Thu, Mar. 19, 3:24 PM
- Today's notable tech gainers include NFC reader vendor On Track (OTIV +10.6%), Chinese real estate site owner Leju (LEJU +12.9%), mobile accessory vendor Zagg (ZAGG +5.4%), online furniture giant Wayfair (W +6.3%), and LED/chip/storage equipment maker Veeco (VECO +4.6%). The Nasdaq is up 0.2%.
- Notable decliners include mobile IP licensing firm Unwired Planet (UPIP -11.8%), flash storage array vendor Violin Memory (VMEM -7.1%), Chinese CDN owner ChinaCache (CCIH -6%), Chinese data center owner 21Vianet (VNET -4%), telecom equipment vendor Adtran (ADTN -4.6%), and VoIP/unified communications hardware vendor ShoreTel (SHOR -4.9%).
- On Track might be benefiting from Apple Pay enthusiasm. Leju is more than making up the 7% drop it saw yesterday after posting mixed Q4 results, guiding for 21%-25% 2015 growth, and declaring a special dividend. Veeco, which has had accounting issues in the past, disclosed today it had replaced Ernst & Young as its auditor with KPMG.
- Wayfair is now up 31% since its big March 4 Q4 beat. Zagg is up 46% since its iPhone 6-driven Feb. 24 Q4 beat.
- ChinaCache announced this morning its Q4 report will arrive on March 26. 21Vianet has gradually moved lower since posting mixed Q4 results last week. Violin is reversing the big gains seen last week following multiple insider buys.
- Previously covered: Yelp, Envivio, Novatel, Digital Turbine, Sungy Mobile, SuperCom, healthcare tech, Solar3D, China Mobile, Red Hat
Tue, Feb. 3, 1:25 PM
- Though the Nasdaq is only up 0.4%, a long list of tech firms are posting outsized gains today.
- It's a good day for online real estate: Merger partners Zillow (Z +5%) and Trulia (TRLA +4.9%) are up sharply, as are Chinese online real estate plays SouFun (SFUN +5.2%), E-House (EJ +6.5%), and Leju (LEJU +3.8%).
- Other major tech gainers include security software firm Imperva (IMPV +4.7%), gaming headset maker Turtle Beach (HEAR +6.6%), salvage auction site Liquidity Holdings (LQDT +7.4%), RF filter tech developer Resonant (RESN +10.7%), telecom equipment/SDN software vendor Cyan (CYNI +10.1%), Chinese CDN owner ChinaCache (CCIH +10.8%), application delivery controller vendor A10 Networks (ATEN +6.1%), Chinese sports lottery site 500.com (WBAI +7.6%), and unified communications hardware/software firm ShoreTel (SHOR +6.7%).
- Earlier: Solar stocks soar as oil tops $51, CSIQ strikes deal
- Earlier: 3D printing stocks routed after Stratasys warns
Wed, Jan. 28, 4:12 PM
Tue, Jan. 27, 5:35 PM| 4 Comments
Nov. 17, 2014, 10:31 AM
- Mitel (MITL +0.5%) has withdrawn its $540M ($8.10/share) offer to acquire ShoreTel (SHOR -8.6%), first announced on Oct. 20.
- Mitel says its decision stems from "the repeated refusal of ShoreTel's Board of Directors to engage in discussions of any kind regarding a potential transaction." ShoreTel has fallen to $7.50 in response.
Oct. 23, 2014, 4:13 PM
Oct. 20, 2014, 12:50 PM
Oct. 20, 2014, 10:08 AM
- Following a rejection from ShoreTel's (SHOR +16.1%) board, Mitel (MITL -1.2%) has gone public with an offer to buy the fellow VoIP/unified communications hardware and software provider for $540M, or $8.10/share, in cash. The price represents a 24% premium to ShoreTel's Friday close.
- Mitel says its proposal will remain open until 5PM ET on Nov. 20.
- ShoreTel currently trades at $7.50; its 52-week high is $9.81. With Mitel's market cap only at $936M, there could be some doubts about its ability to pull off a $510M all-cash acquisition. The company had $134.2M in cash at the end of June, and $342M in debt.
Oct. 20, 2014, 9:21 AM
Sep. 24, 2014, 5:35 PM
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