DOE Awards $4.5 Million to Supercondcutor Technology Inc. and Partners to Improve HTS Wire for Next Generation Machines

AUSTIN, Texas, Nov. 29, 2016 -- Superconductor Technologies Inc. (STI) (SCON) has been selected as prime recipient of the $4.5 million program award provided by the U.S. Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE), on behalf of the Advanced Manufacturing Office, for its Next Generation Electric Machines (NGEM) program. Collaborating with STI is TECO-Westinghouse Motor Company (TWMC), an industry leading manufacturer of electric generators and motors, and renowned academic institutions Massachusetts Institute of Technology (MIT) and University of North Texas (UNT).  The combined team will focus on improving the manufacturing process of superconductive wires to improve performance and yield while reducing cost at high enough temperatures where nitrogen can be used as the cryogenic fluid.
Read more: Superconductor Technologies ( SCON )

Dataram Corporation Finalizes Agreement to Acquire U.S. Gold Corp.

PRINCETON, N.J., Nov. 29, 2016 -- Dataram Corporation (DRAM), an independent manufacturer of memory products and provider of performance solutions, today announced that it had finalized and filed the third and final amendment to its definitive agreement with U.S. Gold Corp. ("USGC"), a U.S. focused gold exploration and development company.  Under the agreement, Dataram will acquire all of the outstanding shares of U.S. Gold Corp. and USGC subsidiaries.  The original agreement was entered into in June 2016 and has been subsequently amended to reflect the successful capital raise by U.S. Gold, the Series D issuance by Dataram and also, the impact of the reverse split.  The agreement was filed with the Securities and Exchange Commission (SEC) and can be reviewed at www.sec.gov.
 
The Companies are working to finalize the preliminary S-4/Proxy, which they intend to file with NASDAQ in December 2016.  Once the NASDAQ review is completed, the Dataram will file a definitive S-4/Proxy and will formally present the merger and associated consideration to the shareholders in early 2017 review and approval.
Read more: Dataram Corporation ( DRAM )

MACOM Announces Definitive Agreement to Acquire AppliedMicro

LOWELL, Mass.-- MACOM Technology Solutions Holdings, Inc. (MTSI) (“MACOM”), a leading supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products, today announced it has entered into a definitive agreement to acquire Applied Micro Circuits Corporation (AMCC) (“AppliedMicro”), a global leader in Connectivity and Computing solutions for next-generation cloud infrastructure and Data Centers, for approximately $8.36 per share, consisting of $3.25 in cash and 0.1089 MACOM shares per share of AppliedMicro. This price for each share of AppliedMicro represented a 15.4% premium over the company’s closing price of $7.25 on Friday, November 18th. MACOM intends to divest the well-positioned but non-strategic Compute business within the first 100 days of closing.
Read more: Applied Micro Circuits Corporation ( AMCC )

Marvell Technology Group Ltd. Announces $1 Billion Share Repurchase Plan; Declares Quarterly Dividend Payment

SANTA CLARA, Calif., Nov. 17, 2016 -- Marvell Technology Group Ltd. (MRVL), a leader in storage, networking, and connectivity semiconductor solutions, today announced that the Board of Directors has authorized a $1 billion share buyback program.  This newly authorized stock repurchase program replaces in its entirety the prior $3.25 billion stock repurchase program, which had approximately $115 million of repurchase authority remaining.  The Company currently intends to repurchase approximately $500 million worth of shares over the next 12 months.
 
Under the program authorized by its Board of Directors, Marvell may repurchase shares in open-market purchases or through privately negotiated transactions. The extent to which Marvell repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations, as determined by Marvell's management team. The repurchase program may be suspended or discontinued at any time.
Read more: Marvell Technology Group Ltd ( MRVL )

Superconductor Technologies Reports 2016 Third Quarter Results

AUSTIN, Texas, Nov. 10, 2016  -- Superconductor Technologies Inc. (STI) (SCON) reported financial results for the quarter ended Oct.1, 2016.
 
“In the third quarter, STI’s HTS wire program focused on demonstrating our market leading critical current performance when using our strengthened wire template,” stated Jeff Quiram, STI’s president and chief executive officer. “We significantly improved our Conductus® wire performance during the quarter, attaining approximately 80% of our goal while maintaining our target properties for mechanical strength. Once the full specification is achieved, we plan to ship wire promptly to key customers to complete existing qualification orders.
Read more: Superconductor Technologies ( SCON )

Videos / Webinars

View all videos

Pepperstone | Metatrader 4 Forex Broker