Tech Stocks Overview! 3D Systems (DDD), QUALCOMM Inc. (QCOM)

Shares of 3D Systems Corporation (NYSE:DDD) ended Friday session in red amid volatile trading. The shares closed down -0.23 points or -1.64% at $13.76 with 2,021,804 shares getting traded. Post opening the session at $14.06, the shares hit an intraday low of $13.62 and an intraday high of $14.19 and the price vacillated in this range throughout the day. The company has a market cap of $1.52 billion and the numbers of outstanding shares have been calculated to be 112.21 million shares.

3D Systems Corporation (DDD) announced the successful spinal surgery of national sled hockey champion Mark Weimer, aided by 3D Systems’ proprietary digital manufacturing workflow for healthcare. The complicated 15-hour surgery was performed by Dr. George Frey of Mighty Oak Medical in Englewood, CO, to alleviate pain caused by nerve and spinal cord compression following previous operations. 3D Systems’ workflow was central to the success of the procedure, enabling the replication of complex patient anatomy for surgical planning, instrumentation and reference.

3D Systems supported Dr. Frey in helping Mighty Oak Medical gain clearance and bring to market its FIREFLY® Technology for pedicle screw guidance. As a partner to Mighty Oak, 3D Systems has provided expert digitization and manufacturing services, and created patient-specific anatomical models to assist with planning in and help ensure precise pedicle screw placement during Weimer’s surgery.

After a fall from construction scaffolding left Mark Weimer partially paralyzed in 1984, he adapted his life’s passions to coexist with his injury. Weimer joined a sled hockey team in 1996 and joined the U.S. National Team in 2000. Following consecutive championship victories in 2010 and 2011, Weimer retired after 15 years on the ice to take up coaching and share his love of the game with his grandsons.

Shares of QUALCOMM, Inc. (NASDAQ:QCOM) ended Friday session in red amid volatile trading. The shares closed down -1.69 points or -2.41% at $68.40 with 17.95 million shares getting traded. Post opening the session at $70.52, the shares hit an intraday low of $67.66 and an intraday high of $70.53 and the price vacillated in this range throughout the day. The company has a market cap of $98.37 billion and the numbers of outstanding shares have been calculated to be 1.47 billion shares.

QUALCOMM, Inc. (QCOM) and Lumen Australia, a leading global supplier and integrator of electrical and electronic systems, announced they have entered into a Wireless Electric Vehicle Charging (WEVC) license agreement. Lumen will include Qualcomm Halo™ WEVC technology in its product portfolio and will commercialize WEVC systems for Plug in Hybrid (PHEV) and Electric Vehicles (EV) manufacturers, as well as wireless charging infrastructure companies. The agreement enables Lumen to develop, make, and supply WEVC systems based on Qualcomm Halo WEVC technology.

Lumen is based in Asia-Pacific but represented globally through, Manufacturing, Technical and Sales divisions and supported by the Global Centre of Excellence, situated in Melbourne, Australia. A leading developer of original equipment and genuine accessory electrical and electronic systems to the automotive sector, Lumen is working on multiple WEVC production programs across several industry segments.

 

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