On Tuesday, Shares of Applied Optoelectronics Inc (NASDAQ:AAOI), lost -4.56% to $19.67.
Applied Optoelectronics, Inc. (AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable TV broadband, and fiber-to-the-home markets, declared that Stefan Murry, CFO and CSO, will take part in two investor conferences in the month of September.
Event: ROTH Datacenter Corporate Access Day
Location: San Francisco, Calif.
Date: Wednesday, September 9, 2015
Event: Craig-Hallum Alpha Select Conference
Location: New York, NY
Date: Thursday, September 17, 2015
Presentation Time: 11:20 a.m. Eastern time / 10:20 a.m. Central time
Applied Optoelectronics, Inc. designs and manufactures optical communications products for Internet data center, cable television (CATV), and fiber-to-the-home markets. It offers optical modules, optical transceivers, lasers, transmitters, and turn-key equipment, in addition to headend, node, and distribution equipment.
Shares of Nokia Corporation (ADR) (NYSE:NOK), declined -2.08% to $6.11, during its last trading session.
Nokia and China Huaxin Post & Telecommunication Economy Development Center (“China Huaxin”) have signed a memorandum of understanding (“MoU”) confirming their intention to combine Nokia’s telecommunications infrastructure businesses in China (“Nokia China”) and Alcatel-Lucent Shanghai Bell (“ASB”) into a new joint venture. As agreed under the MoU, Nokia anticipates to hold 50% plus one share in the new joint venture, with China Huaxin holding the remaining shares. Fair value compensation would be received for the contribution of relevant assets to the joint venture.
The new joint venture is conditional on and would be formed after the closing of Nokia’s planned combination with Alcatel-Lucent, at which point Nokia would own 50% plus one share of ASB. The new joint venture is predictable to be a strong national asset based in China capable of delivering value for both parties. Nokia China and ASB are leaders in the Chinese telecommunications infrastructure market and both are long-standing contributors to the development of China and innovation in the country.
The new joint venture is planned to operate under the English name of Nokia Shanghai Bell and would be registered in the China (Shanghai) Pilot Free Trade Zone. The new joint venture would have one board of directors, one administration team, unified customer and business functions, and one integrated product portfolio and R&D platform.
Yuan Xin, Chairman, China Huaxin, said: “We are happy to have signed this agreement with Nokia, and firmly believe the projected combination would reinforce our companies’ presence in China. By bringing these two entities together, the new company would possess greater capacity for innovation and outstanding R&D capabilities, delivering benefits to our customers and shareholders alike.”
As agreed in the MoU, Nokia and China Huaxin will negotiate the final terms of how the new joint venture would be created. A deadlock mechanism exists within the MoU to ensure final agreement is reached between Nokia and China Huaxin regarding the terms of transfer and valuation of all relevant assets. This mechanism would deliver a resolution if definitive agreement has not been reached within nine months after completion of Nokia’s projected combination with Alcatel-Lucent.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally.
Finally, E I Du Pont De Nemours And Co (NYSE:DD), ended its last trade with -2.80% loss, and closed at $50.06.
DuPont declared that it has named John L. Chrosniak, President, DuPont Sustainable Solutions effective Sept. 1, succeeding James R. (Jim) Weigand, who has been designated Chairman & CEO of the DuPont Teijin Films joint venture.
Chrosniak will report to Marc Doyle, senior vice president, DuPont Safety & Protection, while Weigand will report to Patrick E. Lindner, president, DuPont Performance Polymers.
“We thank Jim for his many years of leadership expanding the Sustainable Solutions business at DuPont,” said Doyle. “John brings global business experience with a proven record of success in setting strategy and direction and creating top line growth, and will make an outstanding leader at an important time for Sustainable Solutions.”
Lindner said, “Jim’s deep global leadership experience and incredibly diverse business knowledge will assist strengthen the Teijin Films joint venture worldwide.”
Weigand joined DuPont in 1981 and has served in several leadership positions in corporate finance and planning. In 2003, Weigand was named global business director for Advanced Fibers Systems, where he had global business leadership responsibilities for products under the DuPont™ Kevlar® and Nomex® brands sold into a variety of markets counting military, government, automotive, aerospace and oil and gas. In September 2007 he was named vice president and general manager of DuPont Safety Resources. In October 2009, he was designated president of DuPont Safety Resources, which is now part of DuPont Sustainable Solutions, an integrated business that also comprises segments of DuPont Clean Technologies and Coastal Training Technologies.
E.I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides.
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