On Friday, Shares of Oracle Corporation (NYSE:ORCL), gained 0.82% to $37.92.
Oracle Corporation — The ultimate aim of network function virtualization (NFV) is to support a communications world that operates with a more cost-effective and agile infrastructure. To assist communications service providers (CSPs) realize this aim, Oracle Communications released the newly updated Oracle Communications Application Orchestrator, making it easy to deploy and manage network functions in a hybrid environment that is as open as possible.
Since first releasing Oracle Communications Application Orchestrator in June 2014, Oracle has released several new products to assist CSPs accelerate their journey to NFV, counting: Oracle Communications Network Service Orchestration and Oracle Communications Evolved Communications Application Server. Additionally, Oracle has continued to evolve its product portfolio, releasing new versions designed for use in NFV deployments counting Oracle Communications Session Border Controller, Oracle Communications Converged Application Server, Oracle Communications Core Session Manager, Oracle Communications Services Gatekeeper, and Oracle Communications Policy Administration.
“As CSPs adopt SDN and NFV-based networks, their administration systems will have to change, too,” said Caroline Chappell, principal analyst, NFV & Cloud, Heavy Reading. “CSPs want a common network function manager to ease this transition by managing the lifecycle of any network function, regardless of vendor, or whether the function is physically or virtually implemented. Such a capability can assist CSPs automate network function configuration and administration, reducing the manual and error-prone processes that are presently typical.”
“Cost-cutting alone isn’t enough to realize the potential of NFV; CSPs must gain agility in how they operate. And we believe that the path to doing so is paved with interoperability, creating a truly open network infrastructure,” said Doug Suriano, senior vice president and general manager, Oracle Communications. “The new release of Oracle Communications Application Orchestrator aims to advance this kind of openness by enabling CSPs to rapidly and cost-effectively define new functions, physical or virtual, via third parties.”
Oracle Communications will be at the NFV Everywhere Americas event, September 16 and 17 in Dallas, Texas, discussing best practices for implementing and capitalizing on NFV, counting the role of Oracle Communications Application Orchestrator.
Oracle Corporation develops, manufactures, markets, sells, hosts, and supports database and middleware software, application software, cloud infrastructure, hardware systems, and related services worldwide.
Shares of Zumiez, Inc. (NASDAQ:ZUMZ), declined -32.46% to $14.63, during its last trading session, hitting its lowest level.
Zumiez declared that administration will present at the Inaugural B. Riley & Co. Consumer Conference in New York, NY on Wednesday, September 16, 2015 at 2:00 pm Eastern Time.
Zumiez Inc. operates as a multi-channel specialty retailer of apparel, footwear, accessories and hardgoods. The company’s stores focuses on the skateboarding, snowboarding, surfing, motocross, and bicycle motocross for young men and women.
Finally, Motorola Solutions, Inc. (NYSE:MSI), ended its last trade with -2.43% loss, and closed at $67.08.
Motorola Solutions, declared the final results of its modified “Dutch Auction” tender offer, which expired at midnight, Eastern Daylight time, at the end of the day on Thursday, Sept. 3, 2015.
Based on the final count by the depositary for the tender offer, Motorola Solutions accepted for payment an aggregate of 30,075,146 shares at a purchase price of $66.50 per share. Because the number of shares tendered at or below the $66.50 purchase price (or by shareholders electing to tender at the ultimate purchase price determined under the tender offer terms) exceeded the amount that Motorola Solutions offered to purchase, the resulting proration factor, after giving effect to the priority for “odd lots,” was about 95 percent. The depositary will promptly pay for all the shares accepted for purchase and will return all other shares tendered.
The tender offer was made following Motorola Solutions’ Offer to Purchase dated Aug. 7, 2015, and the related Letter of Transmittal, in which the company offered to purchase up to $2 billion of shares of its common stock at a price per share not less than $61.00 and not greater than $66.50, which documents were filed with the Securities and Exchange Commission on Aug. 7, 2015.
Motorola Solutions may purchase additional shares in the future in the open market subject to market conditions and private transactions, tender offers or otherwise. Under applicable securities laws, however, Motorola Solutions may not repurchase any shares until Sept. 21, 2015. Whether Motorola Solutions makes additional repurchases in the future will depend on many factors, counting but not limited to its business and financial performance, the business and market conditions at the time, counting the price of the shares, and other factors Motorola Solutions considers relevant.
Goldman, Sachs & Co. and J.P. Morgan are the dealer managers for the tender offer and Alliance Advisors LLC is the information agent. The depositary is Wells Fargo Bank, N.A. Wachtell, Lipton, Rosen & Katz is Motorola Solutions’ legal counsel for the tender offer.
Motorola Solutions, Inc. provides mission-critical communication infrastructure, devices, software, and services in North America, Latin America, the Asia Pacific, the Middle East, Europe, and Africa. The company operates in two segments, Products and Services.
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