Vringo, Taiwan Semi, Towerstream, Textron Top 52-Week Stock Price Highs Monday
Vringo (AMEX:VRNG): In a posting to TechCrunch over the weekend, the Managing Director of Formula Capital, James Altucher, detailed background and specifics of a patent lawsuit being mounted by Vringo (AMEX:VRNG) against Google (NASDAQ:GOOG). Altucher revealed that he purchased Vringo’s stock after his former associate Ken Lang’s company, I/P Engine, announced plans to merge with Vringo. Altucher lays out the case for the motivation for Google to settle with Vringo based on a number of factors, including Lang’s involvement and the $67B in revenues generated by the patents under issue in the suit. Shares of Vringo are up $1.23, or 74.55%, to $2.88 in late afternoon trading. The shares closed at $3.10, up $1.45 or 87.88% on the day. They have traded in a 52-week range of $0.68 to $2.65.
Taiwan Semiconductor (NYSE:TSM): Taiwan Semi’s Q1 revenue could come in at the high end of its previously issued guidance of $3.5B-$3.6B, DigiTimes reports, citing market watchers. The shares closed at $15.40, up $0.12 or 0.79% on the day. They have traded in a 52-week range of $10.75 to $15.51.
Towerstream Corp. (NASDAQ:TWER): Towerstream announced Friday that it has signed a Wi-Fi agreement with a national wireless carrier utilizing its current and future rooftop assets. The shares closed at $5.22, up $0.47 or 9.89% on the day. They have traded in a 52-week range of $1.78 to $5.70.
Textron Inc. (NYSE:TXT): AAI Test & Training, an operating unit of Textron Systems, a Textron company, announced that the company has received a $6.1M award from Robins Air Force Base in Georgia for several new Joint Service Electronic Combat Systems Tester systems. Part of a five-year indefinite delivery, indefinite quantity contract, this latest delivery order will provide JSECST systems for flight line and laboratory-based testing by the U.S. Air Force, Army and international end users. The shares closed at $28.84, up $1.01 or 3.63% on the day. They have traded in a 52-week range of $14.66 to $28.65.
Roundy’s Inc. (RNDY): Roundy’s announced earlier that its stock has been added to the Russell 2000 Index, a subset of the Russell Global Index. The shares closed at $11.51, up $0.81 or 7.57% on the day. They have traded in a 52-week range of $8.25 to $11.38.
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