Market News - Active Tech Companies To Watch: GroveWare Technologies, Verizon, Apple Inc, Salesforce.com Inc., Google & Curtis-Wright
CORAL SPRINGS, Florida, February 28, 2013 /PRNewswire via COMTEX/ --
"Active Tech Companies Watch" for today: GroveWare Technologies Ltd., Verizon Communications (NYSE:VZ), Apple, Inc. (NASDAQ: AAPL), salesforce.com, Inc. (NYSE: CRM), Google, Inc. (NASDAQ: GOOG) and Curtiss-Wright Corp. (NYSE: CW).
GroveWare Technologies Ltd. issued breaking news Thursday morning before the markets opened for trading. To read the entire press release go to http://finance.yahoo.com/q s=GROV&ql=1. GroveWare Launches Mobile Enterprise Efficiency Solution for Manufacturing Sector. GroveWare Technologies is a provider of enterprise mobile solutions connecting workforces by smartphones and tablet devices, is pleased to announce the launch of its proprietary Quality Assurances mobile manufacturing solutions. The application is intended for use on the production floor to help eliminate paper use and generate greater manufacturing efficiencies. To see the latest news and charts for GroveWare, please go to http://www.marketwatch.com/investing/stock/GROV. Among the early adopters looking to deploy the latest MobiTask™ solution in the manufacturing sector is Curtis Wright Corporation (NYSE: CW), a diversified global provider of highly engineered products and services for the aviation industry. GROV has provided test units of its revolutionary MobiTask™ solution for field testing on CW's production facility floor, allowing the company to experiment with mobile technology to increase production efficiencies in quality control processes, eliminating the use of paper based processes. Introduced to GroveWare by Business Solutions partner Verizon Wireless (NYSE: VZ), Curtis Wright specializes in advanced engineering and high performance markets, operating over 90 manufacturing facilities throughout United States.
To read all the latest headlines for GroveWare, go to http://finance.yahoo.com/q/h s=GROV+Headlines
Stay informed on GroveWare Technologies developments by getting FREE news alerts & stock updates delivered directly to your mobile phone by texting GROV to 545454 from your cellular device or visit http://grov.mobi for more details.
Verizon Communications, Inc. (NYSE: VZ) closed up yesterday at $46.35 per share on over 14.8Million shares traded. To meet the growing demand from medium businesses for cloud, advanced mobility, strategic communications and intelligent networking solutions, Verizon is simplifying its relationship with indirect sales channels and the companies that form its extensive technology ecosystem. Verizon is consolidating several existing business channel programs under a new best-in-class Verizon Partner Program to make it easier for its members to expand distribution and create new business opportunities for their customers.
Apple, Inc. (NASDAQ: AAPL) closed down slightly yesterday at $444.57 per share on over 20.9Million shares traded. Apple CEO Tim Cook sought to reassure shareholders worried about the company's sagging stock price that the iPhone and iPad maker is on the verge of inventing more breakthrough products that will prove it hasn't lost its creative edge. "The company is working as hard as ever, and we have some great stuff coming," Cook told shareholders Wednesday before taking their questions during Apple's annual meeting at its Cupertino, Calif., headquarters.
Salesforce.com, Inc. (NYSE: CRM) closed up yesterday at $166.94 per share on over 1.5Million shares traded. Salesforce.com , the enterprise cloud computing company, this week unveiled the first in a series of new solutions to empower customer companies to transform for the mobile era. With the new Salesforce Service Cloud Mobile, companies can now deliver breakthrough customer service anytime and on any device. Service Cloud Mobile delivers the industry's first mobile co-browsing, mobile communities, mobile chat and touch-based agent interface technologies, all designed for customer service in the cloud.
Google, Inc. (NASDAQ: GOOG) closed up yesterday at $799.78 per share on over 2.02Million shares traded. Google briefly jumped over the $800 per share mark mid-day on yesterday, a price they have been flirting with for most of February. As recently as Tuesday, the technology company's stock was in the low $780s and shares closed a few cents above $790. But the stock gained $8 in pre-market trading Wednesday morning thanks to upgrade in Google's investment rating. Analysts at Bank of America Merrill Lynch lifted the stock from Neutral to Buy and raised its price target from $790.00 to $920.00.
Curtiss-Wright Corp. (NYSE: CW) closed up yesterday at $34.78 per share on 125,887 shares traded. Curtiss-Wright announced that this week it successfully completed a private placement debt offering of $500 million of senior notes (the "Notes"), consisting of $225 million 3.70% senior notes due 2023, $100 million 3.85% senior notes due 2025, $75 million 4.05% senior notes due 2028 and $100 million 4.11% senior notes due 2028. This offering is exempt from the registration requirements of the Securities Act of 1933.
"We are pleased with the significant response we received for this Note offering and our opportunity to take advantage of considerably low interest rates," said Martin R. Benante, Chairman and CEO of Curtiss-Wright. "By increasing our overall debt capacity, this offering will allow us to continue to pursue our corporate growth strategies. As expected, the issuance of these Notes will result in higher interest costs in the short term, however, we believe that it will benefit our stockholders over the long term and more closely align our capital structure with our overall corporate strategy."
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