Company News: S, CLWR, IPGP, SNE, ERIC, DIS, RIMM, GRFS, INFY, WIT

• Sprint Nextel Corp. (NYSE:S) announced that it will cease selling phones and devices that are compatible with Clearwire Corporation’s (NASDAQ:CLWR) network at the end of this year

• A Michigan jury has discovered that IPG Photonics Corporation (NASDAQ:IPGP) which produces amplifiers and lasers has not violated patent claims of IMRA America Inc.

• Sony Corporation (NYSE:SNE) is in discussions to purchase the stake of LM Ericsson Telephone Co. (NASDAQ:ERIC) in their mobile phone joint venture

• Walt Disney Co. (NYSE:DIS) extended the contract of CEO Bob Iger’s for an additional five years through 2016

• Research In Motion Limited (NASDAQ:RIMM) has reportedly acquired NewBay Software for around $100 million

• William Blair initiated coverage on Grifols, S.A. (NASDAQ:GRFS) with an “Outperform” rating

• Barclays Capital initiated coverage on Infosys Technologies Limited (NASDAQ:INFY) with an “Outperform” rating

• Barclays Capital initiated coverage on Wipro Ltd. (NYSE:WIT) with an “Underweight” rating.

Infosys Technologies (INFY): Free Stock Analysis Report

About Zacks Investment Research 1767 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.

Visit: Zacks.com

Be the first to comment

Leave a Reply

Your email address will not be published.


*