Tech Stocks Alerts – Himax Technologies, Inc. (HIMX), Sprint Corp (S)
Shares of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) ended Thursday session in green amid volatile trading. The shares closed up +0.02 points or 0.23% at $8.58 with 4.23 million shares getting traded. Post opening the session at $8.45, the shares hit an intraday low of $8.45 and an intraday high of $8.72 and the price vacillated in this range throughout the day. The company has a market cap of $1.49 billion and the numbers of outstanding shares have been calculated to be 343.82 million shares.
Himax Technologies, Inc. (ADR) (HIMX) announced a partnership with NUVIZ, Inc. to develop a head-up display (“HUD”) product. With headquarter in San Diego, USA and research team in Finland, NUVIZ is mostly well-known in the industry as a leading HUD provider for motorcycle helmets. Dedicating in the HUD sector for over 3 years, NUVIZ has developed groundbreaking wearable products utilized by the motorcycling business. Under the partnership, NUVIZ will incorporate Himax’s LCOS microdisplays into its flagship product, the first connected HUD for any motorcycle helmet. Himax’s LCOS manufacturing facility is currently shipping NUVIZ’s customized displays for assembly in preparation of the company’s pending product launch in the second half of 2016.
Himax’s LCOS microdisplay technology is the leading application for HUD and Augmented Reality (AR) devices. Its reflective LCOS display provides bright, high-definition imaging and low-power consumption for a variety of AR and HUD applications. Himax’s LCOS technology is also preferred for its durability and resistance to elements, particularly for exterior use such as NUVIZ’s model. NUVIZ is one of the 30-plus customer brand leaders with whom Himax is currently working and includes leading multinationals in a wide variety of industries such as software, gaming, search, mobile, social media, military, automotive, wearable, and toy.
Shares of Sprint Corp (NYSE:S) ended Thursday session in red amid volatile trading. The shares closed down -0.01 points or -0.15% at $6.77 with 16.97 million shares getting traded. Post opening the session at $6.84, the shares hit an intraday low of $6.56 and an intraday high of $6.97 and the price vacillated in this range throughout the day. The company has a market cap of $26.94 billion and the numbers of outstanding shares have been calculated to be 3.98 billion shares.
Sprint Corp (S) announced that three wholly owned special purpose subsidiaries (the “Issuers”) have commenced an offer of up to $3.5 billion of wireless spectrum-backed notes in three series with varying maturities (the “Notes”) in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).
The Issuers’ directly owned subsidiaries will acquire a portfolio of FCC licenses and a small number of third-party leased license agreements (the “Spectrum Portfolio”) from subsidiaries of Sprint, which comprise a portion of Sprint’s 2.5GHz and 1.9GHz spectrum holdings, representing approximately 14 percent of Sprint’s total spectrum holdings on a MHz-pops basis.