Shares of Analog Devices, Inc. (NASDAQ:ADI) ended Friday session in red amid volatile trading. The shares closed down -1.79 points or -2.91% at $59.62 with 307.47 million shares getting traded. Post opening the session at $60.83 the shares hit an intraday low of $59.37 and an intraday high of $61.12 and the price vacillated in this range throughout the day. The company has a market cap of $17.08 billion and the numbers of outstanding shares have been calculated to be 307.47 million shares.
Analog Devices, Inc. (ADI) on August 18, 2016 announced the acquisition of the Cyber Security Solutions (CSS) business of Sypris Electronics LLC. This acquisition represents a significant leap forward in ADI’s ability to deliver secure high-performance analog solutions demanded by current and future market needs.
The CSS business of Sypris Electronics, LLC is well-known as a leader in secure system and software products and technology. For more than 50 years, Sypris has built a proven track record of delivering high-assurance information security services to the world’s most demanding customers, including military and government organizations needing to protect against sophisticated nation-state level threats and attacks. With this transaction, ADI enhances its aerospace and defense capabilities in the area of secure radio communications, bolsters its portfolio of system hardware and software-based cryptographic technologies, and adds a cybersecurity software and services business that supports our ability to offer more comprehensive high-performance analog solutions across multiple market segments such as Internet of Things (IoT), industrial, automotive, and more.
“We are delighted to add the experience, expertise, and technologies of the CSS team to the ADI family,” said Dick Meaney, ADI Senior Vice President, Industrial, Healthcare and Consumer Group. “With this acquisition, we have accelerated our ability to offer our customers trust ‘from the sensor to the cloud’ through next-generation cyber-physical security solutions. The competencies and offerings of the CSS business are a great complement to our Internet of Things (IoT) solutions, as security increasingly becomes paramount to the success of IoT implementations.”
Shares of Baidu Inc (ADR) (NASDAQ:BIDU) ended Friday session in red amid volatile trading. The shares closed down -5.40 points or -2.88% at $182.10 with 27.17 million shares getting traded. Post opening the session at $186.48 the shares hit an intraday low of $181.67 and an intraday high of $186.84 and the price vacillated in this range throughout the day. The company has a market cap of $61.30 billion and the numbers of outstanding shares have been calculated to be 27.17 million shares.
Baidu Inc (ADR) (BIDU) on Sep 2, 2016 announced that Baidu USA, based in Sunnyvale, Calif., has been issued an autonomous vehicle testing permit by the California Department of Motor Vehicles.
Baidu began research and development on autonomous driving in 2014, leveraging its strengths in artificial intelligence technologies. The following year, Baidu successfully performed road tests in China. In early 2016 Baidu announced the formation of its autonomous driving unit in the United States (ADU-US), led by Jing Wang, Baidu Senior VP and General Manager.