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Wednesday, September 5, 2012

Stocks In News: Microsoft (NASDAQ:MSFT) & MannKind Corporation(NASDAQ:MNKD)


Now Windows Server 2012 from Microsoft

In the lead up to the October release of Windows 8, Microsoft Corporation(NASDAQ:MSFT) is going to release the first major update to its server operating system since 2009.

According to the Redmond, Washington based company, Windows Server 2012 has features that enable easier remote management of large clusters of servers in data centers. The company is trying to make the most of the cloud computing trend that has pervaded the industry. This kind of computing involves spreading out of tasks over several servers that can be accessed through the Internet.

The last update to the Windows Server happened in 2009, when the second version of Windows Server 2008 was released. A preview version of Windows Server 2012 was introduced last year.

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The 2012 version runs on standard Intel style processors and does not support Hewlett Packard’s Itanium processors.

Possible new offering pushes down Mannkind’s Shares

In the pharmaceuticals space, shares of MannKind Corporation(NASDAQ:MNKD) declined on news that it may offer fresh common and preferred stocks as well as warrants and debt securities. The company which produces diabetes- related drugs on Friday registered the offering with the Securities and Exchange Commission. However, such a filing need not always translate to an actual offering. Even if the offer is made, it can be much lower than the registered $500 million. As of now, the company has approximately 199 million outstanding shares.

Can MNKD Bounce Back Now? Find Out Here

For several years now, the Valencia, California based company has been seeking approval for Afrezza, an inhaled insulin product. But the Food and Drugs Administration has not given its approval for either the drug or the inhaler. Mannkind is likely to complete more studies on the drug in the second quarter of next year and file the same with the FDA in the third quarter. The shares of the company slumped 6.30% to $2.53 on Tuesday.

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