Shares of Applied Materials, Inc. (NASDAQ:AMAT) ended Monday session in red amid volatile trading. The shares closed down -0.31 points or -1.05% at $29.35 with 12.61 million shares getting traded. Post opening the session at $29.49, the shares hit an intraday low of $29.22 and an intraday high of $29.62 and the price vacillated in this range throughout the day. The company has a market cap of $31.06 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
Applied Materials, Inc. (AMAT) on September 21, 2016 introduced the display industry’s first high-resolution inline e-beam review (EBR) system, increasing the speed at which manufacturers of OLED and UHD LCD screens can achieve optimum yields and bring new display concepts to market.
Applied is the semiconductor industry leader in EBR with more than 70 percent market share in 2015. The company has combined its leading-edge SEM* capabilities used in semiconductor device review with a large-scale display vacuum platform, resulting in an inline EBR technology that is the fastest, most effective method to discover and address the root causes of killer defects in advanced mobile and TV displays.
Applied’s EBR system has received orders from 6 of the top 10 largest display manufacturers in the world and demand is increasing as manufacturers look to quickly and cost effectively optimize their yields and bring new types of displays to market faster.
“Our new EBR system is the latest in a strong pipeline of display products that enables customers to solve critical OLED and LCD manufacturing challenges,” said Ali Salehpour, senior vice president and general manager, Display and Adjacent Markets and Applied Global Services, Applied Materials. “Applied’s unique ability to combine semiconductor yield techniques and panel-level SEM technology expands our addressable market and avoids costly yield excursions for our customers. Emerging applications such as augmented and virtual reality and smart vehicles require better displays with new form factors. These applications are driving demand for solutions like our EBR tool that give customers significant time-to-market advantages.”
Shares of Frontier Communications Corp (NASDAQ:FTR) ended Monday session in green amid volatile trading. The shares closed up +0.03 points or 0.69% at $4.36 with 11.92 million shares getting traded. Post opening the session at $4.30, the shares hit an intraday low of $4.29 and an intraday high of $4.40 and the price vacillated in this range throughout the day. The company has a market cap of $5.11 billion and the numbers of outstanding shares have been calculated to be 1.17 billion shares.
Frontier Communications Corp (FTR) announced that its Senior Vice President and Treasurer, John Gianukakis, is scheduled to present at the Deutsche Bank 24th Annual Leveraged Finance Conference on Tuesday, September 27, 2016 at 7:15 p.m. Eastern Time.
A live webcast will be available at Frontier’s Investor Relations website under “Webcasts and Presentations.”