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Friday 26 June 2015
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Pre-Market News Review: Hewlett-Packard Company, (NYSE:HPQ), PhotoMedex, (NASDAQ:PHMD), BB&T Corporation, (NYSE:BBT)

On Tuesday, Shares of Hewlett-Packard Company (NYSE:HPQ), lost -0.22% to $31.63.

Hewlett-Packard Company, unveiled its first Windows 10 commercial tablet, an 8-inch diagonal mobile retail solution, and new capabilities and updates to HP Touchpoint Manager, its IT administration solution for small and medium businesses.

The company also declared new independent software vendors (ISVs) and partners across the aviation and retail industries to continue to build out HP’s “business-first” approach to mobility.

Highly mobile, purpose-built tablet for businesses

The HP Pro Tablet 608 offers purpose-built business mobility with a stunning 8-inch diagonal HD screen, high performance and impressive productivity with Windows 101. The tablet provides great audio support for Cortana2 and videoconferencing, and comprises advanced security features that build on the new OS, making it the perfect mobile productivity companion for busy travelers and executives.

Thin and light at just 8.35 mm and under 1 lb., the tablet delivers a premium viewing experience indoors and out with its 2048 x 1536 high resolution display that automatically adjusts to lighting conditions. The 4:3 aspect ratio is optimized for working with business productivity apps, providing 35% more viewing area than 16:9 displays for more natural readability of full-page content.

The Pro Tablet 608 has a full Windows Professional experience with up to eight hours of battery life3. Designed with Corning® Gorilla® Glass 4 and a metal-reinforced chassis, this tablet endured more than 120,000 hours of durability testing. Productivity is enabled in the office and at the work site with dual-band WLAN ac/b/g/n4 and a choice of optional 3G or 4G WWAN5.

Dual front-facing stereo speakers, dual microphones, DTS Studio Sound™ and noise-cancelling software are paired with a front-facing 2 MP camera for superb web conferencing, even in noisy public areas like airports or hotels. An 8 MP camera provides high-definition image capture, important in industries such as insurance or real estate.

Hewlett-Packard Company, together with its auxiliaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), in addition to the government, health, and education sectors worldwide.

Shares of PhotoMedex, Inc. (NASDAQ:PHMD), declined -7.07% to $1.71, during its last trading session.

PhotoMedex, declared two very successful live television home shopping sales events, one in the U.S. at the end of May and the other in the UK at mid-June. Consumers purchased about 17,400 units of no!no!™ Hair and retail sales of nearly $3.5 million in a 24-hour period in the U.S. The company’s unit sales exceeded its pre-event expectations, and also exceeded a similar event on home shopping in May 2014 by about 4,000 units. In the UK, an event was held on a separate home shopping network surpassing the targeted expectations by completely selling out inventory purchased for the event.

“Our strategy to focus on the unique benefits of no!no! contrast with other home hair removal treatments proved to be a success in both markets when we exceeded our internal stretch aims for both live television events. The no!no! model marketed to consumers during both events was the 8800, which was launched on home shopping in November of 2009. We are very happy that six years and hundreds of thousands of units later, this model is still generating strong sales on live television home shopping,” said Dr. Dolev Rafaeli, chief executive officer of PhotoMedex.

PhotoMedex, Inc., a skin health company, provides integrated disease administration and aesthetic solutions to dermatologists, professional aestheticians, and consumers in North America, the Asia Pacific, Europe, and South America.

Finally, BB&T Corporation (NYSE:BBT), ended its last trade with 0.90% gain, and closed at $41.56, hitting its highest level.

BB&T Corporation, declared it has accomplished its acquisition of The Bank of Kentucky Financial Corporation. Systems were converted during the weekend and branches in northern Kentucky and Cincinnati opened recently (Monday) under the BB&T name.

“We are very excited to complete this planned transaction,” said Chairman and Chief Executive Officer Kelly S. King. “With so many cultural similarities and a shared passion for client service, our associates are ready to start serving our clients and prospects as BB&T in these vibrant markets.

“This acquisition makes us a leading bank in the market with the No. 1 position in northern Kentucky, and No. 7 in the Cincinnati MSA. It also boosts our overall marketplace ranking in Kentucky to No. 2.”

The acquisition, which was declared in September 2014, comprises 32 retail branches in northern Kentucky and Cincinnati. The merger comprises $1.6 billion in deposits, $1.3 billion in loans and total assets of $1.9 billion based on March 31, 2015, balances. BB&T received the required regulatory approvals for the acquisition earlier this year.

BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.

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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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