Technology Sector Review: Diebold Revenue Up, Apple Audits
KVH Industries, Inc. (NASDAQ:KVHI): Looking ahead to 2012, Mr. Spratt said, “We intend to continue to execute our aggressive strategic plans for long-term growth, with primary emphasis on our mobile broadband products and services, fiber optic gyro and leisure maritime products. With these as major drivers, based on the information currently available to us, we anticipate that our total sales will more than double over the next four-to-five years, and our operating margins will expand to 15% or greater over that period.
The shares closed at $9.02, down $0.88, or 8.89%, on the day. Its market capitalization is $130.79 million.
Universal Display Corp. (NASDAQ:PANL): LCD monitor shipments from the top-10 brand vendors and system integrators experienced declines in Q4 and shipments are expected to continue to decline between 3%-5% on quarter and 3% on year in Q1, before experiencing a turnaround in February or March 2012, according to WitsView, reported DigiTimes.
The shares closed at $42.95, down $2.51, or 5.52%, on the day. Its market capitalization is $1.98 billion.
Apple Inc. (NASDAQ:AAPL) announced that the Fair Labor Association will conduct special voluntary audits of Apple’s final assembly suppliers, including Foxconn factories in Shenzhen and Chengdu, China, at Apple’s request. As part of its independent assessment, the FLA will interview thousands of employees about working and living conditions including health and safety, compensation, working hours and communication with management. The FLA’s team will inspect manufacturing areas, dormitories and other facilities, and will conduct an extensive review of documents related to procedures at all stages of employment. Apple’s suppliers have pledged full cooperation with the FLA.
The shares closed at $502.60, up $9.18, or 1.86%, on the day. Its market capitalization is $468.61 billion.
Microsoft Corporation (NASDAQ:MSFT): General Electric (NYSE:GE), through its healthcare IT business, and Microsoft (NASDAQ:MSFT) announced several developments for their planned 50-50 joint venture, including the intention to demonstrate future product capabilities at HIMSS12, the year’s largest healthcare IT trade show, later this month. The new company, to be named Caradigm, is expected to launch in 1H of 2012, pending regulatory approvals and customary closing conditions. Caradigm will be aimed at driving a paradigm shift in the delivery of care by enabling health systems and professionals to use real-time, systemwide intelligence to improve healthcare quality and the patient experience. Upon formation, the new company will develop and market an open, interoperable technology platform and collaborative clinical applications focused on enabling better population health management to improve outcomes and the economics of health and wellness.
The shares closed at $30.58, up $0.08, or 0.28%, on the day. Its market capitalization is $256.59 billion.
Cisco Systems, Inc. (NASDAQ:CSCO) announced that Virgin Media (NASDAQ:VMED) is deploying Cisco Quad, Cisco WebEx and Cisco Unified Communications to its people. The solutions are being rolled out as part of Virgin Media’s Flexible Working Initiative and will enable thousands of employees to collaborate and work remotely with video calls and shared documents, all easily accessible via PCs, laptops, tablets and mobile phones.
The shares closed at $20.03, up $0.14, or 0.68%, on the day. Its market capitalization is $107.68 billion.
Diebold Incorporated (NYSE:DBD): Sees 2012 total revenue up 3%-6%. Consensus: $2.89B
The shares closed at $37.94, up $3.19, or 9.18%, on the day. Its market capitalization is $2.38 billion.
Nam Tai Electronics, Inc. (NYSE:NTE): Reports Q4 revenue $145.3M vs. consensus $145.20M
The shares closed at $5.82, down $0.84, or 12.61%, on the day. Its market capitalization is $260.76 million.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
To contact the reporter on this story: Stella Mariz at email@example.com
To contact the editor responsible for this story: Damien Hoffman at firstname.lastname@example.org