|Bid||960.00 x 11100|
|Ask||977.33 x 10000|
|Day's Range||963.00 - 963.00|
|52 Week Range||598.35 - 985.12|
|PE Ratio (TTM)||12.56|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. In a last-minute twist to a long and highly contentious auction, Toshiba said in a late-night announcement through the exchange it agreed to sign a contract for the deal worth about 2 trillion yen ($18 billion). Late on Tuesday, sources had said Toshiba was leaning towards selling the business to its U.S. joint venture partner Western Digital Corp.
HONG KONG/SINGAPORE (Reuters) - Slowing innovation at iPhone maker Apple gives Asian rivals their best chance yet to conquer developed markets, retailers and consumers say - thanks to better designs and lower prices. Apple last week unveiled new iPhones with wireless charging, an edge-to-edge screen and dual cameras - all features already widely available in phones from China's Huawei and Oppo, and Samsung Electronics. While Apple must convince buyers to fork out nearly $1,000 for its high-end model, challengers are tilting at the luxury market, offering similar features for less money.
Goldman Sachs’s Brian Lee today reiterates a Buy rating on shares of organic light-emitting diode technology maker Universal Display (OLED), and raises his price target to $161 from $150, writing that the company’s ability to make available “blue” materials for OLED screens on phones can be a “game changer” for the company and double its revenue per phone. Universal already sells so-called emitters for the red and green color components in an OLED display, and “host" materials for green, notes Lee. Each new material boosts OLED’s revenue and its revenue per phone, he notes.