NEW YORK, December 25, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Red Hat, Inc. (NYSE: RHT), Responsys, Inc. (NASDAQ: MKTG), Dealertrack Technologies, Inc. (NASDAQ: TRAK), Ambarella, Inc. (NASDAQ: AMBA), and Tower Semiconductor Ltd. (NASDAQ: TSEM). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Red Hat, Inc. Research Report
On December 12, 2013, Red Hat, Inc. (Red Hat) announced its partnership with Dell to jointly engineer enterprise-grade, private cloud solutions based on OpenStack to help customers move to and deploy highly-scalable cloud computing models. According to Red Hat, Dell will become the first company to OEM Red Hat Enterprise Linux OpenStack Platform. Red Hat reported that the co-engineered solution will be built on Dell infrastructure and Red Hat Enterprise Linux OpenStack Platform. Paul Cormier, President, Products and Technologies at Red Hat, stated, "Our collaboration with Dell keeps getting better and today's announcement to co-engineer OpenStack solutions marks a significant milestone for both companies and customers. Just as we successfully collaborated with Dell to establish Red Hat Enterprise Linux as an enterprise industry standard, we're now extending our collaboration to help establish Red Hat Enterprise Linux OpenStack Platform as the standard for open private cloud in the enterprise. Dell and Red Hat are committed to jointly developing and delivering enterprise-grade OpenStack offerings to help customers pursue private cloud today, and advanced computing models in the future." Red Hat reported that the said alliance also complements Dell's cloud strategy of offering customers open, flexible and scalable technology to build, use and control cloud infrastructures. The Full Research Report on Red Hat, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Responsys, Inc. Research Report
On December 20, 2013, Responsys, Inc. (Responsys) announced that it has entered into an agreement to be acquired by Oracle for $27.00 per share in cash or approximately $1.5 billion, net of Responsys' cash. Mark Hurd, President, Oracle, said, "Recognizing the unique needs of the CMO in B2B and B2C industries, the Oracle Marketing Cloud is now the only platform to unite enterprise-class leaders in these historically distinct marketing-automation fields." Hurd continued, "Our strategy of combining the leaders across complementary technologies signifies Oracle's overwhelming commitment to winning and serving the CMO better than any other software company in the world." Responsys reported that it expects the transaction to close during H1 2014, subject to the Company's stockholders tendering a majority of Responsys' outstanding shares and vested equity incentive awards in the tender offer, certain regulatory approvals and other customary closing conditions. The Full Research Report on Responsys, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Dealertrack Technologies, Inc. Research Report
On December 19, 2013, Dealertrack Technologies, Inc. (Dealertrack) announced that it has entered into a definitive agreement to acquire Dealer.com for approximately 8.7 million shares of Dealertrack's common stock and $620 million in cash, subject to customary post-closing adjustments. According to Dealertrack, it expects to finance the cash portion of the purchase price through cash on hand and with fully-committed debt financing. Dealertrack reported that it expects to close the transaction during Q1 2014, subject to regulatory approval. The Company expects the transaction to be accretive to its standalone multi-year organic growth profile to Dealertrack's diluted adjusted net income per share. The Full Research Report on Dealertrack Technologies, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Ambarella, Inc. Research Report
On December 20, 2013, Ambarella, Inc. (Ambarella) announced that it is exploring with Google a new class of wearable cameras for the Helpouts application and service. Ambarella reported that the two Companies will jointly demonstrate the wearable camera reference design during the Consumer Electronics Show in Las Vegas, to be held from January 7 to January 10, 2014. Fermi Wang, CEO of Ambarella, commented, "We are delighted to be working with Google and look forward to enabling Helpouts on our new wearable camera platform." Wang added, "The result will be a new class of camera that enables teachers and trainees to interact in an entirely new way." The Full Research Report on Ambarella, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Tower Semiconductor Ltd. Research Report
On December 20, 2013, Tower Semiconductor Ltd. (TowerJazz), along with Panasonic Corporation (Panasonic), announced the signing of a definitive agreement to create a joint venture (JV) to manufacture Panasonic's products, using Panasonic's three semiconductor manufacturing facilities in Japan, as well as possible expansion of the current operations in the said facilities, leveraging TowerJazz's customers and businesses to capture out-of-group sales. TowerJazz reported that the Companies will develop the JV to be a global leading specialty foundry, combining TowerJazz's world class design enablement platform and marketing advantages together with Panasonic's well advanced technology and outstanding quality management capabilities. The Full Research Report on Tower Semiconductor Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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