Shares of Fossil Group Inc (NASDAQ:FOSL) ended Friday session in green amid volatile trading. The shares closed up +0.21 points or 0.70% at $30.35 with 870,672.00 shares getting traded. Post opening the session at $29.98, the shares hit an intraday low of $29.72 and an intraday high of $30.63 and the price vacillated in this range throughout the day. The company has a market cap of $1.51 billion and the numbers of outstanding shares have been calculated to be 48.13 million shares.
On Sept. 1, 2016 Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (QCOM), and Fossil Group (FOSL) announced that the Qualcomm® Snapdragon™ Wear 2100 processor is powering the Fossil Q Marshal and Fossil Q Wander smartwatches. With this announcement, Fossil becomes the first Fossil Group brand to ship smartwatches based on Qualcomm Technologies’ next generation Snapdragon Wear 2100 processor.
Fossil Q Marshal and Fossil Q Wander smartwatches deliver a truly unique and differentiated experience for the customer, taking full advantage of the Snapdragon Wear 2100 with a crisp “always awake” touch screen, extended battery life, always-on sensing, and seamless connectivity, all wrapped in a streamlined, fashion-forward design that customers desire.
“We’re investing in long-term wearables innovation due to increasing demand for smartwatches that fuse the latest in technology and connectivity into an attractive, expertly-designed wristwatch. Announcement is part of a broader plan to introduce more than 100 wearables this year,” said Greg McKelvey, chief strategy and chief digital officer, Fossil Group. “We envision a day when every watch we make will have some type of connectivity in it. By combining Fossil Group’s expertise in making beautiful, quality watches and Qualcomm Technologies’ highly integrated Snapdragon Wear processors, we are bringing the best of fashion and technology to our customers.”
The Snapdragon Wear 2100 is Qualcomm Technologies’ second generation processor for Android Wear™ smartwatches. It is a full featured processor purposely designed for wearables running Google’s Android™ operating systems. With its low power and small footprint design, the Snapdragon Wear 2100 offers a range of connectivity options, low power GNSS and a highly integrated, ultra-low power sensor hub for a truly smart experience.
“We are pleased to be working with Fossil Group and its flagship Fossil brand to deliver exciting new smartwatches and helping them win in dynamic wearables industry,” said Anthony Murray, senior vice president and general manager, IoT, Qualcomm Technologies International, Ltd. “Combining the industry-leading Snapdragon Wear 2100 with Fossil Group’s design expertise will continue to fuel innovation, set a new bar in the wearables industry and bring the best of fashion and technology to consumers.”
Shares of Wabash National Corporation (NYSE:WNC) ended Friday session in red amid volatile trading. The shares closed down -0.24 points or -1.68% at $14.04 with 845,863.00 shares getting traded. Post opening the session at $14.18, the shares hit an intraday low of $14.04 and an intraday high of $14.30 and the price vacillated in this range throughout the day. The company has a market cap of $906.94 million and the numbers of outstanding shares have been calculated to be 63.92 million shares.
Wabash National Corporation (WNC) on Sept. 23, 2016 recognized top suppliers during its annual Supplier Conference. More than 300 attendees representing 240 companies attended the conference in Lafayette, Indiana, during which 29 suppliers received awards for exceptional performance.
“We strongly value a collaborative relationship with all of our supplier partners,” commented President and Chief Executive Officer Dick Giromini. “We recognize the vital role our suppliers play in assuring Wabash National’s continued leadership position in customer satisfaction, product quality and innovation.”
The top award, Wabash National’s Pinnacle Award, recognizes the company’s supplier of the year. The 2016 Pinnacle Award went to Dow Chemical, which supplies the company with plastic resin for its DuraPlate® composite panels and foam for refrigerated vans and tank trailers.
“We’re honored to recognize Dow Chemical as our Pinnacle Award recipient for their outstanding performance and continuous improvement initiatives,” said Nick Adler, vice president of global strategic sourcing. “This was the first Pinnacle Award for Dow Chemical and seventh Wabash National supplier award overall.”