Seeking Alpha

Mike Zaman's  Instablog

Mike Zaman
Send Message
  • Strong Radar Signals: XG Technology (XGTI) 2nd New US Patent Award This Week, Palo Alto Networks (PANW) Numbers And Upgraded On Settlement  0 comments
    May 29, 2014 8:39 AM | about stocks: XGTI, PANW

    http://static.cdn-seekingalpha.com/uploads/2014/5/29/saupload_xgti.jpg xG Technology, Inc. (NASDAQ:XGTI)

    Interference is a major impediment to reliable and efficient wireless transmissions, and can negatively impact performance and coverage in high-capacity mobile systems. While interference has been an issue in unlicensed spectrum bands for years, mobile carriers are now also experiencing unprecedented levels of interference in their licensed spectrum-based mobile networks, due to skyrocketing demand for mobile data.

    XGTI said that it has been awarded a new patent for interference mitigation techniques. This is the second new patent grant announced by XGTI this week. On May 27, the company reported a cognitive radio patent award that enables enhanced interference mitigation for devices in shared spectrum.

    The new patent, "OFDM Symbol Diversity Combiner for Burst Interference Mitigation" (USPTO #13/486,331) covers a method of diversity combining that operates on individual OFDM (Orthogonal Frequency Division Multiplexing) symbols, allowing efficient mitigation of burst interference typical to many devices operating on unlicensed bands. More specifically, this invention describes a diversity combiner that operates as a maximal ratio combiner or selection combiner, depending on operation conditions.

    This latest XGTI innovation describes advanced techniques for detecting and reducing unwanted transmissions that lead to harmful interference, thus improving system performance.

    http://static.cdn-seekingalpha.com/uploads/2014/5/29/saupload_xgtich.png

    XGTI has created a broad portfolio of intellectual property that makes wireless networks more intelligent, accessible, affordable and reliable. XGTI's xMax is a patented all-IP cognitive radio technology that enables robust mobile broadband communications for private, consumer and government networks.

    More about xG Technology, Inc. (XGTI) at www.xgtechnology.com.

    **

    http://static.cdn-seekingalpha.com/uploads/2014/5/28/saupload_panw.jpg Palo Alto Networks, Inc. (NYSE:PANW)

    After PANW reported its financial results and a favorable settlement with Juniper Networks, brokerage firm Raymond James has upgraded PANW from Outperform to Strong Buy with a price target of $90.00 per share, while Oppenheimer upgraded the company from Perform to Outperform with an $80.00 per share price target

    For the third quarter fiscal 2014, PANW posted a record total revenue of $150.7 million, a 49% increase year over year and ahead of analysts' average estimate of $146.2 million, while its non-GAAP net income for the period was $8.7 million, or $0.11 per diluted share, compared with non-GAAP net income of $5.3 million, or $0.07 per diluted share, in the third quarter fiscal 2013.

    PANW also said that it has entered into a settlement agreement with Juniper Networks resolving patent litigation between the two companies. The settlement amount was much lower than the market expected.

    Under the terms of the settlement, PANW will make a one-time payment to Juniper of approximately $175 million, consisting of $75 million in cash, approximately $70 million in shares of common stock and a warrant to purchase approximately $30 million of common stock.

    http://static.cdn-seekingalpha.com/uploads/2014/5/28/saupload_panw_ch.png

    PANW is leading a new era in cybersecurity by protecting thousands of enterprise, government, and service provider networks from cyber threats. Unlike fragmented legacy products, the company's security platform safely enables business operations and delivers protection based on what matters most in today's dynamic computing environments: applications, users, and content.

    More about Palo Alto Networks, Inc. (PANW) at www.paloaltonetworks.com.

    **

    Read Full Disclaimer at www.finance.crwe-pr.com/disclaimer

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To Mike Zaman's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.