Shares of HP Inc (NYSE:HPQ) ended Tuesday session in red amid volatile trading. The shares closed down -0.02 points or -0.14% at $14.54 with 8.22 million shares getting traded. Post opening the session at $14.64, the shares hit an intraday low of $14.52 and an intraday high of $14.67 and the price vacillated in this range throughout the day. The company has a market cap of $24.93 billion and the numbers of outstanding shares have been calculated to be 1.71 billion shares.
HP Inc (HPQ) on Sep 20, 2016 announced a commitment to open new HP Learning Studios in the Middle East. HP will work with Digital Promise Global, the Global Business Coalition for Education, Microsoft and Intel to establish centers equipped with computer systems and teacher training services to give refugee students access to the latest education technology and provide adults with the opportunity to learn essential business and IT skills.
This week, HP also committed to provide technology and HP LIFE training resources to the International Medical Corps Livelihoods Center pilot in Istanbul, Turkey. As part of this initiative, HP will make online freelance opportunities available to refugees. In addition, HP agreed to support the opening of two Lynke and Blue Rose Compass tech centers for refugees, also in the Middle East. These centers will provide training and support for refugees in app design and other technical work. In total, HP is committing more than US$1 million in technology and training support to help refugees, alleviate poverty, and improve the lives of more than 100,000 people in the coming year.
“The refugee community is full of untapped potential, but is challenged with growing those talents and skills due to a lack of access to technology and the digital world,” explained Nate Hurst, HP Chief Sustainability and Social Impact Officer. “By opening these new HP Learning Studios and supporting a variety of initiatives, HP is empowering refugees to build a better, more prosperous life through access to quality education and employment opportunities.”
Shares of Oclaro, Inc. (NASDAQ:OCLR) ended Tuesday session in red amid volatile trading. The shares closed down -0.48 points or -5.27% at $8.62 with 8.03 million shares getting traded. Post opening the session at $8.94, the shares hit an intraday low of $8.45 and an intraday high of $9.07 and the price vacillated in this range throughout the day. The company has a market cap of $1.30 billion and the numbers of outstanding shares have been calculated to be 112.21 million shares.
Oclaro, Inc. (OCLR) on Sept. 19, 2016 announced that it intends to offer, subject to market conditions and other considerations, 13,000,000 newly issued shares (the “Shares”) of common stock, $0.01 par value per share, in an underwritten public offering (the “Offering”). In addition, Oclaro expects to grant the underwriters a 30-day option to purchase up to 1,950,000 additional Shares. The final terms of the Offering will depend on market and other conditions at the time of pricing.
Oclaro intends to use the net proceeds from the offering for general corporate purposes, including working capital, capital expenditures, other corporate expenses and acquisitions of complementary products, technologies or businesses. Oclaro does not have agreements or commitments for any specific acquisition at this time.