Logitech Delivers Record Q2 Retail Revenue, Up 14%

NEWARK, Calif. & LAUSANNE, Switzerland -- Logitech International (LOGN.SW) (LOGI) today announced financial results for the second quarter of Fiscal Year 2017.
 
Q2 sales were $564 million, up 9 percent compared to Q2 of the prior year. Q2 retail sales grew 14 percent, reaching a record level for Q2.
Q2 GAAP operating income was $53 million compared to $37 million a year ago. Q2 GAAP earnings per share (EPS) from continuing operations were $0.28 compared to $0.18 a year ago.
Q2 non-GAAP operating income was $65 million compared to $47 million a year ago, with non-GAAP EPS of $0.35 compared to $0.25 a year ago.
Q2 cash flow from operations was $74 million compared to $11 million a year ago.
Read more: Logitech International ( LOGI )

Socket Mobile Reports Growth in Revenue and Profits for the Third Quarter and Nine Months ended September 30, 2016

NEWARK, Calif., Oct. 25, 2016 -- Socket Mobile, Inc. (SCKT), a leading innovator of data capture and delivery solutions for enhanced productivity, today reported financial results for its 2016 third quarter and nine months ended September 30, 2016.
 
Revenue for the third quarter of 2016 was $5.1 million, an increase of 13 percent compared to revenue of $4.5 million for the same quarter a year ago and a decrease of 2 percent compared to revenue of $5.2 million in the immediately preceding quarter. Net income for the third quarter of 2016 was $669,000, or $0.11 per share, compared to net income of $530,000, or $0.10 per share, in the third quarter of 2015 and net income of $517,000, or $0.09 per share, in the immediately preceding quarter.  On a fully diluted basis, net income per share for the third quarter of 2016 was $0.10 per share compared to net income per share of $0.09 for the same quarter a year ago and $0.07 per share in the immediately preceding quarter. 
Read more: Socket Mobile Inc ( SCKT )

j2 Global, Inc.’s Ziff Davis Announces Agreement to Acquire Everyday Health

NEW YORK -- j2 Global, Inc. and Ziff Davis, LLC, a leading digital media company in the technology, gaming and lifestyle categories, today announced that Ziff Davis has entered into a definitive merger agreement to acquire Everyday Health, Inc. (EVDY), a leading provider of digital health marketing and communications solutions. Under the terms of the agreement, Ziff Davis will acquire Everyday Health for $10.50 per share in cash, representing an approximate enterprise value of $465 million. Ziff Davis comprises the Digital Media Division of j2 Global, Inc.
Read more: Everyday Health Inc ( EVDY )

AMD Details Radeon(TM) Pro Pipeline for Cinematic VR Content, New Collaborations to Bring Premium VR Experiences out of Home

LOS ANGELES, CA--( Oct 14, 2016) - AMD ( NASDAQ : AMD ) today outlined powerful new solutions to two of the largest issues facing professional VR content creators today: how to create compelling VR content that approaches cinematic fidelity, and how to maximize that content's viewership. In the opening keynote at VR on the Lot, a two-day summit bringing together the top players in media, entertainment and technology, AMD detailed innovative Radeon™ Pro technologies designed to fuel the creation of real-time photorealistic VR content, and announced collaborations to facilitate the distribution of premium VR content to out-of-home experiences around the world.
Read more: AMD ( AMD )

VirnetX Awarded $302.4 Million Verdict Against Apple

ZEPHYR COVE, Nev., Oct. 3, 2016  -- VirnetX™ Holding Corporation (NYSE MKT: VHC), an Internet security software and technology company, announced today that on September 31, 2016, a Jury in the United States Court for the Eastern District of Texas, Tyler Division, in the case VirnetX Inc., et al. v. Apple Inc., No. 6:10-cv-00417-RWS ("Apple I"), has awarded VirnetX $302.4 million in a verdict against Apple Corporation for infringing four VirnetX patents, marking the third time a federal jury has found Apple liable for infringing VirnetX's patented technology.
 
The verdict includes royalties awarded to VirnetX, for unresolved issues in the Apple I case, remanded back from the United States Court of Appeals for the Federal Circuit ("USCAFC"), related to (1) damages owed to VirnetX for infringement by Apple's original VPN-on-Demand (VOD) and (2) the alleged infringement by Apple's original FaceTime product, under the new claim construction of "secure communication link" pertaining to the '504 and '211 patents by the USCAFC, and the damages associated with that infringement.
Read more: VirnetX Holding Corporation ( VHC )

Videos / Webinars

View all videos