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Friday 10 July 2015
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Pre-Market News Report on: Discover Financial Services (NYSE:DFS), Tyco International (NYSE:TYC), VASCO Data Security International, (NASDAQ:VDSI), Integrated Silicon Solution, (NASDAQ:ISSI)

On Thursday, Discover Financial Services (NYSE:DFS)’s shares inclined 0.05% to $58.45.

Finicity Corp.™ makers of the popular personal finance application Mvelopes (www.mvelopes.com) and Discover Personal Loans are working together to assist consumers take control over their finances. Finicity’s Financial Wellness programs, counting Mvelopes, assist keep people on track with their spending, budget, and planned loan repayment.

This unique program brings together the power of Discover’s Personal Loans, backed by Finicity’s tools; education and accountability, to assist consumers eliminate high interest debt. Once approved for a personal loan, Mvelopes users can sync their Discover Personal Loan with their web and mobile app to assist them stay on top of payments and focus on paying their balances off as quickly as possible.

Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, counting private student loans, personal loans, home loans, home equity loans, prepaid cards, and other consumer lending, in addition to deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.

Tyco International PLC (NYSE:TYC)’s shares dropped -1.11% to $38.41.

Tyco International plc (TYC) will issue a press release reporting its results for the third fiscal quarter of 2015 before trading starts on Friday, July 31, 2015. A conference call for investors will start at 8:00 a.m., Eastern time (ET), and can be accessed in the following ways:

  • Live via webcast – through the Investor Relations section of Tyco’s website at http://investors.tyco.com,
  • Live via telephone (for “listen-only” participants and those who would like to ask a question) – by dialing 800-857-9797 (in the United States) or 517-308-9029 (outside the United States), passcode “Tyco”,
  • Replay via telephone – by dialing 866-353-3070 (in the United States) or 203-369-0090 (outside the United States), passcode 4999, from 10:00 a.m. (ET) on July 31, 2015, until 11:59 p.m. (ET) on August 7, 2015, and
  • Replay via webcast – through the “Presentations & Webcasts” link on the Investor Relations section of Tyco’s website: http://investors.tyco.com.

Tyco International Ltd. designs, sells, installs, and services security, fire detection, suppression, and life safety products worldwide. It operates in three segments: North America Installation & Services, Rest of World Installation & Services, and Global Products. Its electronic security systems comprise detection devices; asset protection and security administration systems; anti-theft systems; access control solutions, such as integrated security administration systems, access control solutions applications, alarm administration panels, door controllers, readers, keypads, and cards; video system solutions, such as digital video administration systems, matrix switchers and controllers, digital multiplexers, programmable cameras, monitors, and liquid crystal interactive displays; and burglar alarms and interactive security systems, such as alarm control panels, keypads, sensors, and central station receiving equipment for homes and businesses.

At the end of Thursday’s trade, VASCO Data Security International, Inc. (NASDAQ:VDSI)‘s shares dipped -4.41% to $28.58.

VASCO Data Security International, Inc. (VDSI) a global leader in authentication, electronic signatures and identity administration, declared the launch of its newest weapon to identify and mitigate hacking attacks. IDENTIKEY Risk Manager (IRM) is a comprehensive risk administration solution that improves the methods and speed with which organizations can detect fraud. IRM also allows organizations to perform more security functions in the background, reducing the security burden on their customers.

IDENTIKEY Risk Manager combines sophisticated, real-time risk analysis, multi-channel transaction monitoring and risk-based authentication to deliver an innovative solution for fraud prevention and compliance. IRM identifies and scores risks in real-time and at critical steps to determine risk levels and initiate protective action when suspicious patterns are identified. VASCO attained the core technology of IDENTIKEY Risk Manager with its 2014 acquisition of Risk IDS, Ltd., a provider of risk-based authentication solutions to the global banking community.

VASCO Data Security International, Inc., together with its auxiliaries, designs, develops, markets, and supports hardware and software security systems that manage and secure access to information assets worldwide. The company offers VACMAN Controller, a host system software authentication platform that combines technologies in one platform; IDENTIKEY Authentication Server that adds server functionality to the VACMAN core authentication platform; DIGIPASS as a Service, a cloud-based authentication service primarily for enterprise customers; and MYDIGIPASS solutions for end user authentication in the cloud.

Integrated Silicon Solution, Inc. (NASDAQ:ISSI), ended its Thursday’s trading session with -0.41% loss, and closed at $22.11.

Integrated Silicon Solution, Inc. (ISSI), a global fabless semiconductor company, acknowledged receipt of a “best and final” offer from Cypress Semiconductor Corporation (“Cypress”) to acquire ISSI for $22.60 per share in cash, together with an incremental ticking fee of $0.10 per share for each additional three months required to obtain regulatory approval for a transaction with Cypress which would start to accrue daily starting on October 1, 2015, up to a maximum of $0.20 per share.

After considering that the best and final offer from Cypress (counting the predictable value of the ticking fee) had a lower price than the $23.00 per share offered by the amended merger agreement (the “Uphill Agreement”) between ISSI and Uphill Investment Co. (“Uphill”), the ISSI Board has determined that the revised proposal from Cypress does not constitute, and would not be reasonably predictable to lead to a Superior Proposal (as defined in the Uphill Agreement).

Integrated Silicon Solution, Inc. is a fabless semiconductor company which designs and markets integrated circuits. The company offers low and medium density DRAM products for use in WLANs, base stations, networking switches and routers, fiber to the home, modems, set top boxes, digital cameras, MP3, flat panel TVs, LCD TVs, HDTVs, video phones, voice over Internet protocol, printers, disk drives, tape drives, audio/video equipment, instrumentation, GPS, telematics, infotainment, backup cameras, lane departure warning systems, and other applications.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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