Kolkata, West Bengal -- (SBWIRE) -- 09/09/2013 -- 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 Seven Arts Entertainment Inc(PINK:SAPX), Advanced Micro Devices, Inc. (NYSE:AMD), Alcatel Lucent SA (ADR) (NYSE:ALU).
Seven Arts Entertainment Inc(PINK:SAPX) shares declined 34% to $0.0033. The company on Sept. 4 announced today that, effective August 29, 2013, Mr. Vince Vellardita has resigned as Chairman and a Director of the Company.
Is SAPX A Strong At The CMP? Get Advantage Of Our Free Trend Analysis Here
Mr Vellardita stated, "I realized that, with the multitude of things happening in my life, I simply cannot devote the time and commitment the Company needs from me at this time. I wish Seven Arts all the best in its future endeavors."
Additionally, the company, on August 15, announced it has announced it has successfully concluded an audit of tax credits associated with the motion picture, Schism, and sold those tax credits for cash under the Louisiana tax credit system for an amount in excess of $275,000. These funds will be primarily used to finish the post-production on Schism, which will be delivered on or about August 31, 2013.
Advanced Micro Devices, Inc. (NYSE:AMD) shares climbed 4.69% to $3.57. The company on Sept. 2 announced a double win at the International Public Relations Association's 2013 Golden World Awards. AMD was named winner in two categories for its PR campaign conceived for the launch of the AMD Radeon™ HD 7990 graphics card.
Is AMD A Good Buy After The Recent Price Movement? Find Out Here
Additionally, the company on August 22 announced that its Singapore subsidiary, Advanced Micro Devices (Singapore) Pte Ltd. (AMD Singapore), has entered into a conditional put-and-call option agreement to sell and lease-back its Singapore facility located at 508 Chai Chee Lane, Singapore 469032 to HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT). The transaction is expected to generate proceeds of approximately 59 million Singapore dollars (USD$46 million), net of all fees, which will be reflected in AMD's third quarter 2013 financial statements when reported on Oct. 17, 2013.
Alcatel Lucent SA (ADR) (NYSE:ALU) shares climbed 1.61% to $3.15. The company on August 28 announced that it has appointed Jean Raby as its new finance chief, as the telecommunications-equipment maker continues its turnaround under the leadership of its new chief executive. Mr. Raby, 49, a former partner and managing director at Goldman Sachs Group Inc.'s investment bank division, will become chief financial and legal officer as of Sept. 1, replacing Chief Financial Officer Paul Tufano, the company said.
Should Investors Rush To Buy ALU After The Solid Rally? Get Special Report Here
Additionally, the company on August 10 lowered the interest rate it will pay on a $1.74 billion, six-year term portion to 4.75 percentage points more than the London interbank offered rate with a 1 percent minimum, down from 5 percentage points, according to a person with knowledge of the transaction. A 299 million-euro ($399 million) portion, also due in six years, will pay 5.25 percentage points more than the lending benchmark, in line with what was initially proposed, said the person, who asked not to be identified because terms are private.
Moreover, the company is seeking to reduce the rate on about $2.1 billion of loans it obtained in January, according to a person with knowledge of the deal on August 1.
Specialpennystockalert.com is engaged in providing the most up to date and useful information on Microcap Stocks poised to breakout. Specialpennystockalert.com also provides investors with trend analysis, detailed company profiles, and most importantly a much needed "informational edge" which can be used as a tool for making investment decisions. To Receive Instant updates in the inbox, readers are advised to sign up for free at Specialpennystockalert.com.
The assembled information disseminated by Specialpennystockalert.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Specialpennystockalert.com does expect that investors will buy and sell securities based on information assembled and presented in phd-trading.com. PLEASE always do your own due diligence, and consult your financial advisor.
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)