Headlines


Wall Street Uneasy Ahead Of Yellen Speech
August 22, 2014
(RTTNews) - Although easing of geopolitical tensions was a welcome respite for the markets, the mood is still cautious, given the uncertain economic backdrop. The major U.S. index futures point to a slightly lower opening on Friday after Asian stocks ended on a mixed note, while the European markets are seeing some tentativeness. Forward guidance issued by most companies has been lackluster, reflecting their apprehensions concerning the economic and profit outlook. Against the backdrop, traders may focus on a speech on the labor market by Fed Chair Janet Yellen at the Kansas City Federal Reserve's 2-day symposium at Jackson Hole.

Mentor Graphics Q2 profit plummets
August 22, 2014
Mentor Graphics Corp (MENT), a provider of electronic design automation software and hardware solutions, has recorded a 40.91 percent plunge in profit for the quarter ended Jul. 31, 2014 amid steep increase in operating expenses. The company earned $14.17 million or $0.13 a share in the second-quarter compared with $23.98 million or $0.19 a share a year ago. Non-GAAP earnings per share came in at $0.23, when analysts expected $0.15. Revenue during the second-quarter went up marginally 2.77 percent to $260.23 million from $253.22 million in the last year period.

Markets Exemplify Caution Ahead Of Yellen Speech
August 22, 2014
(RTTNews) - The major U.S. index futures are pointing to a roughly flat opening on Friday, with sentiment reflecting apprehensions, especially after the recent market run up. With things largely quite on the economic front, the markets get to digest some corporate news released after the close of trading yesterday. Forward guidance of most companies has been lackluster, which underlines the fears concerning the evolving economic outlook. Traders may also closely sift through Fed Chair Janet Yellen's speech on the labor market at Jackson Hole to gauge the central bank's stance on interest rates. U.S. stocks added to their gains on Thursday on the heels of largely upbeat economic data. The major averages opened higher and the Dow Industrials and the S&P 500 Index held above the unchanged line throughout the session before closing in positive territory, with the S&P 500 Index closing at a fresh record high The Dow Industrials ended up 60.36 points or 0.36 percent at 17,040 and the S&P 500 Index closed 5.86 points or 0.29 percent higher at 1,992. Meanwhile, the Nasdaq Composite recovered from an early move to the downside but continued to trade with apprehension. The index moved decisively into positive territory by the mid-session before closing up 5.62 points or 0.12 percent at 4,532.

Mentor Graphics Bests Q2 Expectations, Guides Q3 Below Street, FY 2015 Mostly in Line
August 21, 2014
Mentor Graphics (MENT) reported Q2 EPS of $0.23, well ahead of the analyst consensus of $0.15 per share on Capital IQ. Revenue was $260.2 million, vs. expectations of $250 million.

Earnings Reaction History: Mentor Graphics Corporation, 50.0% Follow-Through Indicator, 3.7% Sensitive
August 21, 2014
Expected Earnings Release: 08/21/2014, After-hours Avg. Extended-Hours Dollar Volume: $1,022,325

Launch Date For Lockheed Martin-Built CLIO Satellite Set For September 16
August 21, 2014
 The launch date for the U.S. government's CLIO satellite, built by Lockheed Martin [NYSE: LMT], has been set for Sept. 16, 2014. CLIO will launch from Cape Canaveral Air Force Station aboard a United Launch Alliance Atlas V rocket.

Jibe Mobile Named CTIA Startup Lab Finalist for Next Generation Cloud-Based IP Communications Services; CEO Amir Sarhangi to Present "Why Mobile Operators' IP Communications Belong in the Cloud" at CTIA Super Mobility Week
August 21, 2014
 Jibe Mobilehttp://www.jibemobile.com, the Cloud Communications Company for Mobile Operators, today announced that Jibe has been named as aCTIA Startup Lab programfinalist. Showcasing Jibe's cloud-based hosted service at CTIA'sSuper Mobility Week'sStartup Lab in Las Vegas, Jibe's CEO and co-founder Amir Sarhangi will address how mobile operators can more effectively compete with the OTT threats by using the cloud to deliver the next generation of communications services for mobile subscribers in his session "Why IP Communications Belongs in the Cloud". "We are honored to be selected as a CTIA Startup Lab finalist. This recognition reinforces the role that Jibe's cloud is playing for mobile operators to deliver rich IP-based video calling, group chat and sharing communications services that rival the best of OTT," said Amir Sarhangi, CEO Jibe Mobile. "Jibe's cloud is already disrupting the position of traditional infrastructure vendors by enabling carriers to rapidly launch and globally connect such communication services over LTE and WiFi as the mobile industry makes the major transition from voice and SMS to IP networks."

Audivo Integrates CSR's VibeHub(TM) Networked Audio Platform to Significantly Ease Development of Whole Home Audio Solutions; VibeHub-Based Module Provides Flexible Turnkey Solution to Help Speed Time to Market
August 21, 2014
Audio solutions provider Audivo has launched the world's first system-on-module based on the VibeHub(TM) home networked audio solution from CSR plc (LSE: CSR; NASDAQ: CSRE). Audivo Multiroom Audio Solution (AMAS) is a turnkey solution that allows ODMs to quickly develop and easily integrate networked audio capabilities into their products. The VibeHub platform, which was launched earlier this year, can be used to build wireless speakers, intelligent audio adaptors, networked audio amplifiers and a wide range of other connected audio products. Using the VibeHub SyncLock(TM) technology, these devices can pull content from multiple sources including digital media servers and mobile devices, and simultaneously distribute the audio around the home in a tightly synchronized manner ensuring that there is no audible delay when walking between zones in the home.

FORM 8-K: MENTOR GRAPHICS CORP FILES Current report
August 21, 2014
MENTOR GRAPHICS CORP, OREGON, has filed FORM 8-K (Current report) with Securities and Exchange Commission on August 21, 2014 State or other Jurisdiction of Incorporation: OREGON Item 2.02 Results of Operations and Financial Condition. Attached as Exhibit 99.1 is a copy of a press release of Mentor Graphics Corporation dated August 21, 2014, announcing the Company’s financial results for the second quarter and the Company’s outlook for the third quarter and full fiscal year 2015, which is being furnished to the Securities and Exchange Commission. Mentor Graphics Reports Fiscal Second Quarter Results WILSONVILLE, Ore.--Mentor Graphics Corporation (NASDAQ: MENT) today announced financial results for the company’s fiscal second quarter ended July 31, 2014. The company reported revenues of $260.2 million, non-GAAP earnings per share of $0.23, and GAAP earnings per share of $0.13.

SMIC and JCET Establish a Joint Venture in Jiangyin National High-Tech Industrial Development Zone
August 08, 2014
 Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) the largest and most advanced pure foundry provider inChina; and Jiangsu Changjiang Electronics Technology Co., Ltd. ("JCET", SSE: 600584), the largest packaging service provider inChina, jointly announced today the formation of a joint venture for 12-inch bumping and related testing, from the previously signed joint venture agreement, which will be established in Jiangyin National High-Tech Industrial Development Zone (JOIND), inJiangsu Province, China.


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