Tech Trending Hot Stocks- Taiwan Semiconductor Mfg. Co. Ltd. (TSM), Towerstream Corporation (TWER)
Shares of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) ended Tuesday session in red amid volatile trading. The shares closed down -0.55 points or -1.76% at $30.73 with 10.16 million shares getting traded. Post opening the session at $30.99, the shares hit an intraday low of $30.51 and an intraday high of $30.99 and the price vacillated in this range throughout the day. The company has a market cap of $152.66 billion and the numbers of outstanding shares have been calculated to be 25.93 billion shares.
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM) engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices. The company is also involved in manufacturing masks; and wholesaling and retailing electronic materials. In addition, it provides marketing and engineering support services; and customer service and technical support services, as well as sells electronic parts and solar related products. The company operates in Taiwan, the United States, Asia, Europe, the Middle East, Africa, and internationally. Taiwan Semiconductor Manufacturing Company Limited was founded in 1987 and is headquartered in Hsinchu, Taiwan.
Shares of Towerstream Corporation (NASDAQ:TWER) ended Tuesday session in red amid volatile trading. The shares closed down -0.04 points or -3.05% at $1.27 with 215,240 shares getting traded. Post opening the session at $1.33, the shares hit an intraday low of $1.27 and an intraday high of $1.33 and the price vacillated in this range throughout the day. The company has a market cap of $9.48 million and the numbers of outstanding shares have been calculated to be 7.64 million shares.
Towerstream Corporation (TWER) announcesd Ernie Ortega will be expanding his role with the company. Ernie will assist the company as a consultant focusing on Towerstream’s sales and marketing strategy. Ernie is formerly CRO at Cogent Communications and most recently CRO at Colt and presently is an advisor to Towerstream. He will work in the Company’s Middletown, RI corporate offices where he will work closely with Towerstream’s sales and marketing teams.
“Ernie has delivered to both Cogent and Colt meaningful and steady sales increases,” stated Philip Urso, Interim Chief Executive Officer. “He sees the opportunity for increased penetration using our massive Fixed-Wireless network above major cities in the US.”
“I have been following Fixed-Wireless closely. It is clear that it has reached parity with fiber, and is superior to fiber in cost and speed to install. I am excited about the possibilities,” stated Mr. Ortega. “I see incredible potential to penetrate existing markets and grow the company’s revenue rapidly with a speed and cost fiber just cannot match.”