On Wednesday, Shares of GoPro, Inc. (NASDAQ:GPRO), lost -5.52% to $41.28, after comments from its key chip supplier, Ambarella Inc., stoked fears that wearable-camera sales are on the decline, according to WSJ.
Ambarella, which makes image-processing chips for GoPro cameras, noted on a conference call to discuss its second-quarter earnings Tuesday that it anticipates chip shipments related to the wearables market will be down in the third quarter, both sequentially and contrast with the preceding year, due to a lack of product launches. WSJ Reports
The comments sent shares of both companies sliding and prompted analysts to cut their earnings forecasts for GoPro. WSJ added
GoPro, Inc. develops hardware and software solutions to alleviate consumer pain points associated with capturing, managing, sharing, and enjoying engaging content. The company offers HERO line of capture devices, such as cameras; premium accessories, counting battery BacPac, smart remote, and LCD touch BacPac accessories.
Shares of Seagate Technology Public Limited Company (NASDAQ:STX), declined -1.64% to $49.77, during its last trading session.
Reduxio Systems (Reduxio) launched the first of its next generation enterprise storage solutions, the Reduxio HX 550 Flash Hybrid storage system. The solution reduces the cost of high performance enterprise storage with a new mechanism for application administration and recovery known as BackDating™ — a technology that obsoletes snapshots, and simplifies deployment, provision and administration of storage.
The Reduxio enterprise hybrid storage system provides IT managers and storage administrators flash performance while at the same time providing the necessary capacity. This allows users to consolidate applications to a system that is simple to deploy, easy to manage and allows applications to be recovered at the granularity of a single second.
“Systems limited to committing data writes to a single media type are far too unwieldy and/or expensive,” said Mark Weiner, Reduxio’s CEO and co-founder. “The power of Reduxio’s Flash Hybrid architecture is its ability to prioritize a customer’s most important data and commit to the most appropriated media. This allows us to combine flash and disk drives to deliver the most cost effective flash storage solution in the market recently. We’re a truly hybrid tiered device.”
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries.
Finally, Baytex Energy Corp. (NYE:BTE), ended its last trade with -2.04% loss, and closed at $5.28.
Baytex Energy Corp., declare that James Bowzer, President and CEO, will be presenting at the Barclays CEO Energy-Power Conference on Wednesday, September 9, 2015 at 9:05 am EDT (7:05 am MDT) in New York, New York.
Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, exploitation, and production of oil and natural gas in the Western Canadian Sedimentary Basin and the United States.
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