On Friday, Shares of QUALCOMM, Inc (NASDAQ:QCOM), lost -4.22% to $57.61.
Siklu Inc., the global market leader in the millimeter-wave technology, declared that it has closed $18 million in Series-D funding to further accelerate the company’s already impressive growth and market leadership. The new investor in this round Sercomm Corporation (5388.TW), was joined by existing investors Argonaut Private Equity, Evergreen Venture Partners, DFJ Tamir Fishman Ventures, Qualcomm Ventures (QCOM), The Tamares Group and Amiti Ventures.
“Siklu approaches network connectivity in an entirely different way, packing cutting edge technology into mass market products. We believe in the company’s potential to be a bellwether of change for the future of wireless networks,” said James Wang, President and CEO, Sercomm. “The planned partnership we are building with Siklu will enable both our companies to enter new markets, which are predictable to grow exponentially”.
“As a founding investor in Siklu, we are extremely happy with the recent breakthroughs the company has achieved, with one major deal already signed, and a number of others in various stages of maturity. We believe Siklu will continue to craft and deliver customer value propositions in the high capacity wireless networking arena,” said Anil Khatod, Managing Director, Argonaut Private Equity. “Siklu solutions are already deployed across the globe, from the U.S. and Europe to emerging markets such as Eastern Europe, Russia, Latin America and Asia, to provide a wide range of connectivity solutions; from mobile, small cell and Wi-Fi backhaul, to video surveillance and fiber to the home connectivity,” added Mr. Khatod.
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 Ambarella Inc (NASDAQ:AMBA), declined -7.50% to $89.76, during its last trading session.
Ambarella Inc , declared that it will hold its Q2 FY 2016 conference call on Tuesday, Sept. 1, 2015 at 2:00 p.m. Pacific Time. The company will issue its earnings release after the market closes the same day.
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The companys system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
Finally, Tuesday Morning Corporation (NASDAQ:TUES), ended its last trade with -36.18% loss, and closed at $5.91.
Tuesday Morning Corporation, declared financial results for the fourth quarter and fiscal year ended June 30, 2015. Net sales for the fourth quarter raised 0.2% to $213.0 million, and comparable store sales raised 3.6%. Operating loss for the fourth quarter was $4.0 million, and diluted loss per share was $0.10, a 41% improvement over the same period in the preceding year.
Michael Rouleau, Chief Executive Officer, stated, “Our fourth quarter and Fiscal 2015 performance reflects clear progress in implementing the planned initiatives that will assist ensure sustained profitability and a revitalized company built for long-term success. These initiatives comprise, among others, successfully transitioning our merchandise strategy, improving our store portfolio, and commencing our Rebuilding Program.”
Mr. Rouleau continued, “Notable early returns from these efforts comprise a noteworthyyear-over-year improvement in earnings and a comparable same store sales enhance in the fourth quarter of 8.5%, not taking into account the impact of last year’s merchandise clearance efforts. Looking ahead, we expect Fiscal 2016 to be another important year as we accelerate critical investments in support of our Rebuilding Program. Key elements of this Program comprise relocating underperforming stores, opening a new distribution center, upgrading our systems, and enhancing our buying processes. Though an investment year, we expect to deliver continued comparable sales growth and, given these investments, very modest operating margin expansion in Fiscal 2016.”
Tuesday Morning Corporation operates as a retailer of upscale decorative home accessories, housewares, seasonal goods, and gifts in the United States. The company offers various products, such as home décor, furniture, bed and bath, kitchen, toys, crafts, pets, and seasonal goods. It also provides a range of branded merchandise, counting Peacock Alley, Sferra, Lenox, Waterford, and Hartmann.
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