On Friday, Shares of QUALCOMM, Inc. (NASDAQ:QCOM), lost -0.19% to $61.91.
Qualcomm Incorporated declared that its partner, Qualcomm Atheros, Inc., has reached a definitive merger agreement to acquire Ikanos Communications, Inc. (IKAN), a high performance broadband networking semiconductor and software provider enabling both central office and home gateway solutions. Following the agreement, Qualcomm Atheros, through a wholly-owned partner, will commence a tender offer to acquire all of the issued and outstanding shares of common stock of Ikanos for $2.75 per share in cash, and assume all outstanding indebtedness at the closing of the transaction.
The acquisition is intended to expand Qualcomm Atheros’ footprint in the carrier fixed line segment with the addition of high performance broadband access and modem technologies critical to enhancing users’ connected experiences in the home. The home gateway extends Qualcomm Atheros’ leadership in carrier Wi-Fi and wired connectivity, while providing a central hub for Internet of Everything (IoE) enabled devices, services and 3G/LTE small cells.
Ikanos’ board of directors has unanimously approved the transaction and recommends the offer to Ikanos stockholders. The transaction is predictable to close before the end of this year and is subject to customary closing conditions, counting a minimum tender of a majority of outstanding shares of Ikanos and regulatory clearances in certain non-US jurisdictions.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Planned Initiatives (QSI).
Shares of CyrusOne Inc (NASDAQ:CONE), inclined 1.38% to $34.61, during its last trading session.
Global data center service provider CyrusOne, declared second quarter 2015 earnings.
Highlights
- Second quarter Normalized FFO of $33.4 million and AFFO of $36.5 million raised 30% and 44%, respectively, over the second quarter of 2014
- Second quarter Adjusted EBITDA of $47.1 million raised 15% over the second quarter of 2014
- Second quarter revenue of $89.1 million raised 9% over the second quarter of 2014
- Leased 48,000 colocation square feet totaling $13 million in annualized GAAP revenue, with utilization increasing to 90%, counting 98% at Northern Virginia facility brought online in the first quarter and 100% in Phoenix
- Added five Fortune 1000 companies as new customers, increasing the total number of Fortune 1000 customers to 151 as of the end of the quarter
- Subsequent to the end of the quarter, declared the closing of the acquisition of Cervalis
CyrusOne Inc., a real estate investment trust (REIT), owns, operates, and develops enterprise-class, carrier-neutral, and multi-tenant data center properties. The company provides mission-critical data center facilities that protect and ensure the continued operation of information technology infrastructure.
Finally, ServiceNow Inc (NYSE:NOW), ended its last trade with 1.23% gain, and closed at $76.63.
ServiceNow, declared the financial results for its second quarter 2015.
Second Quarter 2015 Results:
- Revenues of $246.7 million, an enhance of 48% year-over-year and 59% in constant currency.
- GAAP net loss of $61.9 million, or a loss of $0.40 per basic and diluted share, contrast to a GAAP net loss of $50.4 million, or a loss of $0.35 per basic and diluted share, in the second quarter of 2014.
- Non-GAAP net income of $7.3 million, or income of $0.05 per basic share and $0.04 per diluted share, contrast to a non-GAAP net loss of $9.4 million, or a loss of $0.07 per basic and diluted share, in the second quarter of 2014.
- Calculated billings were $281.4 million, increasing 50% year-over-year and 62% in constant currency.
- Added 21 net new Global 2000 customers bringing the total to 566.
ServiceNow, Inc. provides cloud-based solutions that define, structure, manage, and automate services to enterprise operations in North America, Europe, the Middle East, Africa, the Asia Pacific, and other countries.
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