Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) ended Monday session in red amid volatile trading. The shares closed down -0.12 points or -1.31% at $9.04 with 5.97 million shares getting traded. Post opening the session at $9.07, the shares hit an intraday low of $8.85 and an intraday high of $9.08 and the price vacillated in this range throughout the day. The company has a market cap of $3.60 billion and the numbers of outstanding shares have been calculated to be 400.87 million shares.
Brocade Communications Systems, Inc. (BRCD) on Sep 7, 2016 announced the Strategic Collaboration Program to formalize and increase its level of engagement with alliance partners. A mutually beneficial program between Brocade and its named alliances, the Strategic Collaboration Program fosters an open, ecosystem-driven approach to help customers build New IP networks that can serve as a platform for innovation and for developing, delivering and securing new applications.
Old IP networks are characterized by closed systems in which innovation cycles are constrained by one vendor, interoperation is limited and costs are high. In contrast, New IP networks are open and multivendor in nature allowing organizations to accelerate their pace of innovation by tapping into a pool of resources and best-in-class technologies. The ecosystem-centric approach of Brocade’s Strategic Collaboration Program empowers vendors and customers to rapidly co-create innovative applications to stay ahead of the competition.
“An ecosystem built needs to embrace true openness,” said Ray Mota, chief executive officer and principal analyst, ACG Research. “Brocade is demonstrating the disruptive power of building such an ecosystem, and this program will help assure their customers that they will benefit from the ability to plug-and-play Brocade’s technologies across a wide group of technology partners.”
Shares of QUALCOMM, Inc. (NASDAQ:QCOM) ended Monday session in green amid volatile trading. The shares closed up +1.73 points or 2.86% at $62.25 with 10.16 million shares getting traded. Post opening the session at $60.23, the shares hit an intraday low of $59.93 and an intraday high of $62.27 and the price vacillated in this range throughout the day. The company has a market cap of $88.56 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.
“Qualcomm Technologies continually strives to improve our manufacturing footprint in China and the formation of Qualcomm Communication Technologies in Shanghai is another example of this dedication,” said Frank Meng, chairman, Qualcomm China.
“We are excited to work with Qualcomm Technologies in their new test operation in China,” said Steve Kelley, Amkor’s president and chief executive officer. “Amkor offers the most advanced outsourced assembly and test technologies in China, and this expanded relationship is a natural extension of the long history of close collaboration between our two companies.”