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 2013mPhase 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..

FinancialNewsMedia.com  is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com   for more details. Get an edge on the market with our Premium News Alerts   that are FREE for a limited time at http://www.financialnewsmedia.com/.  Follow us on Facebook: http://www.facebook.com/financialnewsmedia  and Twitter: http://twitter.com/FNMgroup Sign up for our FREE SMS News alerts delivered directly to your mobile phone by texting the word STOCK to 545454.  (SMS alerts are free, however data rates may apply, check your wireless plan for details.)

DISCLAIMER:  FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  The companies that are discussed in this release may or may not have approved the statements made in this release.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.

FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.  

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Contact Information:
Company:  FN Media Group, LLC
Contact email:  editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611
URL: http://www.financialnewsmedia.com

SOURCE FN Media Group LLC




Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.