Visa, Philip Morris, Seadrill, Synopsys Achieve 52-Week Stock Price Highs Feb. 29th

Visa Inc. (NYSE:V): France Telecom-Orange and Visa announced that Orange Money customers will soon have access to Visa prepaid account features inside their Orange Money accounts a significant step in bringing Visa-quality payments to consumers in developing markets. Launched in cooperation with local bank partners, the service was first introduced in 2008 and is presently available in eight countries across Africa and the Middle East. Orange plans to introduce Visa payment capability to Orange Money subscribers in select markets by the end of 2012. The shares closed at $116.37, down $2.58 or 2.17% on the day. They have traded in a 52-week range of $70.45 to $118.97.

Philip Morris (NYSE:PM): A U.S. judge ruled that a new regulation requiring large graphic health warnings for cigarette labels and ads violates free-speech rights, in a decision that favors the tobacco companies, reported Reuters. The shares closed at $83.52, down $0.34 or 0.41% on the day. They have traded in a 52-week range of $60.45 to $83.95.

Seadrill Limited (NYSE:SDRL): Reported Q4 revenue $1.059B, consensus $1.04B. The Q4 loss was a result of a non-cash impairment. The shares closed at $42.07, up $0.98 or 2.39% on the day. They have traded in a 52-week range of $24.68 to $41.56.

Synopsys (NASDAQ:SNPS): Synopsys and Arteris announced their joint analog and digital IP solutions to implement the MIPI Alliance Low Latency Interface 1.0 specification. By providing a collaborative solution that adheres to the LLI specification, Arteris and Synopsys give system-on-chip designers access to pre-tested and pre-optimized analog and digital MIPI-based IP that can reduce design cost and accelerate time to market. Arteris and Synopsys’ joint MIPI LLI IP solution is available today for select early access customers to start their design. System hardware implementing the joint solution will also be available in the second half of 2012. The shares closed at $30.47, down $0.35 or 1.14% on the day. They have traded in a 52-week range of $21.37 to $30.85.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

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