People will going get a much wider selection of hardware once Globalstar, Inc. (OTCMKTS:GSAT)’s Sat-Fi service goes live, though. The subscription offering revolves around a satellite hotspot (not yet pictured) that lets you make calls and send data on Globalstar’s network using most any WiFi-capable device. You can share the connection between multiple gadgets, and you can even use an existing phone number. Just be patient if you’re eager to sign up for an always-available data link. The company doesn’t expect the FCC to approve the hotspot until some time in the second quarter of the year, and you’ll have to wait until shortly afterward to use the service itself. Globalstar, Inc. (OTCMKTS:GSAT) stock opened at $2.05 in last trading session, and closed at $2.33, trading in the range of $2.04 – $2.39. The stock showed a positive weekly performance of 27.32%.
The defense and rocket support services unit of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) has received a five-year contract from the Naval Surface Warfare Center, Dahlgren. The contract is worth up to $7.92 billion. “We are very happy with this contract award, as it allows us to continue providing support to the U.S. Navy and Marine Corps with our full range of engineering and technical capabilities as a prime contractor,” Dave Carter, president of Kratos’ DRSS unit, said in a statement. Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) shares closed at $7.74 on last trade day, by gaining 7.05%. Stock 52 week range is $4.08 – $9.18. Company’s market capitalization is $441.56 billion.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of ArthroCare Corporation (NASDAQ:ARTC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Smith & Nephew Plc. in a cash deal valued at approximately $1.7 billion. Under the terms of the proposed transaction, ArthroCare’s stockholders will receive $48.25 for each share of ArthroCare common stock they own. According to Yahoo! Finance, at least one analyst has set a price target of $60.00 for the Company. ArthroCare Corporation (NASDAQ:ARTC) stock advanced 8.24% and finished the last session at $49.12. The EPS of the stock remained 0.70. Company’s market capitalization is $1.39 billion.
TASER International, Inc. (NASDAQ:TASR) will replace Consolidated Graphics Inc. (NYSE: CGX) in the S&P SmallCap 600 after the close of trading on Tuesday, February 4. S&P MidCap 400 constituent R.R. Donnelley & Sons Co. (NASD:RRD) acquired Consolidated Graphics in a deal completed. TASER International, Inc. (NASDAQ:TASR) stock opened at $16.75 in last trading session and closed at $16.90. The 52 week range of the stock is $6.70 – $18.88 and the day range was $16.63 – $17.52.