On Friday, Walter Energy, Inc. (NYSE:WLT)’s shares declined -8.33% to $0.559.
Walter Energy, Inc. (WLT) said that it is working with its debtholders to establish a capital structure that will position the Company to weather a highly competitive and challenging market. In the context of these talk about, the Company has elected to exercise the 30-day grace period under its indenture agreements with holders of its 9.5% Senior Secured Notes due in 2019 and the 8.5% Senior Notes due in 2021 to extend the timeframe for making the cash interest payments due recently.
Walter Energy, Inc. produces and exports metallurgical coal for the steel industry. It operates through two segments, U.S. Operations, and Canadian and U.K. Operations. The company also extracts, processes, markets, and/or possesses mineral reserves of thermal coal and anthracite coal, in addition to produces metallurgical coke and coal bed methane gas.
Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO)’s shares dropped -8.30% to $30.40.
Silicon Motion Technology Corp. (ADR) (SIMO) declared that it has reached a definitive agreement to acquire Shannon Systems1, a leading supplier of enterprise-class PCIe SSD and storage array solutions to China’s internet and other industries.
Under the terms of the agreement, Silicon Motion will acquire Shannon for a total purchase price of $57.5 million, which comprises a combination of cash, equity and contingency payments. The transaction has been approved by the boards of directors of both companies, is subject to customary closing conditions, counting regulatory review and approval, and it is predictable to close by the end of July 2015.
Silicon Motion Technology Corporation, a fabless semiconductor company, designs, develops, and markets semiconductor solutions for mobile storage and mobile communications markets.
At the end of Friday’s trade, Semtech Corporation (NASDAQ:SMTC)‘s shares dipped -7.45% to $23.60.
Semtech Corporation (SMTC) declared the RClamp® 0552T, a high performance, low capacitance transient voltage suppression (TVS) array device. The RClamp0552T is offered as a three-pin device and protects high speed differential pairs common in interfaces such as USB 3.0, MHL and HDMI 1.4.
Built on Semtech’s highly differentiated process technology that achieves the industry’s lowest clamping voltages, the RClamp0552T delivers optimal transient protection and is housed in a small 1.0 x 0.6mm package with a nominal height of only 0.4mm. In addition, the leads are spaced at a pitch of 0.34mm, and the flow-through design of the package simplifies PCB layout by allowing the traces to run straight through the device. The combination of small size, low capacitance and high level ESD protection makes the RClamp0552T an ideal solution for protecting high speed differential lines in portable applications such as mobile phones, fitness bands and wearable devices.
Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor products. The company provides protection products comprising filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; power products, counting switching voltage regulators, combination switching and linear regulators, smart regulators, and charge pumps that control, alter, regulate, and condition the power within electronic systems; and discrete semiconductor products comprising of rectifiers, assemblies, and other products for use in industrial, military, medical, automotive, and aerospace applications, in addition to defense systems, counting satellite communications.
Unisys Corporation (NYSE:UIS), ended its Friday’s trading session with -7.35% loss, and closed at $21.82.
Unisys Corporation (UIS) stated a first-quarter 2015 net loss of $43.2 million, or 87 cents per diluted share, which comprised of $27.4 million of pension expense. In the first quarter of 2014, the company stated a net loss of $53.5 million, or $1.15 per diluted share, which comprised of $19.3 million of pension expense. Not taking into account pension expense in both periods, the non-GAAP diluted loss per share in the first quarter of 2015 was 32 cents contrast to 74 cents in the first quarter of 2014.
First-quarter 2015 revenue declined 5 percent to $721 million from $762 million in the year-ago quarter. First-quarter 2015 revenue grew 1 percent on a constant currency basis.
Unisys Corporation provides information technology services worldwide. The company operates through two segments, Services and Technology. The Services segment provides outsourcing, systems integration and consulting, infrastructure, and core maintenance services.
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