Midday Briefing: Tech Companies in the News for July 9 - Sirius, Microsoft, Nokia, Sprint, Clearwire
CORAL SPRINGS, Florida, July 9, 2013 /PRNewswire/ --
FinancialNewsMedia.com issues market news updates for today's active tech companiesSirius XM Radio (NASDAQ: SIRI), Microsoft Corp. (NASDAQ: MSFT), Nokia Corp (NYSE: NOK), Sprint (NY SE: S) and Clearwire (NASDAQ: CLWR)
Sirius XM Radio today announced that it added 715,000 net new subscribers in the second quarter, bringing its total subscribers to more than 25 million. Strong automotive sales helped drive 15% growth in net additions over the second quarter of 2012 and set a post-merger record for quarterly net subscriber additions. The Company also announced that it was raising full-year guidance for total net subscriber additions to 1.5 million from its previous guidance of 1.4 million. As of mid-day SIRI has traded over 44.1Million Shares.
Microsoft Corp. announced today it will publish fiscal year 2013 fourth-quarter financial results after the close of the market on Thursday, July 18, 2013 on the Microsoft Investor Relations website at http://www.microsoft.com/investor. A live webcast of the earnings conference call will be made available at 2:30 p.m. Pacific Time on the Microsoft Investor Relations website at http://www.microsoft.com/investor. As of mid-day MSFT was up slightly trading over 12Million Shares.
Nokia Corp News: HERE, a Nokia business, today announced the upcoming global release of HERE Drive+ for all Windows Phone 8 smartphones. This move will extend the benefits of HERE Drive+ beyond Nokia Lumia devices to help more people navigate their lives with ease and confidence. HERE Drive+ provides access to global world-class voice-guided turn-by-turn navigation with true offline maps, enabling people to reach their destination safely even without a data connection. "With the global release of HERE Drive+ for all Windows Phone 8 devices we will further extend our HERE business and deliver on our promise of making HERE experiences available for as many people as possible. The more people are using our location offering the better it will get for everyone," said Thom Brenner, vice president, Windows Phone applications, HERE. "At the same time this release also demonstrates our commitment to further strengthen the Windows Phone ecosystem with our maps assets."
Sprint today announced the successful completion of its transaction to acquire 100 percent ownership of Clearwire. The merger agreement was first announced on December 17, 2012 and Clearwire shareholders approved the transaction at a special meeting of stockholders held on July 8, 2013. The transaction closed and became effective today. At the effective time, each share of Class A common stock of Clearwire automatically converted into the right to receive $5.00 per share in cash. As a result of the completion of the transaction, the common stock of Clearwire will no longer be listed for trading on the NASDAQ stock exchange and Clearwire expects no further trading after the close of business on July 9, 2013.
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