Tag Archives: technology

Activision Blizzard, Inc (ATVI) Ex-Dividend Date Scheduled for March 28, 2016

Activision Blizzard, Inc ( ATVI ) will begin trading ex dividend on March 28, 2016. A cash dividend payment of $0.26 per share is scheduled to be paid on May 11, 2016. Shareholders who purchased ATVI prior to the

Is Tesla Motors’ Stock Valuation Now In ‘Ludicrous Mode’?

Loading the player… Not only are Tesla Motors ‘ ( TSLA ) cars equipped with “Ludicrous mode,” but one analyst now seems to think Tesla’s stock valuation is ludicrous. The stock dropped 5% Wednesday after getting a downgrade to sell by S&P Global Market Intelligence. The analyst called the electric car maker’s shares “volatile,” and sees “significant execution and valuation risk in the premium priced stock.” The sell rating comes despite the analyst’s belief that sales and earnings will “surge” this year. (The car’s Ludicrous mode, in case you’re wondering, allows it to go from 0 to 60 mph in 2.8 seconds.) The stock crumbled in slightly lighter-than-average volume, breaching support at the 200-day line. Tesla just climbed above that level last Friday. The stock had rallied in anticipation of the company’s Model 3 reveal and had just reached its highest level so far this year. But now the shares are back further in the red for 2016. The $30,000 mass market Model 3 will be unveiled next Thursday evening, with a live stream of the event available on Tesla’s website . Reservations for the new car begin on March 31, and production for the Model 3 is scheduled to begin in late 2017. This week, the rival Chevy Bolt EV from parent company General Motors ( GM ) entered pre-production, with the testing of assembly tools. Production is expected to start at the end of 2016, an entire year ahead of the Model 3.

Affymetrix Shareholders To Choose Between Origin, Thermo Fisher

Gene-analysis firm Affymetrix ( AFFX ) said Wednesday that there will be a special shareholder meeting Thursday to discuss a new buyout offer from Origin Technologies, in its bid to woo Affymetrix away from Thermo Fisher Scientific ( TMO ). Late Tuesday, Origin Technologies, which was formed by former Affymetrix employees specifically to take over Affymetrix, raised its bid for the company to $17 a share, and increased its reverse termination fee to $100 million. Last week, Origin had offered $16.10 a share for Affymetrix , which the company’s board rejected over the weekend on the grounds that it was funded solely by debt commitments and wouldn’t be enough to cover the “amounts required to be paid in respect of existing shares, employee equity arrangements, existing convertible notes and credit facility, and anticipated transaction expenses, including a termination fee payable to Thermo Fisher Scientific.” On Wednesday, Affymetrix’s leadership reluctantly admitted that the new offer “could reasonably be expected to lead to a superior proposal,” and so the company is legally required to hold a special shareholder meeting, followed by a vote scheduled for March 31. The board still advocated that shareholders stick with the Thermo Fisher deal, which was $14 a share, or $1.3 billion in cash. Affymetrix stock rose 5.2% to 15.11 in the stock market today . Thermo Fisher stock was flat, at 138.82. Image provided by Shutterstock .