Kolkata, West Bengal -- (SBWIRE) -- 09/23/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Sirius XM Radio Inc(NASDAQ:SIRI), Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), BlackBerry Ltd (NASDAQ:BBRY).
Sirius XM Radio Inc(NASDAQ:SIRI) shares decreased 0.76% to $3.93. The company on Sept. 19 said it intends to offer $600 million of Senior Notes due 2020 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S of the Securities Act. SiriusXM intends to use the net proceeds from any such offering, together with cash on hand, to redeem its outstanding 7.625% Senior Notes due 2018.
Additionally, SIRI and Bleacher Report announced that they have teamed up to create an all-new daily sports talk program launching Monday, September 16. Bleacher Report Radio, which will be hosted by SiriusXM's Steve Covino and Rich Davis, will air nationwide every weekday (11:00am-1:00pm ET/8:00am-10:00am PT) on SiriusXM Sports Zone (Sirius channel 92 and XM channel 208).
Should Investors Buy SIRI After Yesterday’s Jump? Find Out Here
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) shares increased 7.17% to $10.76. The company announced the Company attended two investor conferences in September 2013. Credit Suisse Asian Technology Conference 2013 on September 11-13, 2013 at Grand Hyatt Hotel, Taipei TAIWAN and Oppenheimer 1st Emerging Innovations Conference: Next Gen Display & Touch Technologies September 17, 2013 at Grand Hyatt, New York City US.
Additionally, the company on August 15 said its second-quarter net income rose 29% as small and medium-sized panel driver sales increased. The company earned $19.4 million, or 11 cents per share, for the period ended June 30. That's up from $15.1 million, or 9 cents per shares, a year ago. Adjusted earnings were 12 cents per share. Analysts, on average, expected earnings of 11 cents per share. Revenue climbed 9 percent to $207 million from $189.5 million.
Is HIMX A Good Buy After The Recent Price Movement? Find Out Here
BlackBerry Ltd (NASDAQ:BBRY) shares declined 17.06% to $8.73. The company on Sept. 20 warned it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its global workforce, rekindling fears of the company's demise and sending its shares into a tailspin.
The company said it expects its adjusted net loss, before giving effect to the inventory and restructuring provisions, will be in a range of about $250 million to $265 million, or a loss of 47 cents to 51 cents a share. BlackBerry sees about $1.6 billion of revenue in the second quarter, of which roughly 50 percent is expected to be revenue from its services unit. Analysts, on average, had forecast a loss of 15 cents a share on revenue of $3.06 billion.
Additionally, the company on Sept. 18 launched its new Z30 flagship smartphone, as it battles to win back market share despite uncertainty around its future. Once a pioneer in the smartphone arena, BlackBerry said last month it was weighing options that could include an outright sale, in the face of lacklustre sales for its new devices that run on the BlackBerry 10 operating system.
Is BBRY A Good Buy After The Recent Price Movement? Find Out Here
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