Shares of Cisco Systems (CSCO) were slightly up in pre-market trading on Tuesday after a U.S. Court of Appeals for the Federal Circuit ruled on Monday that the tech giant did not infringe a patent holding company’s Wi-Fi technology, reversing a near $64 million judgment against it.
Shares of Amazon.com, Inc. (AMZN) are up this morning on news the e-commerce giant is planning to expand its UK delivery service in 2016.
AMZN gained $2.29 to $677.49 in pre-market trade, moving within a 52-week range of $285.25 to $684.82. The name is valued at $316.51 billion.
Expedia Inc. (EXPE) – ChinaDaily reports the international traveling company is looking to expand its presence in China. Expedia said it “sees massive opportunities in China, not only in terms of inbound as well as outbound Chinese tourists but overseas travelers visiting the country.”
Pep Boys (PBY) — Activist investor Carl Icahn raised his bid for the automotive parts and repair chain to $18.50 a share, valuing the company at $1 billion. Ichan’s offer surpasses Bridgestone’s PBY bid of $17 per share.
Pep Boys closed at $17.41 on Monday, and shares were up 6.84% at $18.60 in early morning trading on Tuesday.
Shares of GoPro, Inc. (GPRO) are up $0.25, or 1.40%, at $18.17 in pre-market hours. Techcrunch yesterday reported that GoPro acquired autonomous drone technology firm “Skybotix” in Setpember, a small co. of five engineers coming from the Swiss Federal Institute of Technology in Zürich.