On Wednesday, Extreme Networks, Inc (NASDAQ:EXTR)’s shares declined -3.35% to $2.60.
Extreme Networks, Inc. (EXTR) declared its secure, role-based policy administration technology is now accessible for the newly launched Summit® X450-G2 family of fixed switches and some other select formerly released Summit switches. This marks the integration of proven policy and security administration technology into the ExtremeXOS® operating system, allowing customers the flexibility to define and manage end-to-end policy in mixed Extreme Networks’ wired and wireless environments, counting those with IdentiFi™ Access Points, the A, B, C, K and S-Series switches and the Summit line of switches.
Extreme Networks is committed to solving IT’s toughest networking challenges through intelligent software. The addition of role-based policy capabilities in the operating system establishes a secure, end-to-end framework where every user, counting guests, employees and executive administration, has their own predetermined set of rules for accessing the network. Policies are defined and centrally managed by Extreme Networks’ NetSight™, a single pane-of-glass administration system that automatically pushes policies to Extreme Networks’ access points and switches in the network, significantly simplifying the task of managing a secure network and enhancing operational efficiency.
Extreme Networks, Inc., together with its auxiliaries, provides wired and wireless network infrastructure equipment, software, and services for enterprises, data centers, and service providers. The company offers Black Diamond products, which deliver modular or chassis-based Ethernet connectivity solutions that have a range of administration and line cards allowing customers to configure and re-purpose the systems; and Summit product family of stackable Ethernet switching systems, which provide a range of connection speeds, various physical presentations, and options to deliver PoE or unpowered standard Ethernet ports. It also provides IdentiFi family of wireless access points that offer both indoor and outdoor 802.11a/b/g/n/ac access points; NetSight administration software system, which manages and automates the network through a single interface; and network access control (NAC) and MobileIAM products that provide pre-connect and post-connect network access control solutions for wired and wireless LAN and VPN users.
Marriott International Inc(NASDAQ:MAR)’s shares gained 0.81% to $74.99.
Marriott International Inc (MAR) the world’s favorite travel company, and Universal Music Group (UMG), the global music leader, have created a first-of-its-kind global marketing partnership that will comprise exclusive performances by established and emerging recording artists, branded video series, social content, music downloads, ticket offers and more. The partnership joins Marriott International’s 19 brands, counting The Ritz-Carlton, EDITION, JW Marriott, Renaissance and Marriott Hotels, with illustrious UMG music labels such as Capitol Music Group, Def Jam Recordings, Interscope Geffen A&M, Island Records, Republic Records and UMG Nashville.
Marriott and UMG are setting out to engage a new generation of experience-seekers, travelers and music fans to deliver unique #WithTheBand experiences. Starting this summer, the partnership will premiere live performances for hotel guests at select properties across Marriott International’s portfolio of brands around the globe. On June 30, 2015, the St. Pancras Renaissance London Hotel will feature a live performance by pop sensation and ‘The Voice Australia’ judge, Jessie J, kicking off a series of exclusive, on-property performances on five different continents.
Marriott International, Inc. operates, franchises, and licenses hotels and timeshare properties worldwide. It operates through three segments: North American Full-Service, North American Limited-Service, and International. The company also licenses the development, operation, marketing, sale, and administration of vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Destination Club, and The Ritz-Carlton Residences brands to the Marriott Vacations Worldwide Corporation.
At the end of Wednesday’s trade, Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP)‘s shares dipped -2.24% to $70.99.
Ctrip.com International Ltd. (CTRP) declared the completion of US$700 million in aggregate principal amount of convertible senior notes due 2020 (the “2020 notes”) and US$400 million in aggregate principal amount of convertible senior notes due 2025 (the “2025 notes” and, together with the 2020 notes, the “notes”). The notes were offered to qualified institutional buyers following Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), and certain non-U.S. persons in compliance with Regulation S under the Securities Act. The Company has granted the initial purchaser a 30-day option to purchase up to an additional US$105 million principal amount of the 2020 notes and an additional US$60 million principal amount of the 2025 notes solely to cover over-allotments, if any. The 2020 notes will be convertible into Ctrip’s American depositary shares (“ADSs”), each representing as of the date of this press release 0.25 of an ordinary share of Ctrip, at the option of the holders, based on an initial conversion rate of 9.1942 of the Company’s ADSs per $1,000 principal amount of notes (which is equivalent to an initial conversion price of about US$108.76 per ADS and represents an about 45.0% conversion premium over the closing trading price of the Company’s ADSs on June 18, 2015, which was US$75.01 per ADS). The 2025 notes will be convertible into Ctrip’s ADSs, at the option of the holders, based on an initial conversion rate of 9.3555 of the Company’s ADSs per $1,000 principal amount of notes (which is equivalent to an initial conversion price of about US$106.89 per ADS and represents an about 42.5% conversion premium over the closing trading price of the Company’s ADSs on June 18, 2015 of US$75.01 per ADS). The conversion rate for each of the 2020 notes and the 2025 notes is subject to adjustment upon the occurrence of certain events.
Ctrip.com International, Ltd., together with its auxiliaries, provides travel services for hotel accommodations, transportation ticketing services, packaged tours, and corporate travel administration in the People’s Republic of China. It also offers independent leisure travelers bundled packaged-tour products, counting group tours, semi-group tours, and private tours or packaged tours with various transportation arrangements, such as cruise, bus, or self-driving.
Lam Research Corporation(NASDAQ:LRCX), ended its Wednesday’s trading session with 1.13% gain, and closed at $82.27.
Lam Research Corporation (LRCX) declared it will host an investor and analyst meeting in San Francisco on Tuesday, July 14, 2015, from 9:00 a.m. to 11:00 a.m. Pacific Time at the Park Central Hotel (formerly known as the Westin San Francisco Market Street). The meeting, which coincides with SEMICON® West 2015, will serve as a general update for investors and analysts on Lam’s strategy and operations. A live webcast and replay of the meeting will be accessible to the public on the Investors section of the company’s website.
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits. The company provides thin film deposition products, counting SABRE Product Family for copper damascene manufacturing; ALTUS systems deposit conformal atomic layer films for tungsten metallization applications; VECTOR family of plasma-improved chemical vapor deposition systems for the deposition of ashable hardmasks, oxides, nitrides, carbides, and anti-reflective layers; SPEED high-density plasma-chemical vapor deposition products for applications in STI, pre-metal dielectrics, inter-layer dielectrics, inter-metal dielectrics, and passivation layers; and SOLA ultraviolet thermal processing product family for the treatment of back-end-of-line low-k dielectric films and front-end-of-line silicon nitride strained films.
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