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Sunday 26 July 2015
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Latest Update

Pre-Market News Alert on: Intersil (NASDAQ:ISIL), M.D.C. Holdings, (NYSE:MDC), Rockwell Medical (NASDAQ:RMTI), Red Hat (NYSE:RHT)

On Wednesday, Intersil Corp (NASDAQ:ISIL)’s shares declined -1.37% to $11.49.

Intersil Corporation (ISIL), a leading provider of innovative power administration and precision analog solutions, will report second quarter financial results on Wednesday, July 29, 2015, after market close. An earnings conference call will be webcasted from the company’s website following the release at 1:30 p.m. Pacific Time. Necip Sayiner, Intersil’s president and chief executive officer, and Rick Crowley, chief financial officer, will provide details on the company’s financial performance, in addition to the company’s outlook for the third quarter of 2015.

Intersil Corporation designs and develops power administration and precision analog integrated circuits (ICs) for industrial and infrastructure, consumer, and computing markets. The company offers various power IC solutions for battery administration, processor power administration, and display power administration, counting power regulators, converters, and controllers, in addition to integrated power modules. It also provides precision analog components, such as amplifiers and buffers, proximity and light sensors, data converters, optoelectronics, video decoders, and interface products.

M.D.C. Holdings, Inc. (NYSE:MDC)’s shares gained 1.38% to $30.11.

M.D.C. Holdings, Inc. (MDC) declared that its board of directors has declared a quarterly cash dividend of twenty-five cents ($.25) per share on the Company’s common stock. The dividend will be paid on Wednesday, August 19, 2015 to shareowners of record on Wednesday, August 5, 2015.

M.D.C. Holdings, Inc., through its auxiliaries, engages in homebuilding and financial services businesses in the United States. Its homebuilding operations comprise purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name.

At the end of Wednesday’s trade, Rockwell Medical Inc (NASDAQ:RMTI)‘s shares surged 3.34% to $16.73.

LifeSci Capital, LLC, a research-driven investment bank with deep domain expertise in the life sciences sector, recently declared that it has initiated coverage of Rockwell Medical, Inc. (RMTI), an established commercial biopharmaceutical company offering innovative products and services for hemodialysis. The Company received FDA approval on January 26th for Triferic, the only treatment indicated to replace iron and maintain hemoglobin in hemodialysis patients. Triferic has the potential to transform iron administration in dialysis, and is especially well positioned in the bundled payment system. Rockwell has an established core business as a leading supplier of concentrate solutions for dialysis.

Iron deficiency is a common consequence of dialysis treatment. Delivered via dialysate, Triferic is specifically designed to replace the 5-7 mg of iron that dialysis patients lose during each session. Triferic binds to apo-transferrin upon entering the blood and is transported to the bone marrow without increasing ferritin, similar to how the body uses dietary iron. This stands in contrast to the IV iron products that are associated with severe safety problems, leaving an unmet need among dialysis patients for iron maintenance therapy. Triferic was approved in January with a strong safety profile, counting no anaphylaxis in more than 100,000 administrations. Triferic is predictable to create a new paradigm for managing anemia in hemodialysis patients. It has an active Q-code for reimbursement that became effective on July 1.

PROFILE

Red Hat Inc (NYSE:RHT), ended its Wednesday’s trading session with 1.43% gain, and closed at $79.41.

Red Hat, Inc. (RHT), the world’s leading provider of open source solutions, recently declared the general availability of Red Hat Enterprise Linux 6.7, the latest version of the stable, proven and predictable Red Hat Enterprise Linux 6 platform. As the basis for large, complex IT deployments, Red Hat Enterprise Linux 6.7 offers enterprise IT teams new capabilities to bolster system security, proactively identify and resolve business-critical IT issues, and confidently embrace some of the latest open source technologies, such as Linux containers, without sacrificing operational stability.

Red Hat, Inc. provides open source software solutions to enterprise customers worldwide. It develops and offers operating system, virtualization, middleware, storage, and cloud technologies. The company’s products comprise Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in physical, virtual, container, and cloud environments; Red Hat Enterprise Virtualization, which comprises standalone virtualization functionality and administration tools for server and desktop deployments; and Red Hat JBoss Middleware that offers middleware for developing, deploying, and managing applications, in addition to integrating applications, data and devices, and automating business processes.

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