AT&T Inc. (NYSE:T) has recently decided to acquire NextWave Wireless Inc., a company that has the right to use sections of the wireless spectrum that could be used for broadband.
The company said it agreed to pay as much as $600 million, most of which will be used for paying off NextWave debt. The transaction price also adds $25 million for the shares and an additional $25 million subject to certain conditions. The stock closed down in last session after the news.
In other news, Chip-design software maker Synopsys, Inc. (NASDAQ:SNPS) plans to acquire Taiwan’s Springsoft Inc in a deal valued at $406 million with an aim to strengthen its presence in Asian, European and U.S. semiconductor markets. The stock edged up on Thursday.
Nokia Corporation (ADR) (NYSE:NOK)
In last trading session, Nokia Corporation (ADR) (NYSE:NOK) reported the fall of -4.62% and closed at $2.27 with the total traded volume of 63.42 million shares making it most active stock in the technology sector. NOK has outstanding shares of 3.74 billion with the market capitalization of 8.50 billion and its beta value stands at 1.65 times.
A record number of Nokia Corporation call contracts were traded throughout the tiring trading session. There were 1.6 call contracts traded for each put contract giving a 0.63 put/call ratio where 45,337 put and 72,017 call contracts changed hands.
The stock’s 52 week high is $7.38 and 52 week low is $1.63. Shares of NOK have lost -29.33% of their worth within the last month.
Cisco Systems, Inc. (NASDAQ:CSCO)
Cisco Systems, Inc. (NASDAQ:CSCO) fell -1.50% to close at $15.74 with the total traded volume of 45.18 million shares, more than the average volume of 40.63 million. CSCO has earnings per share of $1.35 with the net profit margin of 16.14% and operating margin of 20.06%.
Cisco Systems Inc. said Thursday it has added Marc Benioff, the co-founder and CEO of salesforce.com Inc., to its board of directors. Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to communications and information technology
Intel Corporation (NASDAQ:INTC)
Intel Corporation, a world leader in computing innovation, is collaborating with Rovio the maker of Angry Birds; ; and Jumptap, the leader in targeted mobile advertising, to launch the first ever fully-branded total Angry Birds experience on Facebook. The game commence represents the inauguration of a year-long collaboration between the loveable characters and Intel-inspired Ultrabook devices.
Intel Corporation (NASDAQ:INTC) slid -0.08% and closed at $25.91 with the total traded volume of 31.13 million shares. Stock opened at $25.74 and its shares were trading within the range of $25.68-$26.26.