Shares of Line Corp (ADR) (NYSE:LN) ended Monday session in green amid volatile trading. The shares closed up +0.53 points or 1.15% at $46.71 with 1.74 million shares getting traded. Post opening the session at $46.50, the shares hit an intraday low of $45.60 and an intraday high of $47.70 and the price vacillated in this range throughout the day. The company has a market cap of $10.34 billion and the numbers of outstanding shares have been calculated to be 216.98 million shares.
Line Corp (ADR) (LN) develops and provides platform for mobile messaging and communication services, content distribution, and advertising in Japan and internationally. The company offers LINE, a cross-platform messenger application that enables users to communicate through free instant messaging, and voice and video calls, as well as serves as a smart portal to its other applications and services. It also provides communication and content sales and advertising services through the LINE platform; and advertising services are through LINE advertising, livedoor blog, and NAVER Matome Web portals. The company was formerly known as NHN Japan Corporation and changed its name to LINE Corporation in April 2013. The company was incorporated in 2000 and is based in Tokyo, Japan. LINE Corporation operates as a subsidiary of Naver Corporation.
Shares of Maxim Integrated Products Inc. (NASDAQ:MXIM) ended Monday session in red amid volatile trading. The shares closed down -0.35 points or -0.90% at $38.65 with 2.17 million shares getting traded. Post opening the session at $38.84, the shares hit an intraday low of $38.54 and an intraday high of $38.92 and the price vacillated in this range throughout the day. The company has a market cap of $10.89 billion and the numbers of outstanding shares have been calculated to be 283.51 million shares.
On Sept. 7, 2016 New cell-string optimizer technology from Maxim Integrated Products, Inc. (MXIM) allows photovoltaic (PV) panels to harvest significantly more energy and simplifies design complexity for solar installation projects.
Maxim’s cell-string optimizers are highly integrated DC-DC converters that replace the bypass diode and perform maximum power point tracking (MPPT) deep inside the PV module. By replacing each diode with a MPPT device, the on-off response to performance mismatch is eliminated; every cell-string contributes maximum power without interfering with the power production capability of others. This enhanced degree of flexibility leads to increased energy production; eliminating collateral performance loss due to module mismatch, degradation, soiling, localized shading, and row shading loss mechanisms.
Based on the company’s industry leading power semiconductor technology, Maxim’s cell-string optimizer is the first integrated power IC to perform MPPT and first to be embedded within the PV module.