Tessera Technologies to Acquire DTS

SAN JOSE, Calif. & CALABASAS, Calif. -- Tessera Technologies, Inc. (TSRA) (“Tessera” or the “company”), a leader in developing innovative imaging and semiconductor packaging and bonding technologies and DTS, Inc., (DTSI) (“DTS”) a premier audio solutions provider for mobile, home, and automotive markets, today announced that they have entered into a definitive agreement under which Tessera will acquire DTS for $42.50 per share, representing a 28% premium to DTS’s 30-day volume weighted average price as of September 19, 2016. The all-cash transaction is valued at approximately $850 million.
 
The transaction will combine market leading audio and imaging innovators with complementary products, technologies, customer channels and intellectual property assets to enable the creation of an expanded, integrated platform to invent the future of smart sight and sound.
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Net Element Named One of the Fastest-Growing Technology Companies in South Florida Business Journal's 2016 Technology Awards

MIAMI, FL--(Sep 14, 2016) - Net Element, Inc. ( NASDAQ : NETE ) ("Net Element" or the "Company"), a provider of global mobile payment technology solutions and value-added transactional services, today announced that it has joined the ranks of the South Florida Business Journal's Top 25 Fastest-Growing Technology Companies. This prestigious list recognizes the fastest growing technology companies in the region based on percentage growth over a two-year time frame.
 
All companies honored with the 2016 Technology Award will be listed in an upcoming special section of the Business Journal that will include the entire 2016 Technology Awards coverage. On October 13, 2016, list makers will be recognized at a formal cocktail reception and awards program, for more details, visithttp://www.bizjournals.com/southflorida.
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Scientific Games Positions Itself to Accelerate Growth in Its Interactive Business 

LAS VEGAS, Sept. 7, 2016  -- Scientific Games Corporation (SGMS) ("Scientific Games" or "the Company"), a leading developer of technology-based products and services and associated content for worldwide gaming, lottery and interactive markets, today announced it has designated the Company's wholly owned interactive social gaming subsidiaries, including Dragonplay Ltd. and Phantom EFX, LLC, as unrestricted subsidiaries under its debt agreements, with the goal of maximizing growth for the company. The Company will consider a range of options to solidify its leadership in this fast growing segment, including potential new joint ventures, acquisitions, IPO, and other growth options.
 
"Our industry leading investment in innovation is paying off. Following our company's third consecutive quarter of revenue growth, we see this as a perfect time to accelerate momentum and explore additional opportunities to deliver greater value from this strong and rapidly growing segment of our business," said Kevin Sheehan, CEO and President of Scientific Games.
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Harmonic Expands VOS(TM) Offerings, Driving Momentum Toward Cloud-Native Infrastructure

Featuring the Harmonic PURE Compression Engine™, VOS software unifies the media processing chain, from ingest to playout, graphics, branding, compression, packaging and delivery, for broadcast and multiscreen applications.Click here for high-resolution version
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SAN JOSE, CA--(- September 01, 2016) - Harmonic (HLIT), the worldwide leader in video delivery infrastructure, today announced that it has broadened its VOS™ software-based media processing portfolio based on the successful integration of several Thomson Video Networks' technologies. Featuring the Harmonic PURE Compression Engine™, VOS software unifies the media processing chain, from ingest to playout, graphics, branding, compression, packaging and delivery, for broadcast and multiscreen applications. VOS media processing enables pay-TV operators and broadcasters to simplify workflows, maximize flexibility and gain unprecedented operational efficiency while delivering pristine video quality on every screen.
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Daktronics, Inc. Announces First Quarter Fiscal 2017 Results

BROOKINGS, S.D., Aug. 23, 2016 (Daktronics, Inc. (DAKT) today reported fiscal 2017 first quarter net sales of $157.1 million, operating income of $8.0 million, and net income of $5.5 million, or $0.13 per diluted share, compared to net sales of $150.2 million, operating income of $6.1 million, and net income of $3.8 million, or $0.09 per diluted share, for the first quarter of fiscal 2016.  Fiscal 2017 first quarter orders were $175.2 million, compared to $165.1 million for the first quarter of fiscal 2016.  Backlog at the end of the fiscal 2017 first quarter was $197.9 million, compared with a backlog of $205.5 million a year earlier and $181.2 million at the end of the fourth quarter of fiscal 2016. 
 
Free cash flow, defined as cash provided from or used in operating activities less capital expenditures, was a positive $4.5 million for the first three months of fiscal 2017, as compared to a negative free cash flow of $17.2 million for the same period of fiscal 2016.  Net investment in property and equipment was $2.1 million for the first three months of fiscal 2017, as compared to $7.2 million for the first three months of fiscal 2016.
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