Shares of Intel Corporation (NASDAQ:INTC) ended Thursday session in green amid volatile trading. The shares closed up +0.13 points or 0.36% at $36.02 with 18.93 million shares getting traded. Post opening the session at $35.99, the shares hit an intraday low of $35.58 and an intraday high of $36.04 and the price vacillated in this range throughout the day. The company has a market cap of $171.32 billion and the numbers of outstanding shares have been calculated to be 4.73 billion shares.
Intel Corporation (INTC) designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Software and Services, and All Other segments. The companys platforms are used in various computing applications comprising notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, retail devices, and manufacturing devices, as well as for retail, transportation, industrial, buildings, home use, and other market segments.
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) ended Thursday session in green amid volatile trading. The shares closed up +0.14 points or 0.45% at $31.58 with 15.98 million shares getting traded. Post opening the session at $31.42, the shares hit an intraday low of $31.26 and an intraday high of $31.64 and the price vacillated in this range throughout the day. The company has a market cap of $158.33 billion and the numbers of outstanding shares have been calculated to be 5.03 billion shares.
On Aug. 31, 2016 Encompass Digital Media, a global technology services company delivering end-to-end video playout and distribution solutions to broadcast and digital media companies, introduces CloudStream™, a cloud-based platform powered by Cisco, to its suite of digital services. Encompass’ CloudStream solution enables TV networks, OTT operators and live event providers to quickly and efficiently generate new revenue opportunities by creating broadcast-quality multiscreen streams for their viewers.
“Encompass offers our clients a complete portfolio of video services providing a cost-effective alternative to building out their own operations,” said Chris Walters, Encompass CEO. “Combining CloudStream with our signal acquisition and managed services capabilities layered onto Cisco’s Media Data Center technology, we have created an industry-leading solution for OTT clients. We chose Cisco as a core component for CloudStream because of its expertise in building out the highly reliable infrastructure that is needed to support Encompass’ full suite of OTT services.”