BlackBerry Gets Single Biggest Purchase Order in Company History. Senate Panel to Approve Budget Safety Net
NEW YORK, March 14, 2013 /PRNewswire/ --
BlackBerry announced on Wednesday that an established partner ordered 1 million devices running the Company's newest operating system, BlackBerry 10. The company will begin shipping smartphones immediately to the customer. BlackBerry noted that this was the largest single purchase order in BlackBerry's history. Shares of BlackBerry closed up 8.15% on Wednesday and climbed another 2+% in after-hours trading.
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EMC Corporation (NYSE: EMC) - EMC was one of the most actively traded stocks on the NYSE exchange yesterday. Trading volume at 37,319,262 shares was considerably higher than the stock's average of 23,963,800 shares. The Company along with its partner VMware announced plans to spin off a business unit. The two companies said they will create a Pivotal company that will include VMware's Cloud Foundry service as well as EMC's Greenplum data analytics software offerings. Pivotal, which EMC acquired last year for an unknown price, will target big data trends in the enterprise. Shares of EMC closed up 1.76% yesterday.
Velti Plc (Nasdaq: VELT) - Velti Plc was one of the biggest decliners on the Nasdaq composite yesterday. The stock hit as low as $2.08 in intra-day trading making it a new 52-wk low for the company. The stock closed down more than 22% after revealing disappointing revenue forecasts for the first quarter and full year along with fourth-quarter results that were below analysts' estimates. Trading volume for the stock was roughly seven times higher than average on Wednesday.
Spectrum Pharmaceuticals, Inc. (Nasdaq: SPPI) - Shares of SPPI sank more than 37% on Wednesday, hitting a new 52-week low of $7.72. Trading volume was twenty times higher than average yesterday with more than 20 million shares traded. The company forecasted a big drop in full-year revenue as hospitals increasingly opt for a generic colon cancer treatment over the Company's biggest-selling drug, Fusilev. Since Fusilev was launched in 2008, shares of SPPI have risen eight-fold. On March 5th, a director in the Company bought 5,000 shares.
SILVER SPRING NETWORKS, INC (NYSE: SSNI) - Shares of SSNI made their debut on Wednesday. The stock advanced nearly 30% on its first day of trading. Closing at $22.00 a share, the stock was 9% higher than its issue price of $17. The company builds hardware and complementing software for power companies that can track usage and help companies save on costs and operate much more efficiently. Trading volume on Wednesday was a little more than 5 million shares.
Box Ships Inc. (NYSE: TEU) - Box Ships Inc. closed down roughly 10% on Wednesday at $5.14. The drop in price came after the Company priced a public offering of 4 million shares at an 8 percent discount to its most recent closing price. The Company priced the offering at $5.25 per share and it is expected to close on Monday. Box Ships engages in the seaborne transportation of containers worldwide and has a 52-week trading range of 4.00 - 9.39. The stock's trading volume yesterday was around eleven times higher than usual at 2,285,144 shares traded.
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