Shares of Square Inc (NYSE:SQ) ended Friday session in green amid volatile trading. The shares closed up +0.15 points or 1.28% at $11.83 with 2,781,586 shares getting traded. Post opening the session at $11.74, the shares hit an intraday low of $11.55 and an intraday high of $11.94 and the price vacillated in this range throughout the day. The company has a market cap of $4.10 billion and the numbers of outstanding shares have been calculated to be 123.75 million shares.
On August 10, 2016 Square (SQ) and Upserve announced a partnership providing Upserve customers access to fast, flexible, and straightforward funding for their restaurants through Square Capital. This is the first time loans through Square Capital will be available to businesses that operate outside of Square’s payment processing ecosystem. Working with Upserve, Square will apply its innovative machine learning models to enable Upserve customers to select loan offers through Square Capital within their existing suite of Upserve software purpose built for restaurateurs.
“This partnership with Square further cements our dedication to helping restaurants thrive in all parts of their business. Providing our customers access to Square Capital opens up new opportunities for improvement and growth whether it be in location expansion, new equipment, or investments in technology that help modernize their operations. We can’t wait to see what our customers will do with an infusion of fresh capital through our partnership,” said Dave Hoffman, VP of Business Development at Upserve.
“We are proud to partner with Upserve and offer loans through Square Capital to even more small businesses who traditionally face barriers when seeking access to funds,” said Jacqueline Reses, Head of Square Capital. “Square and Upserve share a passion for empowering businesses to grow and achieve their goals, and a crucial component to success is access to capital.”
Access to capital is one of the biggest hurdles in making business growth a reality, with more than one-third (39 percent) of small businesses that apply for loans being denied or only partially funded. In the U.S., there are over 1 million restaurant locations of which 9 in 10 have fewer than 50 employees, and 7 in 10 are single-unit operations. With the current restaurant workforce making up 10 percent of the overall U.S. workforce and 1.7 million more restaurant jobs expected by 2026, providing access to capital can help drive forward growth and expansion of an industry that generates more than $780 billion in sales annually.
Shares of Lattice Semiconductor (NASDAQ:LSCC) ended Friday session in red amid volatile trading. The shares closed down -0.06 points or -0.92% at $6.45 with 2,733,762 shares getting traded. Post opening the session at $6.48, the shares hit an intraday low of $6.42 and an intraday high of $6.53 and the price vacillated in this range throughout the day. The company has a market cap of $769.13 million and the numbers of outstanding shares have been calculated to be 120.35 million shares.
Lattice Semiconductor (LSCC) on September 21, 2016 announced that its SiBEAM® 60 GHz wireless technology has been designed into Epson’s PowerLite Home Cinema 5040UBe 3LCD projector, the industry’s first wireless projector with 4K* support for the consumer and enterprise markets. Epson’s flagship projector allows consumers to connect a range of home entertainment products that are paired with a transmitter to wirelessly stream 4K and high dynamic range (HDR) content.
Lattice’s SiBEAM technology provides a high bandwidth, wireless audio/video interface compatible with the HDMI® standard for in-room applications. As the third generation of Epson’s projectors to incorporate Lattice’s technology, this latest design win underscores Lattice’s long-term partnership with the world’s number 1 projector company.
Key advantages of 60 GHz wireless technology include:
- Visually lossless and near-zero latency 4K ultra-high definition (UHD) video transmission.
- Support for high dynamic range (HDR) visual content.
- Free from 2.4GHz and 5GHz Wi-Fi signal interference.
- Seamless and easy installation process in the home or enterprise environment.
- Supports latest HDCP 2.2 for the secure distribution of content.
“Eliminating the inconvenience of running long wires for high-bandwidth 4K video transmission solves a key consumer pain point,” said Cheng Hwee Chee, senior director of consumer marketing at Lattice Semiconductor. “60 GHz wireless technology delivers a robust, cable-like experience that is free from Wi-Fi interference to enable a seamless, high quality video connectivity solution. This is validated by Epson’s continued integration of our SiBEAM 60 GHz technology as a key differentiator for its new line of projectors.”