CORAL GABLES, FL / ACCESSWIRE / January 11, 2019 / The future of the tech industry is predicated on the belief that engineers and scientists are prepared to meet the challenges of our changing planet with innovative approaches to solving the world's most complicated issues. From what we've seen thus far in the first week of the new year is that investor interest is largely focused on the tech sector. As time progresses, life presents us with more obstacles to overcome, creating opportunity for companies to meet the demands of these hurdles. With the advent of artificial intelligence, big data, vehicle automation, and a plethora of other futuristic developments coming out of the space, it makes sense that investors are interested in the development of companies from the multi-billion dollar industry, and as a result of these favorable opinions, tech stocks may see gains as a result of this industry gaining favorable market opinion. XSport Global, Inc. (XSPT), Glu Mobile Inc (GLUU), Infosys Limited (INFY), and Himax Technologies Inc (HIMX) are 4 tech stocks that are raising eyebrows on Friday.
XSport Global, Inc. (XSPT) is a company that is leading the cognitive assessment technology industry as they seek to further the success of high-performance athletes around the world through "leading sciences, innovative technologies, and pioneering digital media."
In late-November 2018, XSport Global, Inc. (XSPT) announced their rapid development of FitLinkDNA, a service designed to help athletes train, compete, and perform at their full capacity. Per the announcement, the service will include a set of comprehensive digital reports that will become the athletes' digital blueprint - allowing them to develop a tailored, personalized, wellness regimen.
Robert Finigan, CEO of XSport Global, Inc. (XSPT), said, "Decoding the human genome is one of the most significant undertakings that has ever been mounted in the history of science. DNA sequencing has revolutionized our understanding of the human genome and provided insights that were beyond comprehension just ten years ago. By taking it a step further and using that knowledge to provide real solutions to genetic level problems, the Company is working to monetize advanced technology and its applications in one of the most high-growth, highest-grossing global industries ever."
Glu Mobile Inc (GLUU), a leading developer and publisher of mobile sports games, announced their financial results for the Company's third quarter in early November. In addition to this update, the Company also provided an outlook for its financial performance headed into the new year.
At the time of the announcement, Nick Earl, Chief Operating Officer and Chief Financial Officer, said, "Our strong top line marks our seventh consecutive quarter of reporting improved year over year bookings growth. This accomplishment reflects our decision to pivot away from celebrity titles and focus our resources on Growth games that can grow bookings year over year while generating sustainable profitability and free cash flow. These improved financial results and our increased outlook for the full year put us on track for a record 2018 in terms of bookings, adjusted EBITDA profitability and free cash flow. We believe we remain on track to reach our long-term financial goals and are excited about our future."
Infosys Limited (INFY) saw its shares climb 5.47% in afternoon trading on Friday, with shares trading just above $10.41. These impressive gains may be connected to the Company's announcement today that its Q3 results for the quarter which ended December 31, 2018, were now made available to shareholders and others in the space.
Pravin Rao, Chief Operating Officer of Infosys, commented, "Volume growth was strong and revenue productivity was stable despite Q3 being a seasonally weak quarter. We had good growth across geographies and large business segments. Attrition declined during the quarter and we are continuing on the path of increased interventions and employee engagements to reduce it further."
Himax Technologies, Inc (HIMX), a leading supplier and manufacturer of display drivers and other semiconductor products, announced at the tail-end of November that its Chairman, Dr. Biing-Seng Wu intended to use his personal funds to purchase up to $5 million of the Company's American Depositary Shares in the open market, subject to market conditions and other factors.
Per the details in the official press release, Dr. Biing-Seng Wu's share purchase plan will be executed in accordance with the manner, timing, price and volume conditions of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The share purchase plan demonstrates the management's tremendous confidence in the Company's long-term prospects.
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Pursuant to an agreement between MIDAM VENTURES, LLC an affiliate of JSG COMMUNICATIONS LLC and XSport Global, Inc. we were hired for a period from 11/4/2018 –2/4/2019 to publicly disseminate information about XSport Global, Inc. including on the Website and other media including Facebook and Twitter. We were paid $50,000 ( CASH) for & were paid "0" shares of restricted common shares. We own zero shares of XSport Global, Inc., which we purchased in the open market. We may buy or sell additional shares of XSport Global, Inc. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. Please click here for full disclaimer.