On Monday, Freescale Semiconductor Ltd (NYSE:FSL)’s shares inclined 1.84% to $37.71.
To solidify its strong position in solutions for the autonomous vehicles/advanced driver assistance systems (ADAS) market, Freescale Semiconductor (FSL) recently declared the acquisition of Ottawa, Canada-based CogniVue Corporation, a leading developer of image cognition IP for automotive and consumer applications.
Freescale has established a market-leading position through developments in sensor, microcontroller and microprocessor solutions for automotive radar and vision applications. The company has shipped more than 20 million units into ADAS applications to date, and has designs in 9 of the world’s top 10 automotive OEMs. Additionally, Freescale has secured a design win pipeline enabling growth well above industry estimates for the worldwide ADAS market for the next several years.
Freescale Semiconductor, Ltd. provides embedded processors worldwide. The companys products comprise microcontrollers, ranging from 8-bit products to higher performance 16-bit and 32-bit products with on-board flash memory, which provide the digital logic or intelligence for electronic applications and controlling electronic equipment or analyzing sensor inputs; single-and multi-core microprocessors; and applications processors with embedded memory, and special purpose hardware and software for multimedia applications.
Regal Entertainment Group (NYSE:RGC)’s shares dropped -0.27% to $18.21.
Regal Entertainment Group (RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, declared fiscal second quarter 2015 results.
Total revenues for the second quarter ended June 30, 2015 were $862.8 million contrast to total revenues of $770.3 million for the second quarter ended June 26, 2014. Net income attributable to controlling interest in the second quarter of 2015 was $53.4 million, which comprised of a $3.6 million after-tax loss on extinguishment of debt, contrast to $33.8 million in the second quarter of 2014, which comprised of a $6.6 million after-tax loss on extinguishment of debt. Diluted earnings per share was $0.34 for the second quarter of 2015 contrast to $0.22 for the second quarter of 2014. Adjusted diluted earnings per share(1) was $0.38 for the second quarter of 2015 contrast to $0.27 for the second quarter of 2014. Adjusted EBITDA(3) was $177.3 million for the second quarter of 2015 and $145.4 million for the second quarter of 2014. Reconciliations of non-GAAP financial measures are offered in the financial plans accompanying this press release.
Regal Entertainment Group, through its auxiliaries, operates as a motion picture exhibitor in the United States. It develops, acquires, and operates multi-screen theatres primarily in mid-sized metropolitan markets and suburban growth areas of larger metropolitan markets. The company operates a theatre circuit under the brands of Regal Cinemas, United Artists, Edwards, Great Escape Theatres, and Hollywood Theaters.
At the end of Monday’s trade, Radian Group Inc (NYSE:RDN)‘s shares surged 0.40% to $17.49.
Radian Group Inc. (RDN) stated net income for the quarter ended June 30, 2015, of $50.0 million, or $0.22 per diluted share, which comprised of the following pre-tax items: a loss of $91.9 million on induced conversion and debt extinguishment from recent actions to strengthen the company’s capital structure, and net gains of $28.4 million on investments and other financial instruments. This compares to net income for the quarter ended June 30, 2014, of $174.8 million, or $0.78 per diluted share, which comprised of pre-tax net gains of $25.3 million on investments and other financial instruments, and $71.3 million of net income from suspended operations. The company also stated an income tax provision of $34.8 million for the quarter ended June 30, 2015, contrast to an income tax benefit of $10.7 million for the quarter ended June 30, 2014.
Radian Group Inc., through its auxiliaries, provides mortgage and real estate products and services in the United States. It operates through two segments, Mortgage Insurance, and Mortgage and Real Estate Services (MRES). The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance that protects mortgage lenders from all or a portion of default-related losses on residential mortgage loans made to home buyers, in addition to facilitates the sale of these mortgage loans in the secondary mortgage market. It offers primary mortgage insurance coverage on residential first-liens.
xG Technology Inc (NASDAQ:XGTI), ended its Monday’s trading session with -12.59% loss, and closed at $0.511.
xG Technology, Inc (XGTI) declared the introduction of the xMax NOW Network on Wheels™ (“xMax NOW”) transportable broadband wireless system. xMax NOW, which is accessible for customer shipments recently, has everything needed to establish instant, wide-area mobile communications capabilities in a roll-out format.
xG specifically designed xMax NOW to meet the rapid-deploy requirements of emergency response, homeland security, law enforcement, military and private entities. The system can extend the range of data communications up to seven miles (160 square miles of coverage) around a mobile command center to enable real-time situational awareness.
xMax NOW is a fully self-contained mobile voice and data communications system that can be easily transported by vehicles of any size. The system, which has been pre-packaged for easy setup and installation, allows communications links to be established within 30 minutes. Components of the system comprise a self-configuring wireless broadband data center unit, a fast and flexible mast structure, all necessary antennas, cabling, switches, and quick-install hardware and accessories. All items are enclosed in rugged, easily transportable packaging for deployment on demand. Satellite backhaul capability pre-configured in a flyaway kit can also be comprised of.
Tim Moynihan, xG Technology’s Vice President of Sales, said, “The xMax NOW solution is a fully-integrated, highly transportable unit that is ideal for establishing and maintaining communications quickly and easily. Recently’s mission-critical wireless users need reliable, real-time voice, data and video access. xMax offers a unique combination of unmatched reliability, exceptional interoperability, and rock-solid security in a turnkey broadband system. When delivered in the xMax NOW package, it provides the ultimate in deployment flexibility and immediate connectivity.”
xMax NOW incorporates xG Technology’s xMax secure, high-speed private wireless network infrastructure. Unlike public cellular systems, which are susceptible to system overload or damage during disasters, emergency situations and large events, xMax is a private, public-safety grade network which is always accessible. xMax has been engineered to deliver exceptional resiliency and redundancy in unpredictable environments and fluid and chaotic situations. This is a critical benefit for first responders and other mission-essential users who require wireless access that is protected from contention with public users, in addition to other possible interference sources.
xG Technology, Inc. develops communications technologies for wireless networks worldwide. The company’s intellectual property is embedded in proprietary software algorithms designed to offer cognitive interference mitigation and spectrum access solutions to organizations in a various industries, counting national defense and rural broadband.
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