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Monday 22 June 2015
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Pre-Market News Alert on: PG&E (NYSE:PCG), NXP Semiconductors NV (NASDAQ:NXPI), Washington Real Estate Investment Trust (NYSE:WRE), Cadence Design Systems (NASDAQ:CDNS)

On Monday, PG&E Corporation (NYSE:PCG)’s shares declined -0.86% to $49.81.

PG&E Corporation (PCG) wants parents to know that the company offers savings and safety tips year-round, but summer is a great time for families to learn ways to save energy and money. It’s also a good opportunity to teach children how to stay safe around electricity and natural gas.

Summertime Energy and Money Saving Tips

PG&E wants customers to know that summer can be better when we save together and offers customers even more ways to save. Energy usage is the second largest source of greenhouse gas emissions in California and by taking steps to save, parents and students can all be part of the solution to reduce the impacts of climate change.

  • Avoid using the oven on hot days. Instead, cook on the stove, use a microwave oven, or grill outside.
  • Save on cooling costs by setting your thermostat to 78°F when you’re at home, health permitting. Set it to 85°F when you’re away for more than a few hours.
  • If possible, enjoy an afternoon out at the pool, park or local library. You can also visit your community cooling centers.
  • Wait until cooler times of the day to do tasks that make your house warmer, like laundry and cooking.
  • If you turn your ceiling fan on when using the air conditioner, you can raise your thermostat about 4°F to save on cooling costs with no reduction in comfort.
  • Turn off lights when not in use.

PG&E Corporation, through its partner, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California.

NXP Semiconductors NV (NASDAQ:NXPI)’s shares dropped -0.98% to $102.79.

NXP Semiconductors NV (NXPI) declared the pricing of the formerly declared offering by its auxiliaries NXP B.V. and NXP Funding LLC of USD 600 million aggregate principal amount of senior unsecured notes due 2020 (the “2020 Notes”) and USD 400 million aggregate principal amount of senior unsecured notes due 2022 (the “2022 Notes”, together with the 2020 Notes, the “Notes”) following Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Notes will be fully and unconditionally guaranteed, jointly and severally, on a senior basis by certain of NXP’s wholly-owned auxiliaries located in the Netherlands and the United States (the “Notes Guarantees”) and will be structurally subordinated to the liabilities, counting trade payables, of NXP’s auxiliaries that have not guaranteed the Notes. In addition, the Notes will be effectively subordinated to all secured debt of the issuers and the guarantors, to the extent of the value of the assets securing such debt.

The 2020 Notes will bear interest at 4.125% per annum and will mature on June 15, 2020. The 2022 Notes will bear interest at 4.625% per annum and will mature on June 15, 2022. Interest on the Notes will be payable semi-annually on December 15 and June 15 of each year, starting on December 15, 2015.

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power administration, interface, security, and digital processing products worldwide. It provides in-vehicle networking, car passive keyless entry and immobilization, and car radio and audio amplifiers; car solid state lighting drivers; communication products that are related to assisted and autonomous driving; ICs for e-government, transportation, and access administration; RF power amplifiers, small signal RF discretes, and RF ICs for mobile, consumer electronics, and cable television infrastructure; AC-DC power conversion ICs for notebook personal computers; low power audio ICs; and microcontrollers.

At the end of Monday’s trade, Washington Real Estate Investment Trust (NYSE:WRE)‘s shares surged 1.24% to $25.40.

Washington Real Estate Investment Trust (WRE) will announce 2nd Quarter 2015 earnings in a press release to be issued on Thursday, July 23, 2015, after the market close.

Washington Real Estate Investment Trust is an equity real estate investment trust (REIT). The company engages in the ownership, operation, and development of real properties. The firm invests in real estate markets of the greater Washington D.C. metro region. It focuses on office, medical office, industrial/flex space, retail, and multifamily real estate investments. Washington Real Estate Investment Trust was founded in 1960 and is based in Rockville, Maryland.

Cadence Design Systems Inc (NASDAQ:CDNS), ended its Monday’s trading session with -0.15% loss, and closed at $19.82.

Cadence Design Systems Inc (CDNS) declared the next-generation Cadence® JasperGold® formal verification platform. This new formal verification solution integrates Cadence Incisive® formal technology and JasperGold technology into a single platform that delivers up to 15X performance improvement as compared to previous solutions. Moreover, as an integrated part of the Cadence System Development Suite, the JasperGold technology can assist to reduce verification plan by up to three months.

The JasperGold platform significantly improves design quality and efficiency by integrating a comprehensive set of features into one solution, counting:

  • Design compilation and formal engine technologies from Incisive®Formal Verifier and Incisive Enterprise Verifier, counting the innovative Trident multi-cooperating engines. This enables easy migration for existing Incisive customers and up to 15X performance improvement for both bug-hunting and proof convergence modes.
  • The next-generation JasperGold platform has been fully integrated with the Cadence System Development Suite’s Incisive simulation and Palladium®emulation platforms, and with vManager™ tool to enable comprehensive metric-driven verification. This results in an up to three-month plan reduction through formal-assisted verification closure.
  • Proven JasperGold Visualize™ and QuietTrace™ technologies, which have been integrated with the Indago™ debug platform to further expand analysis and on-the-fly what-if exploration, assisting reduce root-cause debug time up to 5-100X.

Cadence Design Systems, Inc. develops, sells, leases, and licenses electronic design automation (EDA) software, emulation and prototyping hardware, verification intellectual property (VIP), and design intellectual property (design IP) for semiconductor and electronics systems industries worldwide. It offers functional verification products, including logic verification software that enables customers to coordinate verification activities across multiple teams and various specialists for verification planning and closure; and system design and verification products for hardware-software verification, as well as for system power exploration, analysis, and optimization.

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