four segments: Market Services, Listing Services, Information Services, and Technology Solutions. The Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income, currency, and commodities trading and clearing; and access and broker services. This segment operates various exchanges and other marketplace facilities across various asset classes, counting derivatives, commodities, cash equity, debt, structured products, and ETFs; and provides clearing, settlement, and central depository services, in addition to offers transaction-based platforms. The Listing Services segment operates various listing platforms, which offers capital raising solutions for private and public companies.
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