Tag Archives: lead tech

Mobileye Taps Into Hot IPO Market That May Be Cooling

Mobileye made an eye-popping IPO Friday, the largest tech debut this year and capping the best month for new issues in more than seven years. The maker of self-driving auto technology raised $890 million by selling 35.6 million shares at an above-range price of 25. The stock closed at 37, up 48%. Mobileye (MBLY) is the largest pure-tech initial public offering this year. It makes chips and software installed in a camera system that monitors road

SunPower Q3 Earnings, Revenue Guidance Miss

As SunPower expands its solar panel manufacturing capacity, the company late Thursday guided to Q3 earnings and revenue below analyst expectations, and shares tumbled in after-hours trading. The company reported a 42% drop in year-over-year earnings per share, but that nevertheless beat the consensus estimate of analysts polled by Thomson Reuters. SunPower (SPWR) is expanding its efforts to deliver panels to the U.S. residential solar market,

Iliad, T-Mobile Deal Would Be Trouble For AT&T, VZ

French telecom upstart Iliad’s surprise $15 billion bid for a controlling stake in T-Mobile US gives parent Deutsche Telekom more options amid expected U.S. regulatory opposition to a possible merger between T-Mobile and Sprint. After Europe’s stock markets closed on Thursday, Iliad confirmed its $33-per-share bid for a 56.6% stake in T-Mobile (TMUS), whose stock gained 6.5%, closing near Iliad’s offer price. U.S. shares of Deutsche Telekom