Olympus NEGOTIATES With Rivals and 4 HOT Stocks Making Noise
Even mediation by the court failed to break the ice between Apple (NASDAQ:AAPL) and Samsung’s as a meeting between their CEOs failed to make any headway towards resolution of the patent issues between the two companies. Reportedly, the value of Samsung’s standards-essential patents was a sticking point. It is possible that Apple itself may not want to license its own patents preferring instead to use them in a bruising assault on all things Android.
Don’t Miss: Apple vs. Samsung RAGES ON!
Volterra Semiconductor (NASDAQ:VLTR) pins its comprehensive Q2 miss on low orders from customers in a weak macro-economic environment; though it also announced an increase of its share repurchase program by $15 million, shares are nevertheless getting hammered.
Olympus is reportedly still in discussions with Terumo, Fujifilm and Sony (NYSE:SNE) as it explores tie-ups; according to Chairman Yasuyuki Kimoto, Sony is likely to be the winner with a 50-50 chance.
Indian software major Wipro (NYSE:WIT) delivers mostly as-expected results for its FQ1: net income at 15.8 billion rupees is up 19 percent (consensus 16 billion rupees), net sales at 106.2 billion is up 24 percent (consensus 105.9 billion rupees) while sales at the IT services business was $1.54 billion, expected to range from $1.52 billion – 1.55 billion in FQ2.