Company News for December 16, 2011

Zacks

•    Share prices of wireless applications, CalAmp Corp. (NASDAQ:CAMP) gained 11.93% after the company said it has commenced shipping a new whole-home video and data networking product to its primary North American direct-broadcast satellite customer

•    Shares of FedEx Corp. (NYSE:FDX) advanced 8% to close at $83.47 a share after the shipment company’ income almost doubled in its second quarter

•    Lam Research Corp. (NASDAQ:LRCX) agreed to acquire Novellus systems, Inc. (NASDAQ:NVLS) in a stock-swap transaction valued around $3.3 billion. Following the announcement, shares of Novellus rallied 16.34% to end the day at $40.37

•    Japan’s Fujifilm Holdings Corp. plans to acquire ultrasound-equipment maker SonoSite, Inc. (NASDAQ:SONO) in a deal worth $955 million

•    Share prices of Nordson Corp. (NASDAQ:NDSN) fell 9.21% after the sealant maker’s first-quarter outlook came in below the Street’s expectations

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