On Monday, Shares of Intel Corporation (NASDAQ:INTC), gained 2.63% to $29.64.
Intel Corporation declared it will invest $5 million over the next five years to deepen its engineering pipeline partnership with the Georgia Institute of Technology and deploy research-driven solutions to inspire and retain women and underrepresented minorities to start and complete computer science and engineering degrees.
The Intel and Georgia Tech program, declared in conjunction with the first-ever White House Demo Day, builds on Intel’s ongoing commitment to improve diversity in the technology industry. Earlier this year, Intel declared a new aim in diversity and inclusion: to achieve full representation of underrepresented minorities and women by the year 2020 in its U.S. workforce, together with a $300 million Diversity in Technology initiative to assist build a pipeline of underrepresented engineers and computer scientists, to foster hiring and inclusion of women and underrepresented minorities at Intel, and to fund programs to support a more positive representation of women and underrepresented minorities in technology and gaming.
The program will support and expand several existing Georgia Tech initiatives, counting:
- Summer Engineering Institute: The three-week Summer Engineering Institute hosts rising 11th- and 12th-graders from around the country. Students learn basic engineering and computer science techniques and gain hands-on experience through working in teams to solve real-world engineering problems.
- RISE: Retaining Inspirational Scholars in Technology and Engineering (RISE) provides financial support to talented underrepresented minority and non-traditional students. Intel’s existing Diversity Scholars program will provide scholarships with precedingity going to those whose majors align with Intel’s interests: electrical engineering, computer science and computer engineering.
- Peer-2-Peer Mentoring: The mentoring program provides specialized guidance and support to undergraduate students majoring in science, technology, engineering and math (STEM), while also assisting them adjust to the climate and culture at Georgia Tech. Mentors and mentees develop leadership, communication and networking skills.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments.
Shares of Iconix Brand Group, Inc. (NASDAQ:ICON), declined -2.35% to $14.57, during its last trading session, hitting its lowest level.
Iconix Brand Group stated its financial results for the second quarter and six months ended June 30, 2015 and revealed an ongoing periodic review of the Company’s Form 10-K for the year ended December 31, 2014 with the Staff of the Securities and Exchange Commission.
Results for the Second Quarter Ended June 30, 2015
Licensing revenue for the second quarter of 2015 was about $98.5 million, a 1% enhance as contrast to about $97.5 million in the second quarter of 2014. Total licensing revenue was negatively affected by about $3.7 million due to foreign exchange rates. Not taking into account the effect of foreign exchange rates, licensing revenue raised 5%.
There was no “Other revenue” in the second quarter of 2015, as contrast to about $21.4 million of Other revenue recorded in the second quarter of 2014 related to the sale of the Sharper Image e-commerce business and a transaction related to our Southeast Asia joint venture.
Free cash flow attributable to Iconix for the second quarter of 2015 was about $75.4 million, a 117% enhance as contrast to the preceding year quarter of about $34.7 million. Free cash flow for the second quarter of 2015 comprises a $15.5 million tax refund of which there was no comparable refund in the preceding year quarter and additionally benefited from the timing of about $11.4 million of tax withholding payments that will be paid in the third quarter. Not taking into account these items, free cash flow raised $13.8 million or 40% from the preceding year quarter.
Iconix Brand Group, Inc., a brand administration company, owns, licenses, and markets a portfolio of consumer brands across women’s, men’s, entertainment, and home primarily in the United States and internationally.
Finally, Exelixis, Inc. (NASDAQ:EXEL), ended its last trade with 1.36% gain, and closed at $5.98.
Exelixis declared that its second quarter 2015 financial results will be released on Tuesday, August 11, 2015 after the markets close.
Exelixis, Inc., a biopharmaceutical company, develops and sells small molecule therapies for the treatment of cancer in the United States. The company offers COMETRIQ, an inhibitor of multiple receptor tyrosine kinases for the treatment of patients with progressive, metastatic medullary thyroid cancer.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
