Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) ended Monday session in green amid volatile trading. The shares closed up +0.01 points or 0.15% at $6.89 with 5.26 million shares getting traded. Post opening the session at $6.78, the shares hit an intraday low of $6.76 and an intraday high of $6.90 and the price vacillated in this range throughout the day. The company has a market cap of $22.86 billion and the numbers of outstanding shares have been calculated to be 3.00 billion shares.
Telefonaktiebolaget LM Ericsson (ERIC) on September 8, 2016 announced it is working with UKTV, the country`s biggest multichannel broadcaster, to deliver the UK`s first virtualized live event broadcast.
Ericsson`s Virtualized Live Playout service will help UKTV launch and broadcast live events on its award-winning network of channels, which includes the UK`s most watched non-public service broadcasting channel, Dave.
The product will be unveiled for the first time at IBC Show (Hall 1, D61) in Amsterdam, the Netherlands.
Ericsson`s Virtualized Live Playout is an entirely software based, fully managed service that operates on a fully virtualized cloud environment. The service features a highly flexible commercial and operational model, which enables broadcasters and content owners the ability to `rent` playout or channel capacity on a daily, pay as you go basis with no long-term commitments, capex, maintenance costs or on-going technology investments.
Virtualized Live Playout is designed to carry live content and support graphics and ad insertion, and is built and operated to the same standards of reliability as traditional linear services. The service can be used for `pop up` or temporary live channels or as a disaster recovery service and is a part of Ericsson`s Virtualized Playout portfolio.
Sinead Greenaway, Director of Technology and Operations, UKTV, says: “Virtualized Live Playout is the product of a collaboration between UKTV and Ericsson to solve a real business problem – the delivery of a cost effective and flexible solution to support UKTV`s live broadcast ambitions. We are delighted to have been part of such an innovative project and look forward to the service becoming an integral part of the broadcast landscape over the coming years.”
Shares of Oracle Corporation (NYSE:ORCL) ended Monday session in green amid volatile trading. The shares closed up +0.65 points or 1.62% at $40.68 with 14.93 million shares getting traded. Post opening the session at $39.96, the shares hit an intraday low of $39.68 and an intraday high of $40.75 and the price vacillated in this range throughout the day. The company has a market cap of $164.87 billion and the numbers of outstanding shares have been calculated to be 4.12 billion shares.
Oracle Corporation (ORCL) announced that its first quarter fiscal year 2017 results will be released on Thursday, September 15th, after the close of the market. Oracle will host a conference call and live webcast at 2:00 p.m. Pacific Time to discuss the financial results. The live webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor.