Shares of Commscope Holding Company Inc (NASDAQ:COMM) ended Wednesday session in red amid volatile trading. The shares closed down -0.19 points or -0.62% at $30.64 with 7.57 million shares getting traded. Post opening the session at $30.50, the shares hit an intraday low of $30.11 and an intraday high of $30.75 and the price vacillated in this range throughout the day. The company has a market cap of $5.86 billion and the numbers of outstanding shares have been calculated to be 192.64 million shares.
Commscope Holding Company Inc (COMM) on September 21, 2016 announced the sale of 10 million shares of its common stock on an underwritten basis by an affiliate of The Carlyle Group. In addition, the underwriter will have an option to purchase up to 1,500,000 additional shares from Carlyle. CommScope will not receive any of the proceeds from the offering of shares by Carlyle. Closing of the offering is expected to occur on or about September 26, 2016, subject to customary closing conditions.
Shares of QUALCOMM, Inc. (NASDAQ:QCOM) ended Wednesday session in green amid volatile trading. The shares closed up +0.87 points or 1.39% at $63.57 with 7.49 million shares getting traded. Post opening the session at $63.10, the shares hit an intraday low of $62.91 and an intraday high of $63.64 and the price vacillated in this range throughout the day. The company has a market cap of $93.44 billion and the numbers of outstanding shares have been calculated to be 1.47 billion shares.
QUALCOMM, Inc. (QCOM) on September 12, 2016 announced the opening of Qualcomm Communication Technologies (Shanghai) Co. Ltd., a semiconductor test facility in the Waigaoqiao (WGQ) free-trade zone in Shanghai, and its first foray into providing manufacturing services for semiconductors. By working with Amkor Technology, Inc., one of the world’s leading providers of contract semiconductor assembly and test services, the new company will combine Amkor’s extensive test services experience and state of the art cleanroom facilities with Qualcomm Technologies’ industry leadership in cutting-edge product engineering and development.
The new manufacturing facility demonstrates Qualcomm Technologies’ commitment to continue to invest and help develop semiconductor expertise in China, and is indicative of growth in semiconductor market leadership in the country. Through the ownership and operation of a semiconductor test center, Qualcomm Technologies will enhance its focus on customer service, continue to develop its expertise in operational excellence, and increase its business presence in China.
“The test facility is part of our continued mission to streamline supply chain operations and improve operational efficiency,” said Roawen Chen, senior vice president, QCT global operations, Qualcomm Technologies, Inc.