Stubbs Alderton & Markiles, LLP announced that it advised client Vitesse Semiconductor (NASDAQ:VTSS)in an underwritten public offering of 8,582,076 shares of its common stock at a price to the public of $3.35 per share. The offering closed on June 17, 2014. Vitesse Semiconductor (NASDAQ:VTSS) net profit margin is -22.10% and weekly performance is -2.03%. On last trading day company shares ended up $3.37. Analysts mean target price for the company is $4.58. Vitesse Semiconductor (NASDAQ:VTSS) distance from 50-day simple moving average (SMA50) is -5.73%.
Chinese personal-computer maker Lenovo Group Ltd. still expects to complete its acquisition of International Business Machines Corp. (NYSE:IBM) ‘s low-end server business by the end of this year, its chief executive said, even as the U.S. government is investigating possible national-security risks related to the deal. International Business Machines Corp. (NYSE:IBM) shares advanced 2.80% in last trading session and ended the day on $186.35. IBM Gross Margin is 48.90% and its return on assets is 15.70%. International Business Machines Corp. (NYSE:IBM) quarterly performance is -3.63%.
Oracle Corporation (ORCL) has sold $10 billion worth of bonds to finance its acquisition of Micros Systems, Inc. (MCRS), and for other corporate purposes such as share repurchases and refinancing debt. This is Oracle’s first bond offering this year. Last year, the company raised $3 billion in three tranches in the bond market. Oracle Corporation (NYSE:ORCL) shares moved up 0.59% in last trading session and was closed at $40.77, while trading in range of $40.41-$40.91. Oracle Corporation (NYSE:ORCL) year to date performance is 7.20%.
BNP Paribas restated their neutral rating on shares of Vodafone Group Plc (NYSE:VOD) in a research note issued to investors on Friday.Vodafone Group Plc (ADR) (NASDAQ:VOD) ended the last trading day at $33.53. Company weekly volatility is calculated as 0.84% and price to cash ratio as 3.58. Vodafone Group Plc (ADR) (NASDAQ:VOD) showed a positive weekly performance of 4.78%.
——TranSwitch Corp (OTCMKTS:TXCCQ) On last trading day company shares ended up $0.0035.