Shares of AT&T Inc. (NYSE:T) ended Thursday session in green amid volatile trading. The shares closed up +0.54 points or 1.33% at $41.11 with 22.28 million shares getting traded. Post opening the session at $40.73, the shares hit an intraday low of $40.70 and an intraday high of $41.19 and the price vacillated in this range throughout the day. The company has a market cap of $256.77 billion and the numbers of outstanding shares have been calculated to be 6.15 billion shares.
On Sept. 20, 2016 AT&T unveiled Project AirGig, a transformative technology from AT&T Labs that could one day deliver low-cost, multi-gigabit wireless internet speeds using power lines.
We’re deep in the experimentation phase. This technology will be easier to deploy than fiber, can run over license-free spectrum and can deliver ultra-fast wireless connectivity to any home or handheld wireless device. We designed Project AirGig literally from the ground up to be both practical and transformational. Our initial and ongoing testing at AT&T outdoor facilities has been positive. We expect to kick off our first field trials in 2017.
“Project AirGig has tremendous potential to transform internet access globally – well beyond our current broadband footprint and not just in the United States,” said John Donovan, Chief Strategy Officer and Group President, Technology and Operations, AT&T. “The results we’ve seen from our outdoor labs testing have been encouraging, especially as you think about where we’re heading in a 5G world. To that end, we’re looking at the right global location to trial this new technology next year.”
Shares of Oclaro, Inc. (NASDAQ:OCLR) ended Thursday session in green amid volatile trading. The shares closed up +0.33 points or 3.72% at $9.20 with 20.35 million shares getting traded. Post opening the session at $8.82, the shares hit an intraday low of $8.82 and an intraday high of $9.34 and the price vacillated in this range throughout the day. The company has a market cap of $1.40 billion and the numbers of outstanding shares have been calculated to be 112.21 million shares.
Oclaro, Inc. (OCLR) on Sept. 21, 2016 announced the pricing of its public offering (the “Offering”) of 15,000,000 shares of its common stock at a price to the public of $8.35 per share. In addition, Oclaro has granted the underwriters a 30-day option to purchase up to 2,250,000 additional shares of its common stock. Oclaro expects to close the offering on September 27, 2016, subject to customary closing conditions.