For the week ended September 6th, 2008,
TIBCO (TIBX) announced completion of their acquisition of Insightful Corporation
Siliconware Precision Industries (SPIL) reported quarterly profit of $0.13US per ADR for the second quarter of 2008. Sales and earnings were up 6.2% vs. the first quarter of 2008, including an increase in gross margin to 20.7%.
Oracle (ORCL) added another acquisition to its product portfolio & operations when it agreed to buy ClearApp for an undisclosed amount.
See: presentation & FAQ
Oracle VP Leng Tan had the following to say:
“As customers deploy more SOA-based applications, the task of effectively managing them becomes paramount. Oracle is focused on delivering the best solutions for managing such complex application environments by delivering solutions for end-user experience management, business services and application performance management, as well as application testing and quality management. With the addition of ClearApp’s technology to the Oracle Enterprise Manager product family, our customers are expected to get continuous and uninterrupted top-down views of their business services and applications, helping them maximize service availability while reducing IT operations costs.”
Nokia (NOK) lowered its Q3 mobile device market share outlook on concerns over weakness in consumer confidence in numerous global markets.
Ingersoll-Rand (IR) took an opportunity to publicly announce its USDA tested and FDA compliant EMS (Environment Management System) that includes a suite of product solutions for customers in the food manufacturing industry. With recent North American concerns over food recalls & food safety, Ingersoll-Rand is well positioned to attract an increase in business from established and new customers.
In a move anticipated to help grow and retain assets under management, Canadian mutual fund company AGF Management (AGF.B) is launching an innovative online program available 24/7 called Changing Risk. The program is designed to assist financial advisors to better manage risk for clients and goes along with established programs at AGF under its Sound Choices Program.
BBVA (BBV) announced completion of its conversion of Second U.S. Subsidiary Bank to Compass Bank and its intention to complete its U.S. integration plan with the conversion of Laredo National Bank in November.
Coca-Cola (KO) is offering to buy Chinese juice company Huiyuan Juice Group Limited for $2.4B. While Coke has been operating within China since 1979 this acquisition is likely to help expand logistical operations, supply chain management and compliment existing sales channels for the company.
High gas prices and global demand continue to help Daimler AG (DAI) with their annual sales helped in large part to strong demand for the smart fortwo vehicles.
Exelon (EXC) announced its intention to buyback up to $1.5B worth of common stock and adjusted 2008 EPS guidance to $4.15-$4.30 per share.
Kimberly Clark’s (KMB) Kotex brand announced a partnership with Dot Girl First Period Products to offer educational content on the Dot Girl website.
Walmart (WMT) continues to highly target product offerings to customers by giving details about its’ plans to bring the Walmart Smart Network to 2700 stores across the US.
Whirlpool (WHR) is boasting its industry leading number of energy efficiency products and was named one of the “Best Places to Launch a Career” by Businessweek magazine.