Company News for June 19, 2012

Zacks

•    Shares of InterDigital, Inc. (NASDAQ:IDCC) surged 27.1% after it accepted Intel Corporation’s (NASDAQ:INTC) offer to sell the chipmaker 1,700 wireless technology patents and applications for $375 million.

•    Buckeye Technologies Inc. (NYSE:BKI) plunged 9% after it shut down a plant in Florida following a  dryer-drum failure on Sunday which caused structural damage

•    Shares of DSW Inc. (NYSE:DSW) lost 11.3% after it lowered its earnings forecast for the current quarter as well as the full year because sales of goods at clearance price have increased.

•    Facebook Inc (NASDAQ:FB) rose 4.6% after it confirmed acquisition of facial recognition technology from Israel-based Face.com in a deal valued between $55 million to $60 million
 

Read the analyst report on IDCC

Read the analyst report on INTC

Read the analyst report on BKI

Read the analyst report on DSW

Read the analyst report on FB

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