Tech Business Review: Government Loves Google, ACI Wordwide and S1 Escape
ACI Worldwide, Inc. (NASDAQ:ACIW) and S1 (NASDAQ:SONE) announced that the U.S. Department of Justice has informed them that the DOJ is closing its investigation in connection with the proposed acquisition of S1 by ACI. As previously announced, the expiration date of ACI’s exchange offer for all of S1’s outstanding common shares is 5:00 p.m., Eastern time, on Friday, February 10.
ACIW shares recently traded at $35.37, up $3.88, or 12.32%.
Corning Inc. (NYSE:GLW): James B. Flaws, vice chairman and CFO says “As a company, we are approaching a lower level of profitability driven by LCD glass price declines. We expect these to moderate as glass capacity and demand come into balance. Our plan is to march up from this level with increased sales and profits, reaching $10B in sales in 2014. He says that while Corning LCD glass sales are likely to be flat through 2014, the business will remain highly profitable and continue to generate large amounts of cash.”
Google (NASDAQ:GOOG): The U.S. government has decided to modify smartphones running Google’s Android operating system, in order to enable them to handle classified government documents over cellular networks, according to CNN, which cited unnamed sources The devices will first be given to U.S. soldiers, and then to federal workers, the news outlet said.
Zoltek Companies Inc. (NASDAQ:ZOLT) CEO Zsolt Rumy commented: “We estimate that this large turbine segment of wind energy generation will increase at an annual rate of 15-25% for the next decade or more. These positive market fundamentals should enable us to maintain and build upon their leadership position as the primary supplier of carbon fiber to producers of wind turbines.”
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