The Nasdaq touched the psychologically important level of 5,000 on Monday as investors cheered U.S. economic data and an interest rate cut in China.
The Nasdaq Composite last touched 5,000 in March 2000, at the height of the tech bubble. The index has only closed above that level twice, once on March 9, 2000, and once on March 10, 2000.
Insights about some real gainers from technology segment, in the recent trading session are depicted underneath:
Dataram Corporation (NASDAQ:DRAM)’s shares skyrocketed 35.71% and is now trading at $3.23, as Dataram Corporation (NASDAQ:DRAM) formerly on February 9, declared that the company’s Chairman and interim Chief Executive Officer (CEO), David Moylan, attained $100,000 of restricted, unregistered shares of the Company’s ordinary stock. The shares were purchased in January for $2.00 per share, for an aggregate of $100,000. In addition to the shares, Mr. Moylan was granted five-year warrants for the purchase of up to 50,000 shares at $2.50 per share.
“I am a strong believer in the company and its future. My investment demonstrates my faith in and commitment to Dataram as a company,” said Mr. Moylan. “Dataram is dedicated to providing its customers with superior products and service, and we are focused on demonstrating our value to customers, shareholders, employees, partners, and suppliers alike. Our best days are yet to come and my stock purchase is symbolic of my personal dedication to Dataram’s profitability and future success.”
Dataram Corporation (NASDAQ:DRAM), is a worldwide leader in the manufacture of high-quality computer memory and software products. Our products and services deliver IT infrastructure optimization, dramatically raise application performance and deliver substantial cost savings to our customers. Dataram solutions are deployed in 70 of the Fortune 100 companies and in mission-critical government and defense applications around the world.
Shares of NXP Semiconductors NV (NASDAQ:NXPI), jumped nearly 16.70% and is now trading at $99.07, hitting new 52-week high of $99.33, soon after the news release that NXP Semiconductors N.V. (NXPI), declared the availability of its Secure Service Development Platform (SSDP) developed to facilitate the rapid introduction of applications that utilize NXP’s NFC and embedded Secure Element (eSE) module, PN66T. The SSDP provides a turnkey approach for the loader service on the PN66T enabling a faster time-to-market for secure mobile applications. Secure NFC applications can now be realized quickly and easily, reducing design effort and resources while maintaining quality levels predictable in a commercially accessible mobile or wearable device.
The SSDP is a set of hardware tools and software blocks that enable application developers to quickly start building apps that leverage the eSE in the PN66T. With the platform developers are able to test and validate their secure applications on a commercial phone. In addition to providing real-world phone solutions, the development platform also contains example industry use-cases from companies such as Hyatt, 7Eleven and TransportKiosk. The SSDP can be used to create many different applications ranging from secure banking, transit, access control, authentication, automotive, and much more.
“The SSDP supports partners wanting to create new secure applications by removing the technical challenges they face in getting credentials on to the secure element in phones and wearable devices. Now, instead of taking months, new applications can be created and validated in a matter of weeks,” said Jeff Miles, VP Business Development, NXP Semiconductors. “The SSDP will streamline the process for the development community therefore enabling phone and wearable technology manufacturers to bring these new apps to market faster.”
NXP Semiconductors NV (NASDAQ:NXPI), creates solutions that enable Secure Connections for a Smarter World. Building on its expertise in High Performance Mixed Signal electronics, NXP is driving innovation in the application areas Connected Car, Security, Portable & Wearable and Internet of Things. NXP has operations in more than 25 countries, and posted proceed of $5.65 billion in 2014.
Mavenir Systems Inc (NYSE:MVNR), surged 15.44% and is now trading at $16.82, soon after the news release that Mitel® (MITL), a global leader in business communications, and Mavenir Systems (MVNR), a leading provider of software-based networking solutions for mobile carriers, recently declared that they have reached a definitive merger contract in which Mitel will attain all of the outstanding shares of Mavenir ordinary stock in a cash and stock deal valued at about $560 million. Under the terms of the merger contract, Mitel will commence an exchange offer following which Mavenir stockholders will be entitled to elect to receive either all-cash or all-stock consideration for each share of Mavenir ordinary stock, subject to proration, in either case with a value of $11.08 plus 0.675 of a Mitel ordinary share, or $17.94 based on the closing price of a Mitel ordinary share on February 27, 2015.
The transition to LTE has hit an inflection point, with carriers around the world starting to transition to all-IP 4G mobile, unlocking the potential for more efficient delivery of high quality voice services, new rich communications services, and new proceed sources for mobile carriers. With the attainment of Mavenir, Mitel anticipates to expand its total addressable market by about $14B by 2018*, and be well positioned to capitalize on increasing demand for 4G LTE services, which is growing at about 52% annually (CAGR). *Source: DellOro, Infonetics, Markets&Markets.
“Mitel is a leader in enterprise and cloud communications, markets in which mobility is becoming increasingly influential. With wireless adoption of IP and 4G LTE and demand for next gen mobile services ramping quickly, we see a compelling opportunity to capitalize on a major market transition to add a high-growth mobile business to Mitel,” said Rich McBee, President and CEO of Mitel. “We believe the combination of Mitel and Mavenir creates a powerful new value proposition for enterprises and mobile service providers, using a ordinary IP technology layer as the foundation for convergence, growth and competitive differentiation.”
Mavenir Systems (MVNR) provides software-based mobile networking solutions that enable service providers to deliver next generation services over 4G LTE networks. Mavenir™ has a fully virtualized end to end portfolio of Voice/Video, Messaging and Mobile Core products that comprise IP Multimedia Subsystem (IMS), Evolved Packet Core (EPC) and Session Border Controller (SBC). Mavenir’s solutions, based on the award-winning mOne® software platform, leverage NFV and SDN technologies for mobile network deployments on cloud-based infrastructure.
Shares of the Freescale Semiconductor, Ltd. (NYSE:FSL), gained 11.98% & is now trading at $40.44, hitting new 52-week high of $40.45, soon after the news release that Freescale Semiconductor (FSL) introduced the groundbreaking S32V vision microprocessor – the first automotive vision system-on-chip (SoC) with the requisite reliability, safety and security measures to automate and ‘co-pilot’ a self-aware car. Leveraging a host of automotive-grade technologies, the S32V takes the industry beyond the current, convenience-centric “assist” paradigm and toward an era where cars can capture data, process it and actually share control with drivers in critical situations. This capability establishes the essential bridge from the current “assist” era toward the fully autonomous vehicles of tomorrow.
Part of Freescale’s SafeAssure functional safety program, the S32V microprocessor is structurally designed to comply with stringent ISO 26262 functional safety standards, and engineered for automotive-grade quality metrics measured in parts per billion. This reliability, together with the exceptional performance/power ratios of integrated second-generation CogniVue APEX Image Cognition Processing technology, additionally supports the fusion of vision data captured by the S32V device with multiple other data streams, counting radar, LiDAR and ultrasonic information to enable optimal resolution and image recognition accuracy.
Freescale Semiconductor, Ltd. (NYSE:FSL), enables secure, embedded processing solutions for the Internet of Tomorrow. Freescale’s solutions drive a more innovative and connected world, simplifying our lives and making us safer. While serving the world’s largest companies, Freescale is also committed to supporting science, technology, engineering and math (STEM) education, enabling the next generation of innovators.
