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Thursday 30 July 2015
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Friday’s Trade News Review: NetApp(NASDAQ:NTAP), Michael Kors Holdings (NYSE:KORS), Stryker (NYSE:SYK), Tesla Motors (NASDAQ:TSLA)

On Friday, NetApp Inc. (NASDAQ:NTAP)’s shares declined -0.96% to $31.10.

NetApp ( NTAP) experts will share the latest innovations in flash and enterprise application integration technology at the Flash Memory Summit 2015, August 11-13, at the Santa Clara Convention Center, Santa Clara, CA.

The NetApp team will deliver perspectives on flash trends and industry issues at six summit speaking sessions. In booth 511, attendees can learn more about NetApp’s unique ability to assist customers manage enterprise data from flash to disk cloud and the company’s newest all-flash offering, the NetApp® AFF8000 series.

NetApp, Inc. provides software, systems, and services to manage and store computer data worldwide. It offers Data ONTAP storage operating system that delivers integrated data protection, comprehensive data administration, and built-in software for virtualized, shared infrastructures, cloud computing, and mixed workload business applications; E-Series storage systems for storage area network workloads (SAN); all-flash arrays that deliver input/output operations per second and ultralow latency to drive speed, responsiveness, and value from the applications that control key business operations; and hybrid arrays for mainstream business applications.

Michael Kors Holdings Ltd (NYSE:KORS)’s shares dropped -1.21% to $39.33.

Michael Kors Holdings Limited (KORS) declared that it plans to report its first quarter fiscal 2016 financial results on Thursday, August 6, 2015, before the market opens. The Company also plans to hold a conference call to talk about its financial results the same day at 8:00 a.m. ET.

Michael Kors Holdings Limited engages in the design, marketing, distribution, and retailing of branded women’s apparel and accessories, and men’s apparel. The company operates in three segments: Retail, Wholesale, and Licensing. The Retail segment is involved in the sale of women’s apparel; accessories, which comprise handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances and beauty, and eyewear.

At the end of Friday’s trade, Stryker Corporation (NYSE:SYK)‘s shares surged 2.81% to $100.97.

Stryker Corporation (SYK) declared a definitive agreement to acquire Muka Metal, A.S. (“Muka”) in an all cash transaction. Muka, headquartered in Kayseri, Turkey, sells hospital beds, stretchers and related patient room furniture and accessories that serve markets across Turkey and other regions globally.

The closing of the transaction is subject to customary closing conditions. Upon closing, the transaction is predictable to be neutral to Stryker`s 2015 earnings per share not taking into account acquisition, integration-related and intangible amortization charges and accretive thereafter. The transaction is predictable to close in the third quarter of 2015.

Stryker Corporation, together with its auxiliaries, operates as a medical technology company. The company operates through three segments: Orthopaedics, MedSurg, and Neurotechnology and Spine. The Orthopaedics segment offers implants used in hip and knee joint replacements, and trauma and extremities surgeries. The MedSurg segment provides surgical equipment and surgical navigation systems, endoscopic and communications systems, patient handling and emergency medical equipment, and reprocessed and remanufactured medical devices, in addition to other medical device products for use in various medical specialties.

Tesla Motors Inc (NASDAQ:TSLA), ended its Friday’s trading session with -0.67% loss, and closed at $265.41.

Tesla Motors (TSLA) declared 11,507 Model S deliveries for Q2 2015. This was a new company record for the most cars delivered in a quarter and represents an approximate 52% enhance over Q2 last year.

There may be small changes to this delivery count (usually well under 1%), as Tesla only counts a delivery if it is transferred to the end customer and all paperwork is correct.

Also, this is only one measure of our financial performance and should not be relied on as an indicator of our quarterly financial results, which depend on a variety of factors, counting the cost of sales, foreign exchange movements and mix of directly leased vehicles.

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally. It also provides development services to develop electric vehicle powertrain components and systems for other automotive manufacturers.

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