Tag Archives: lead tech

GoPro Wipes Out On Pricing Of Secondary Stock Offer

GoPro (GPRO) shares wiped out after the action camera maker priced its secondary stock offering well below its recent trading range. GoPro stock was down 6%, near 74, in morning trading on the stock market today. It closed Wednesday at 79.09. The recent IPO went public on June 26 at 24 and hit an all-time high of 98.47 on Oct. 7. The San Mateo, Calif.-based company late Wednesday priced its follow-on offering of 10.4 million shares at 75. Current

Micron Rides Memory Chip Advances Into Connected Cars

In several labs around the world, Micron Technology engineers are working to enable tomorrow’s connected cars. The Boise, Idaho-based company is developing and testing high-capacity flash memory, or NAND, chips and microcontroller components to help carmakers improve communications technology, information and entertainment systems, and safety devices in cars, says Giorgio Scuro, general manager of Micron’s (MU) auto business. Two years ago, the

Mallinckrodt Q4 Earnings Beat Views, But Outlook Hazy

Specialty drugmaker Mallinckrodt early Wednesday beat analysts’ expectations handily with its fiscal Q4 report, but the stock fell 3.2% after the company put off providing hoped-for guidance in the wake of a Food and Drug Administration decision that hits one of its best-selling drugs. For its fiscal fourth quarter, which ended Sept. 26, Mallinckrodt (MNK) made $1.68 a share excluding one-time items, up 71% from the year-earlier quarter and 27