On Friday, Shares of BlackBerry Limited (NASDAQ:BBRY), lost -2.41% to $7.28.
BlackBerry Limited said on Friday it will buy rival mobile software provider Good Technology Corp (GDTC.O) for $425 million, to boost its ability to assist corporate clients manage smartphones running on different operating systems, according to Reuters.
The cash deal may assist BlackBerry, a one-time smartphone pioneer, win new customers for its services business, a priority as it shifts focus to device administration software for enterprise customers. More than half the devices running on Good’s systems are Apple Inc (AAPL.O) products such as the iPhone. Reuters Reports
BlackBerry said it anticipates to realize about $160 million in revenue from the acquisition in the first year after the deal closes, predictable by late November. Its Toronto listed shares were up 1.1 percent at C$7.97 in early trading. Reuters added.
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which comprise the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data.
Shares of Alcoa Inc. (NYSE:AA), declined -0.84% to $9.49, during its last trading session.
Alcoa is expanding its R&D center in Pennsylvania to accelerate the development of advanced 3D-printing materials and processes. Alcoa will produce materials designed specifically for a range of additive technologies to meet increasing demand for complex, high-performance 3D-printed parts for aerospace and other high-growth markets such as automotive, medical and building and construction. The $60 million expansion is under construction at the Alcoa Technical Center, the world’s largest light metals research center near Pittsburgh, Pennsylvania.
“Alcoa is investing in the next generation of 3D printing for aerospace and beyond,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. “Combining our expertise in metal alloys, manufacturing, design and product qualification, we will push beyond the limits of today’s additive manufacturing. This investment strengthens our leadership position in meeting fast-growing demand for aerospace components made using additive technologies.”
Demonstrating this integrated strategy, the Company recently unveiled its Ampliforge™ process, a technique combining advanced materials, designs and additive and traditional manufacturing processes. Using the Ampliforge™ process, Alcoa designs and 3D-prints a near complete part, then treats it using a traditional manufacturing process, such as forging. The Company has shown that the process can enhance the properties of 3D-printed parts, such as increasing toughness and strength, as compared to parts made solely by additive manufacturing. Further, the Ampliforge™ process significantly reduces material input and simplifies production relative to traditional forging processes. Alcoa is piloting the technique in Pittsburgh and Cleveland.
The Company’s comprehensive approach to advancing additive manufacturing comprises:
Materials Leadership: Alcoa’s material scientists will produce proprietary aluminum, titanium and nickel powders designed specifically for 3D-printing. These powders will be tailored for various additive manufacturing processes to produce higher strength 3D-printed parts, and meet other quality and performance requirements. Alcoa has a long history in metal alloy and powder development, having invented over 90 percent of the aluminum alloys used in aerospace recently and with a 100-year history in aluminum metal powder development for rocket fuel, paint and other products.
Combination of Process and Design: Alcoa will further its development of advanced 3D-printing design and manufacturing techniques—such as Alcoa’s Ampliforge™ process—to improve production speeds, reduce costs, and achieve geometries not possible through traditional methods. Direct production of 3D-printed metal parts represents a new way to manufacture aerospace components and requires a new suite of innovative design tools to realize its full potential. By connecting our materials scientists with our manufacturing experts, we enable a rapid development feedback loop to inform new software tools and processes that take full advantage of additive capabilities.
Qualification Expertise: With the industry’s longest-running history of certifying aerospace components and qualifying processes, Alcoa will use its testing and process control expertise to overcome challenges with certifying new 3D-printed parts, starting with aerospace applications.
This expansion of the Alcoa Technical Center builds on Alcoa’s additive manufacturing capabilities in California, Georgia, Michigan, Pennsylvania and Texas. The Company has been creating 3D-printed tools, molds and prototypes for the past 20 years and owns and operates one of the world’s largest HIP (Hot Isostatic Pressing) complexes in aerospace, a technology that strengthens the metallic structures of traditional and additive manufactured parts made of titanium and nickel based super-alloys. Through the recent RTI acquisition, Alcoa gained 3D printing capabilities in titanium, other specialty metals and plastics for the aerospace, oil and gas and medical markets. This expansion positions Alcoa to industrialize its advanced 3D printing capabilities across these and other manufacturing facilities.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is involved in mining bauxite, which is then refined into alumina. The Primary Metals segment produces primary aluminum.
Finally, Vince Holding Corp (NYSE:VNCE), ended its last trade with -43.47% drop, and closed at $5.24, hitting its lowest level.
Vince Holding Corp., on Thursday stated a fiscal second-quarter loss of $5 million, after reporting a profit in the same period a year earlier, according to AP.
The New York-based company said it had a loss of 14 cents per share. Earnings, adjusted for non-recurring costs, were 14 cents per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The high-end clothing company posted revenue of $80 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks predictable $86 million. AP Reports
Vince Holding anticipates full-year earnings in the range of 31 cents to 37 cents per share, with revenue in the range of $285 million to $295 million. AP added.
Vince Holding Corp. designs, merchandises, and sells various contemporary fashion brand products in the United States and internationally. It operates through two segments, Wholesale and Direct-To-Consumer.
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