Shares of Frontier Communications Corp (NASDAQ:FTR) ended Tuesday session in green amid volatile trading. The shares closed up +0.12 points or 2.63% at $4.68 with 19.63 million shares getting traded. Post opening the session at $4.62, the shares hit an intraday low of $4.56 and an intraday high of $4.70 and the price vacillated in this range throughout the day. The company has a market cap of $5.51 billion and the numbers of outstanding shares have been calculated to be 1.17 billion shares.
On August 29, 2016 Frontier Communications (FTR), a leading provider of commercial and residential broadband, voice, data, TV, cyber-security and networking services, announced that following a public hearing on August 25, the Town of Goshen approved Frontier’s franchise agreement to offer new video services to town residents. The Town of Goshen is the first municipality in New York state to approve a franchise for Frontier to offer video services in its community.
The franchise agreement will now be submitted to the New York Public Service Commission (NY PSC) for review. The NY PSC must issue a Certificate of Confirmation of Franchise before Frontier is authorized to provide service.
“We want to thank Town Supervisor Douglas Bloomfield and the Goshen Town Council for their leadership in establishing the Town of Goshen as the first in New York state to approve Frontier’s video franchise,” said Debbie Bogdanski, General Manager of Frontier’s New York South area. “This important step brings Frontier closer to being able to offer residents our exciting new video service as a competitively priced alternative to cable TV providers.”
With NY PSC approval, Vantage TV™ by Frontier™ service will launch, powered by Ericsson’s Mediaroom™ software platform, the #1 IPTV (Internet Protocol Television) platform. Vantage TV™ by Frontier™ provides secure delivery and superior picture quality for SD (standard definition), HD (high definition) and 4K/UHD (ultra-high definition). Wi-Fi enabled set top boxes allow customers to place televisions where they want in their homes. Vantage TV™ by Frontier™ also offers live TV broadcast with instant channel changing, which allows super-fast on-screen channel navigation through its interactive programming guide. Among the many additional features are Video on Demand (VOD), Total Home DVR recording for up to six shows simultaneously, Next-Generation Electronic Program Guide with enhanced search functionality, Netflix access directly from the customer’s TV, and integrated interactive applications including Social TV.
“We are eagerly looking forward to introducing the next generation of innovation and connecting Goshen residents with the ultimate entertainment experience,” added Bogdanski. “Vantage TV™ by Frontier™ will provide competition, giving consumers another choice for their video services, and one that is very competitively priced.”
Shares of QUALCOMM, Inc. (NASDAQ:QCOM) ended Tuesday session in red amid volatile trading. The shares closed down -0.26 points or -0.41% at $63.09 with 5.60 million shares getting traded. Post opening the session at $63.12, the shares hit an intraday low of $62.88 and an intraday high of $63.39 and the price vacillated in this range throughout the day. The company has a market cap of $92.80 billion and the numbers of outstanding shares have been calculated to be 1.47 billion shares.
On Sept. 6, 2016 QUALCOMM, Inc. (QCOM) and Virginia Tech begin a multi-year collaboration this fall with the launch of the Qualcomm® Thinkabit Lab™ at Virginia Tech’s Northern Virginia Center in Falls Church.
The Thinkabit Lab experience offers both teachers and students an engaging learning environment—part lab, makerspace and classroom—to foster creativity, collaboration and the critical skills necessary for the 21st century. The new Thinkabit Lab is led by Virginia Tech’s Department of Engineering Education in the College of Engineering and School of Education in the College of Liberal Arts and Human Sciences, based on Qualcomm’s World of Work and STEM coursework.
Residing in the National Capital Region, the lab is Qualcomm’s first outside of San Diego, servicing underserved students, students underrepresented in STEM careers, and teachers from the metro Washington D.C. area. For some students, the Thinkabit Lab experience will offer a first introduction to hands-on STEM learning and real-world careers.
“The work that Qualcomm and Virginia Tech are doing at the new Thinkabit Lab is remarkable,” said Qualcomm CEO Steve Mollenkopf. “Beyond being a space to inspire the next generation of inventors, it will allow to us to leverage the expertise of both organizations, and through research and practical application, we will bring new advancements to STEM education at all levels.”
The lab will serve as a cornerstone facility, leveraging Virginia Tech’s academic depth in engineering and education, to develop educators who may lead further Thinkabit inspired, innovative STEM experiences in schools and community programs. Additionally, faculty research will assess how the program impacts students’ access to STEM teaching and learning activities, and awareness of STEM education and career options. The findings will help to continue developing the Thinkabit Lab and STEM programs.
“We know that STEM skills can enhance every student’s future, regardless of their field of study, and we need to prepare both students and teachers to address the complex challenges of tomorrow,” said Virginia Tech President Tim Sands. “The Thinkabit collaboration with Qualcomm will allow us to join complementary strengths and work synergistically to create opportunities and lower barriers.”