Shares of Microsoft Corporation (NASDAQ:MSFT) ended Thursday session in red amid volatile trading. The shares closed down -0.43 points or -0.74% at $57.46 with 20.86 million shares getting traded. Post opening the session at $57.65, the shares hit an intraday low of $57.30 and an intraday high of $57.80 and the price vacillated in this range throughout the day. The company has a market cap of $446.14 billion and the numbers of outstanding shares have been calculated to be 7.79 billion shares.
On Aug. 23, 2016 Microsoft Corporation (MSFT) and Lenovo announced on Friday a deepening of their strategic relationship. Lenovo will load Microsoft’s productivity apps – including Microsoft Office, OneDrive and Skype – on select Lenovo devices that use the Android™ operating system. Lenovo expects to ship millions of these Android-based devices worldwide over the next several years. This expanded collaboration between Microsoft and Lenovo also includes a patent cross-licensing agreement that covers Lenovo and Motorola devices.
“Microsoft’s thrilled that our productivity apps will be pre-installed on Lenovo’s premium devices,” said Nick Parker, corporate vice president OEM Division, Microsoft. “The marriage of Microsoft’s apps and Lenovo’s Android-based devices will enable customers around the world to be more productive, more connected and achieve even more.”
“Our collaboration with Microsoft will create new opportunities for our customers to take advantage of some of Microsoft’s most popular apps,” said Christian Eigen, Leader of Corporate Alliances, Lenovo. “Installing Microsoft apps and services on our devices will bring additional value to consumers around the globe.”
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) ended Thursday session in red amid volatile trading. The shares closed down -0.10 points or -0.32% at $31.44 with 20.42 million shares getting traded. Post opening the session at $31.45, the shares hit an intraday low of $31.25 and an intraday high of $31.58 and the price vacillated in this range throughout the day. The company has a market cap of $157.93 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.”