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Friday 11 September 2015
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Pre-Market News Alert on: St. Jude Medical, (NYSE:STJ), Neonode, (NASDAQ:NEON), Videocon d2h American Depositary Shares (NASDAQ:VDTH), Albemarle (NYSE:ALB)

On Thursday, St. Jude Medical, Inc. (NYSE:STJ)’s shares declined -1.50% to $73.35.

St. Jude Medical, Inc. (STJ) declared CE Mark approval and the European launch of the St. Jude Medical Invisible Trial System, an app-based and wireless neuromodulation programming system leveraging Apple™ iPod touch™ and iPad mini™ technology. Like other Apple products, the new St. Jude Medical system relies on Bluetooth communication, providing a secure, safe, and wireless experience when patients trial spinal cord stimulation for the treatment of chronic pain prior to permanent implantation.

St. Jude Medical, Inc., together with its auxiliaries, develops, manufactures and distributes cardiovascular medical devices for cardiac rhythm administration, cardiovascular, and atrial fibrillation therapy areas worldwide. It operates in two divisions, Implantable Electronic Systems, and Cardiovascular and Ablation Technologies.

Videocon d2h Limited American Depositary Shares (NASDAQ:VDTH)’s shares gained 6.31% to $11.80.

Videocon d2h Limited American Depositary Shares (VDTH) declared its financial results for the fiscal year ended March 31, 2015. The Company administration, led by Saurabh Dhoot, Executive Chairman, will hold two conference calls to talk about the results on June 4, 2015. This is the Company’s first earnings release since the listing of its American Depositary Shares on the NASDAQ on April 1, 2015.

Key highlights for Fiscal 2015:

  • Revenue from operations grew 32.5% to INR 23.38 billion;
  • Subscription revenue grew 38.3% to INR 20.58 billion;
  • Adjusted EBITDA grew 55.3% to INR 6.09 billion (not taking into account one-off securities issue expenses and ESOP scheme impact of INR 135.17 million);
  • Adjusted EBITDA margin expanded by 390 basis points to 26.1% despite content cost enhances;
  • ARPU grew to INR 196 ahead of guidance, with Q4 ARPU at INR 202;
  • Market leader in gross and net adds at 2.64 million and 1.74 million subscribers, respectively;

Videocon d2h Limited provides Direct-To-Home services under the Videocon d2h brand in India. The company distributes various television channels, and video and audio services to subscribers. As of June 30, 2014, it had 11.21 million gross subscribers. Videocon d2h Limited provides its services through a network of distributors and direct dealers, and sub-dealers.

At the end of Thursday’s trade, Neonode, Inc (NASDAQ:NEON)‘s shares surged 3.12% to $3.97.

Neonode, Inc (NEON) declares that it has signed a development and license agreement with Samsung Electronics Co., Ltd. to incorporate zForce CORE technology into its printer applications.

Kasey Kim, the head of R&D Planning Group of Printing Solutions Business at Samsung Electronics stated that they believe that a good user interface is a key enabler of all successful products going forward. That’s why they launched the world’s first Android based printing ecosystem, ‘Smart UX Center. They continue to put a massive effort into customer-driven innovation and signing a license agreement with Neonode is one of the example of it. It will give them access to a touch technology that combines the best user experience with a leading cost and quality assurance for Samsung’s successful range of printers.

Neonode Inc., together with its auxiliaries, develops and licenses user interfaces and optical infrared touch technology solutions in the United States, Japan, China, Taiwan, South Korea, Italy, Sweden, and internationally. It licenses its multi-touch technology to original equipment manufacturers and original design manufacturers, who incorporate it into devices they produce and sell, counting laptop computers, all-in-one computers, stand-alone monitors, printer products, GPS devices, e-Readers, tablets, and touch panels for automobiles, household appliances, mobile phones, wearable electronics, games, and toys.

Albemarle Corporation (NYSE:ALB), ended its Thursday’s trading session with -0.29% loss, and closed at $61.27.

Albemarle Corporation (ALB) declared that Scott Tozier, senior vice president and chief financial officer, and Matt Juneau, senior vice president, Corporate Strategy & Investor Relations, will present at the Credit Suisse Basic Materials Conference on June 25, 2015 in Boston, Mass. The format will comprise entirely of one-on-one meetings.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. The company’s Performance Chemicals segment offers brominated flame retardants under the Saytex brand; mineral-based flame retardants under the Martinal and Magnifin brands; and elemental bromine, alkyl bromides, inorganic bromides, brominated powdered activated carbon, and bromine fine chemicals that are used in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, paper manufacturing, water purification, beef and poultry processing, and various other industrial applications.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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