Thursday, September 20, 2012

Stocks In News (SWKS, ASTI, HPQ, AOL, SIRI)

Skyworks Solutions Inc(NASDAQ:SWKS) shares declined 6.95% to $27.44 after the company revised its financial outlook for the fourth quarter of fiscal 2012. The company currently anticipates fourth quarter revenue of $420 million, on the high end of its previous guidance range of $415 to $420 million. The company also expects to deliver non-GAAP earnings per share of $0.52 versus guidance of $0.50 to $0.51. Analysts expect the company to earn $0.51 per share on revenues of $419.78 million for the quarter.

Will SWKS Bounce Back After Today’s Fall? Find Out Here

Ascent Solar Technologies, Inc.(NASDAQ:ASTI) stock dropped 25.01% to $1.26 after the company announced its intention, subject to market and other conditions, to commence a public offering of its common stock. Ascent intends to use the net proceeds from the offering for general corporate purposes, including working capital, operations and other general corporate purposes. Aegis Capital Corp. is acting as the sole book-running manager for the offering.

Will ASTI Bounce Back After Today’s Fall? Find Out Here

Hewlett-Packard Company(NYSE:HPQ) shares fell 2.38% to $17.67. The company announced a new lineup of consumer PCs and accessories that are designed to work with Windows 8 and are ideal for savvy, tech-conscious users who desire great performance and beautiful design at a great value.

Additionally, the company this week said that said that it has resolved an ink cartridge patent infringement lawsuit with Brazil's Rio Branco Ltda., a distributor of Maxprint ink cartridges.

AOL, Inc.(NYSE:AOL) shares declined 0.55% to $34.41 in the early hour after the company, owner of the Huffington Post and TechCrunch, appointed Karen Dykstra as chief financial officer and added PepsiCo Inc. (PEP)’s Hugh Johnston as director.

Sirius XM Radio Inc(NASDAQ:SIRI) shares dropped 0.40% to $2.48. Liberty Media Corp. and its wholly-owned subsidiaries this week said that they now own 1.86 billion shares of Sirius XM’s common stock, representing around 32% of the outstanding shares, after converting around half of its preferred shares in the satellite radio company.

Additionally, Sirius XM Radio and Rotten Tomatoes expand their partnership with the launch of a new, second installment of Rotten Tomatoes Radio, the live, call-in show from the web’s most popular movie review destination hosted by Rotten Tomatoes’ Editor-in-Chief Matt Atchity and his editorial staff.

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