Los Angeles, CA, Nov 29, 2012 (eTeligis.com via COMTEX)
OCZ Technology Group Inc.(NASDAQ:OCZ) shares gained 24.44% to $1.68 in the morning hour after the company announced the availability of its new SATA III-based Vector SSD Series featuring the company's next-generation Indilinx Barefoot 3 controller. OCZ's worldwide technology hardware and firmware teams developed the new controller silicon and firmware completely in-house to enable full design control over the Vector SSD Series roadmap, while delivering exceptional I/O performance, enhanced reliability and endurance, and a host of differentiated features to empower high performance laptops, desktops, and workstations with superior storage capabilities.
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Tesla Motors Inc(NASDAQ:TSLA) stock climbed 0.81% to $33.50. The company unveiled the Model S in March 2009 with a base price of $57,400 ($49,900 after federal tax credits). Model S is the most award-winning car of the year and the base price remains at $57,400, the same price set over three and a half years ago. During this same period of time most automotive companies have had at least three price increases and general inflation (CPI) has gone up 8.75%.
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Knight Capital Group Inc.(NYSE:KCG) stock fell 3.80% to $3.28 after Getco Holding Co. offered to buy KCG for $3.50 a share. In a letter to shareholders filed with the Securities and Exchange Commission, Getco CEO Daniel Coleman said the deal "would unlock tremendous value for the shareholders of both firms while establishing a global leader in market-making and agency execution". The proposal is structured to allow Knight's shareholders to receive a significant cash payment while being able to retain a meaningful equity stake to share in the upside of the publicly-traded, combined company.
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A123 Systems(PINK:AONEQ) shares dropped 2.11% to $0.0880 in the early hour after the U.S. government said bankrupt A123 Systems Inc cannot be sold without its consent because the company received a $249 million grant from the Energy Department. Johnson Controls Inc (JCI.N) of Milwaukee and China's Wanxiang Group Corp are battling over who will buy A123.
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Target Corporation(NYSE:TGT) shares declined 1.19% to $62.06 in the morning hour after the company reported that its net retail sales for the four weeks ended November 24, 2012 were $6,183 million, a decrease of 0.1% from $6,191 million for the four weeks ended November 26, 2011. On this same basis, November comparable-store sales decreased 1.0%.
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