Reverse splits have not worked out well for many companies that have used them in the past. Sun Microsystems, for instance, did a 1-for-4 reverse stock split back in November 2007, but after just a year, the shares had fallen 85% before bouncing in the wake of Oracle's (Nasdaq: ORCL) takeover of the tech giant. Even after paying a premium to the then-prevailing share price, longtime Sun shareholders didn't come close to recouping their losses.
Qualcomm (NASDAQ:QCOM) announced a handful of modems aimed at the Internet of Things (IoT) market at the beginning of this year, and this week the company proved how well they're doing. The company said the Snapdragon X5 (9x07) and MDM9207-1 modems have received 100 design wins from more than 60 original equipment manufacturers.
The two modems vary in their uses, with the X5 aimed at both mobile broadband and IoT devices. The modem can handle download speeds up to 150 Mbps, which is much higher than most IoT devices will need. Meanwhile, the MDM9207-1 has a maximum download speed of 10 Mbps and a power-save mode that enables it work for up to 10 years off just two AA batteries. That's a very important feature, as wide-scale IoT devices will need to last for years to be effectively deployed.
Qualcomm sees its MDM92070-1 modem being used in smart-city applications. "These uses include smart energy and metering, building security, infrastructure, industrial control and automation, retail point-of-sale, asset tracking, medical, lighting, and aftermarket telematics," the company said in a press release. Both of the modems have Linux OS support, an ARM Holdings-based Cortex A7 processor, integrated support for Qualcomm VIVE 802.11ac Wi-Fi with MU-MIMO technology, Bluetooth 4.2, Bluetooth Low Energy, and an integrated global navigation satellite system.
Qualcomm's no stranger to creating superior modems that are used across a broad spectrum of devices, so why are these modems so significant? Because Qualcomm is increasingly focusing its attention on earning more IoT revenue.
Even if a Reverse Stock Split is effected, it may not result in the intended benefits described above, including compliance with the Bid Price Rule, and the market price of our Common Stock may not increase following the Reverse Stock Split or even if it does, the market price of our Common Stock may decrease in the future. Additionally, the market price per share of our Common Stock after the Reverse Stock Split may not increase in proportion to the reduction in the number of shares of our Common Stock outstanding before the Reverse Stock Split. Accordingly, the total market capitalization of our Common Stock after the Reverse Stock Split may be lower than the total market capitalization before the Reverse Stock Split.
be_accurate • 2 hours 57 minutes ago
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Near 10% Rise - Stock Soaring Today Just As Expected And Accurately Forecast
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
To be held on August 15, 2016
To the Stockholders of Smith Micro Software, Inc.:
A Special Meeting of Stockholders (“Special Meeting”) of Smith Micro Software, Inc., a Delaware corporation (the “ Company ” or “ Smith Micro ”), will be held at our offices located at 51 Columbia, Aliso Viejo, California 92656, on August 15, 2016, at 10:00 a.m., Pacific Time. At the Special Meeting, stockholders will be asked to approve an amendment to the Company’s Certificate of Incorporation to effect a reverse split of our Common Stock at a ratio of one (1) share for every three (3) shares issued and outstanding.
The meeting may be adjourned from time to time by the chairman of the meeting or the holders of a majority of the voting power of the issued and outstanding stock present in person or represented by proxy. At any reconvened meeting, action with respect to the matters specified in this notice may be taken without further notice to stockholders, unless required by applicable law or the Bylaws of the Company.
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
5/13/2016 69,492 47,754 1.455208
4/29/2016 40,620 71,255 1.000000
4/15/2016 125,872 31,482 3.998221
Qualcomm, which has been the exclusive provider of LTE modems in iPhones for over three years, its X12 modem is a likely candidate for LTE and Wi-Fi connectivity on iPhone 7.
Qualcomm's X12 chipsets, announced in September 2015, feature theoretical LTE category 12 download speeds up to 600 Mbps and LTE category 13 upload speeds up to 150 Mbps. The lineup, including the MDM9x45 and MDM9x40 chipsets, also support LTE Advanced carrier aggregation, 4x4 MIMO, LTE-U small cells, and automatic LTE and Wi-Fi switching.
LTE Advanced enables data transfer between multiple cell towers to allow for higher data rates with lower latency across the network, translating to faster speeds for browsing the web, downloading apps, streaming video, and other data-related tasks.
Damn, DTD.. Apparently I didn't get the Memo ! Sorry about that.
If Your on Yahoo, pull up the Historical Prices info and input Jan 2016 to the current date. The start date will be Jan 8,2016. Look at Tuesdays specifically and follow it all the way forward. You will see the dumping pattern
based on above average Volume. Some Mondays were also included. But it was Tuesdays for sure. I have watched it occur and I knew the Insti's were heading for the EXIT's ! Just a little insight as to how REAL
INVESTORS operate !
Crim, I heard that Nectar Island is also located in The Pinocchio Triangle.... It is just East of the Island of
Shiffer.....Inhabitants there are said to have very unusual Brains. Think about it !