Ciena Corporation (NASDAQ:CIEN) went up 0.88% to
$16.14. Ciena Corporation announced that the Company and its BizConnect
Platinum partner Telrad, have been selected by Cal to build a high-capacity,
low-latency private optical network connecting its new data centre in Yehud to
its main facilities in Giv`atayim. The metro network was recently installed in
an aggressive timeframe and allows Cal to address business growth and local
disaster recovery requirements.
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Apple Inc (NASDAQ:AAPL) jumped up 2.05% to $597.01.
According to the New York Times, Apple Inc talked in recent months with Twitter
Inc about making an investment in the social media site in the hundreds of
millions of dollars. The newspaper said that the value of Twitter could more
than $10 billion.
Texas Instruments Incorporated (NASDAQ:TXN) is
currently trading at $27.33. The Company intends to offer approximately $1.0
billion of senior unsecured notes. Actual terms of the notes, including
interest rate, principal amount, redemption provisions and maturity will depend
on market conditions at the time of pricing. The Company intends to use the net
proceeds of this offering for general corporate purposes.
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Trend Analysis on TXN
Trina Solar Limited (ADR) (NYSE:TSL) declined 2.96%
to $5.25 after the Company provided an update on the second quarter 2012. The
Company expects solar module shipments in the second quarter of 2012 to be
between 390 MW to 420 MW. The Company will announce its second quarter 2012
results on August 21, 2012.
Arrow Electronics Inc (NYSE:ARW) went down 0.83% to
$34.58. The Company reported second quarter profit of $114.4 million or $1.02
per share compared to $156.2 million or $1.33 per share in the prior year
period. Revenue decreased 7% to $5.15 billion. The Company forecasted earnings
per share of $1.08 to $1.20 per share on revenue between $5.04 billion and
$5.44. billion. Gross margin declined to 13.3% from 13.9%. Sales in the
components division decreased 11%.
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