Divestitures, Executive Appointments, Senior Convertible Offerings, Dividends, and Conferences - Research Report on Qualcomm, Motorola Solutions, JDSU, Harris, and Arris
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NEW YORK, August 29, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting Qualcomm Incorporated (NASDAQ: QCOM), Motorola Solutions, Inc. (NYSE: MSI), JDS Uniphase Corporation (NASDAQ: JDSU), Harris Corporation (NYSE: HRS), and Arris Enterprises, Inc. (NASDAQ: ARRS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Qualcomm Incorporated Research Report
On August 23, 2013, Qualcomm Incorporated (Qualcomm) announced that it has formally entered into a definitive agreement with Vista Equity Partners (Vista), for the divestiture of its subsidiary Omnitracs, Inc. (Omnitracs). The Company reported that Vista will purchase Omnitracs, subject to the terms and conditions of the definitive agreement, for $800 million in cash. Derek Aberle, Executive Vice President and Group President of Qualcomm, said, "Vista's long-term investment focus and experience helping software, data and technology-enabled businesses drive growth and leadership positions is a great fit for the Omnitracs business and management team. We look forward to witnessing their continued success together." The Company expects the transaction to be completed during Q1 FY 2014. The Full Research Report on Qualcomm Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-27/QCOM]
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Motorola Solutions, Inc. Research Report
On August 22, 2013, Motorola Solutions, Inc. (Motorola Solutions) announced that it has appointed Steve Crutchfield as Managing Director of Australia and New Zealand, with immediate effect. Motorola Solutions reported that Crutchfield will be responsible for a number of key countries in the Asia Pacific and Middle East region, including Australia, New Zealand, Vietnam, Thailand, Indonesia, the Philippines, and India. The Full Research Report on Motorola Solutions, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-27/MSI]
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JDS Uniphase Corporation Research Report
On August 21, 2013, JDS Uniphase Corporation (JDSU) announced that it has completed the sale of its $650 million aggregate principal amount of 0.625% senior convertible debentures due 2033 (the notes), including $75 million aggregate principal amount of notes related to the initial purchasers' over-allotment option, which was exercised in full. JDSU reported that the net proceeds of the offering was approximately $636 million after deducting the initial purchasers' discounts and estimated offering expenses. Rex Jackson, Executive Vice President and CFO, stated, "The completion of this senior convertible offering further strengthens JDSU's balance sheet, with cash and short term investments now in excess of $1 billion." Jackson continued, "The opportunity to raise additional funds with favorable terms provides JDSU with increased financial flexibility as we execute our growth strategy." The Full Research Report on JDS Uniphase Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-27/JDSU]
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Harris Corporation Research Report
On August 26, 2013, Harris Corporation (Harris) announced that it has raised its quarterly cash dividend rate by 13.5% to $0.42 per share. Harris reported that the dividend of $0.42 per share is payable on September 24, 2013 to shareholders of record on September 10, 2013. Further, the Company's Board of Directors approved a new $1 billion share repurchase authorization, which is in addition to an existing repurchase program with an unused authorization of approximately $62 million. William M. Brown, President and CEO of Harris, said, "Harris continues to generate strong free cash flow. These actions demonstrate our continued confidence in the company's long-term outlook and our commitment to create shareholder value through effective cash deployment." The Full Research Report on Harris Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-27/HRS]
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Arris Enterprises, Inc. Research Report
On August 22, 2013, Arris Enterprises, Inc. (Arris) announced that Robert Stanzione, the Company's Chairman and CEO, will participate in the Citi 2013 Global Technology Conference at the Hilton New York on September 4, 2013. Arris reported that the audio-webcast will be accessible on the Company's website at approximately 7:30 a.m. EDT. The Full Research Report on Arris Enterprises, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-27/ARRS]
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