Technology's Market Movers Stock Watch: mPhase Technologies, Adobe, Intel, NQ Mobile, Micron Technology
CORAL SPRINGS, Florida, September 18, 2013 /PRNewswire/ --
FinancialNewsMedia.com issues news updates for today's active technology companies with current market trends: mPhase Technologies Inc. (OTCQB: XDSL), Adobe Systems Inc. (NASDAQ: ADBE), Intel Corporation (NASDAQ: INTC), NQ Mobile Inc. (NYSE: NQ) and Micron Technology Inc. (NASDAQ: MU).
mPhase Technologies Inc. (OTCQB: XDSL) Headline: DTC "Chill" Removed from mPhase Common Stock. mPhase Technologies announced today that the Depository Trust Company has, effective September 16, 2013, removed a chill from the Company's common stock that was put in effect on June 17, 2011. The Company has once again become eligible for the "continuous net settlement" process in which its securities may fully utilize the modern electronic delivery system for settlements of purchases and sales of its common stock. The Company has over 23,000 shareholders which should benefit from the additional number of choices now available to them as a result of this action. The Company had suffered a material contraction in its market capitalization during the period of the DTC Chill.
To read the entire press release, please go to http://www.fnmprofiles.com/profiles-xdsl.php
mPhase to Display mPower "Jump!" Auto Battery Technology at SEMA Show, Las Vegas, November 2013 - mPhase Technologies Inc., a Frost and Sullivan battery technology award recipient, will launch the mPower Jump car battery jump starter at the SEMA Show, the premier automotive specialty products trade event in Las Vegas - mPhase Technologies Inc. recently announced that it will be displaying at SEMA 2013 its mPower "Jump!" car battery jump starter for channel distribution into specialty, mass retail and e-tail sales outlets. The mPower "Jump!, a truly portable jump starter that fits in a glove box, will be showcased exclusively at the mPower booth at SEMA. With over 60,000 domestic and international buyers at SEMA, the emergency auto device, The mPower "Jump!", will provide auto channel suppliers and retailers a better solution to jumper cables and traditional car batteries in time for the retail buying seasons. The mPower "Jump!" was designed under a development agreement with the Porsche Design Studios, Austria..
The video demonstration of this game changing product can be seen on YouTube at http://www.youtube.com/watch?v=gsZYhLURQ-o
With over 250 million automobiles in just the United States, the mPower "Jump!" is targeted at a sizable mass market for regional and national automotive retailers and e-tailors. "The 2013 SEMA Show has been a much anticipated event for us as it represents the perfect showcase for gaining distribution channels for the mPower "Jump!" Said Ron Durando, President and CEO of mPower Technologies, Inc. "This is an ideal auto utility product that brings easy to use, Power on Command™ in the event of being stranded with a dead battery. "
Adobe Systems Inc. (NASDAQ: ADBE) reported financial results for its third quarter of fiscal year 2013 ended Aug. 30, 2013. Third Quarter Financial Highlights: - Adobe achieved revenue of $995.1 million, within its targeted range of $975 million to $1.025 billion. The acquisition of Neolane during the quarter contributed approximately $6 million of revenue to third quarter results. - Diluted earnings per share were $0.16 on a GAAP-basis, and $0.32 on a non-GAAP basis. - Operating income was $110.4 million and net income was $83.0 million on a GAAP basis. Operating income was $223.0 million and net income was $164.4 million on a non-GAAP basis. - Cash flow from operations was $215.5 million. - Deferred revenue grew by $42.7 million to a record $734.0 million. Read the full Q3 Report at http://finance.yahoo.com/news/adobe-creative-cloud-surpasses-one-200500181.html
Intel Corporation (NASDAQ: INTC) has been reiterated by TheStreet.com Ratings as a buy with a ratings score of B. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Read the full article at http://www.thestreet.com/story/12039725/1/intel-corp-stock-buy-recommendation-reiterated-intc.html
NQ Mobile Inc. (NYSE: NQ), a leading global provider of mobile Internet services, recently announced the release of "Music Radar," a revolutionary content-based music information retrieval (MIR) application from one of its subsidiaries, Yinlong. The app is now available in China for both Android and iOS platforms, with plans for expanding the service into other countries in the near future.
Micron Technology Inc. (NASDAQ: MU) News: Crucial is a global brand of Micron Technology, recently announced the 64GB Crucial DDR3L Load-Reduced DIMMs (LRDIMMs) for servers, which enable more DIMMs per channel for up to twice the installed memory capacity per server. Additionally, these modules offer up to a 35 percent increase in memory bandwidth per server compared to standard DIMMs, and eliminate the channel ranking limitation of standard DDR3 registered DIMMs. The Crucial DDR3L LRDIMMs is designed for IT professionals that manage high-end server environments with demanding workloads..
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