Boeing Pitches P-8 to Britain, Vodafone Germany Gets Hacked, and 3 More Hot Stocks
Boeing Co. (NYSE:BA): Boeing believes that it has a patrol aircraft that’s a “natural fit” for the U.K.’s need to strengthen its submarine hunting program, and is trying to sell the P-8, based on the 737, which is already in service in the U.S. and India. The U.K. is in fact in need of a maritime patrol aircraft after it canceled the BAE Systems Plc (BA/) Nimrod MRA4 program in its 2010 defense review after years of delay and cost overruns.
Vodafone (NASDAQ:VOD): A hacker has stolen the personal information of 2 million or so Vodafone Germany customers in what is the latest cyber-attack on a major corporation. Although the perpetrator made off with names, addresses, dates of birth, gender, sort codes, and account numbers, they were unable to access credit card information, passwords, PIN numbers, mobile phone numbers or data connections. The incident has been isolated in only one country.
Cisco Systems (NASDAQ:CSCO): Cisco contends that its nPower X1 network processor can offer 400Gbps of throughput, and says the unit was “purpose-built” for software-defined networking, machine-driven events and ultra-high-definition video applications. The X1 also “enables solutions with eight times the throughput and one quarter the power per bit compared with Cisco’s previous industry-leading network processor.”
Vera Bradley (NASDAQ:VRA): Vera Bradley shares have been oscillating since Wednesday night’s release of its quarterly reports, which although presented beats for both earnings and revenue, also offered weaker-than-expected guidance. ”Our product offering underperformed in the midst of an uncertain consumer environment, which affected traffic in our retail stores. [We] continue to have a cautious outlook for the remainder of the year,” said CEO Michael Ray.
Glu Mobile Inc. (NASDAQ:GLUU): Glu is selling 6.3 million shares at $2.10, well below Wednesday’s closing price of $2.41 and not far off from the company’s 52-week low of $1.99. Underwriters have a 945,000-share over-allotment option, and the company is expected to net about $12.1 million.