the Dow deal was a rumor. The company never substantiated it. I was look for 15c, got 12c.
If they want a buyback, then why not tender for 100M shares and be done with it? $1.5B over 2 years is really not worth it. All it does is absorb insider restricted shares and options with maybe a small 2% decrease in the share count.
American is deploying their 3rd hub ($500K). Some unnamed airline (United?) has a $7M announced deal. The unnamed airline had a pilot and news of 7 additional hubs, one possibly in this current quarter.
It is entirely possible AvRamp could contribute $8M+ next year or about 18% of all sales this year.
I guess this wasn't clear in first read, this PR was referring to American Airlines and is in ADDITION to the $7M contract. The $7M is some other airline.
I had always thought American had 5 hubs deployed. This is only the 3rd? We hired Larry T almost 3 years ago from American and he has only been able to get one additional hub? And it took a collapse in oil to get in done? In other words, external events caused it to happen, nothing the sales team did.
so revenue was less than $100M. This looks like a small deal.
NEW YORK (TheStreet) -- Cantor Fitzgerald maintained its "hold" rating on Corning (GLW) with a price target of $18, claiming the company will "modestly" enhance its position in Asia with the acquisition of Samsung's fiber optics business.
This morning, the New York-based technology company announced plans to acquire Samsung Electronics' (SSNLF) fiber optics business for an undisclosed amount in a transaction expected to be completed by the end of the first quarter of 2015, according to analysts.
"We estimate this business is approximately 7% to 8% the revenue size of Corning's optical communications business, and thus relatively small, but we anticipate the transaction to be modestly accretive to Corning's EPS in 2015," analysts said.
anyone know what the revenue is for the Samsung division? I am think small as Corning has 54% market share and 3M is #2. Corning does about $1.1B in revenue in fiber
so maybe Samsung was $100M-$200M?
GLW's optics division is 30% of revenue and 28% of profits. With one less competitor, maybe they raise prices for their product
raises Club fees $20/yr at 2 lowest tiers and $50/yr at 2 highest tiers. Also raises some grading fees and lowers a fee to entice submitters to submit at higher levels. Company has over 15K Club members. Existing Club members who continue with annual renewal will keep old fee rate
Samsung Electronics exits fibre optics amid sharper focus on reviving smartphones
* US glass maker Corning buys business, terms not disclosed
SEOUL, Dec 2 (Reuters) - Samsung Electronics Co Ltd agreed to sell its fibre optics operations to U.S. specialty glass maker Corning Inc, exiting another non-core business to focus on shoring up underperforming key areas like smartphones.
Terms of the sale, including plants in China and South Korea, weren't disclosed. Announced by both parties on Tuesday, the South Korean firm's second exit from a business line this quarter comes as it braces for its lowest annual profit in three years, squeezed by stiff competition
airline agrees to 3rd airport
so they did the pilot and an additional airport, now agree to a 3rd airport. With oil so low, they should do all their hubs now. That $7M+ will be fully realized
Nov finished with 155,699 coins, 4K more than last year.
Through 2 months coins are down almost 40K, cards are up 10K.
So the shortfall is not as bad as feared but there is no growth. PE is high for no growth. On days when US is closed, it does not appear China submissions are growing either.
I will have preliminary numbers on the 21st
You would think trucking and airlines would be flush with cash right now and would use that money to lower costs even further while they have the money.
I suppose it hurts the car rental model, so again, rental car seems dead.