|By PR Newswire||
|June 7, 2013 08:00 AM EDT||
NEW YORK, June 7, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting ExactTarget Inc. (NYSE: ET), QLogic Corporation (NASDAQ: QLGC), Oi SA (NYSE: OIBR), Ambarella Inc. (NASDAQ: AMBA), and Responsys Inc. (NASDAQ: MKTG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
ExactTarget Inc. Research Report
On June 4, 2013, Salesforce.com (salesforce.com) and ExactTarget Inc. (ExactTarget) announced that they have entered into a definitive agreement under which salesforce.com will acquire ExactTarget in a transaction valued at approximately $2.5 billion. Under the terms of the transaction, salesforce.com will commence a tender offer to acquire all the outstanding shares of ExactTarget for $33.75 per share in cash, subject to customary closing conditions, including the receipt of a majority of ExactTarget shares in the tender offer and expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The transaction was unanimously approved by the Board of Directors of both companies and is expected to close late in salesforce.com's fiscal second quarter, ending July 31, 2013. The Full Research Report on ExactTarget Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3d1e_ET]
QLogic Corporation Research Report
On June 4, 2013, QLogic Corporation (QLogic) announced that it is implementing a restructuring plan designed to streamline business operations with the goal of driving long-term profitable growth. The restructuring plan includes a workforce reduction, the consolidation of several engineering activities, and enhanced product development focus. QLogic expects these restructuring actions to be substantially completed within the next 12 months. Once implemented, these restructuring actions are expected to achieve annualized cash savings of approximately $20 million, primarily in operating expenses. QLogic plans to reinvest these savings in the development of new products and programs. The Company also expects to incur pre-tax GAAP charges between $20 million and $23 million in connection with these restructuring actions, the majority of which will be recorded during the first half of FY 2014. The Full Research Report on QLogic Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/81ad_QLGC]
Oi SA Research Report
On June 4, 2013, Oi SA (Oi) announced that its Board of Directors, following the recommendation of Telemar Participações S.A., approved the replacement of its current CEO, Mr. José Mauro Mettrau Carneiro da Cunha, by Mr. Zeinal Abedin Mahomed Bava, to serve his current term ending on the first meeting of the Board of Directors to be held after the 2014 Ordinary General Shareholder's Meeting. The Company reported that Mr. da Cunha returns to the Board of Directors as the Chairman of Oi, after stepping down from the position he had held earlier on January 22, 2013. Prior to this, Mr. Bava had presided over the Executive Committee of Portugal Telecom, SGPS, S.A. (Portugal Telecom), where he contributed to the formation of the Industrial Alliance currently in place between Oi Group and Portugal Telecom. The Full Research Report on Oi SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/7641_OIBR]
Ambarella Inc. Research Report
On June 4, 2013, Ambarella Inc. (Ambarella) announced its financial results for Q1 FY 2014 (period ended April 30, 2013). Revenue increased 30.9% YoY to $33.9 million. GAAP net income was $4.7 million or $0.16 per diluted ordinary share, compared with GAAP net income of $2.6 million or $0.07 per diluted ordinary share in Q1 FY 2013. Commenting on the results, Fermi Wang, President and Chief Executive Officer of Ambarella, said, "We are very pleased with our progress in the first fiscal quarter, with total revenue up 31% over the first quarter of last year and with the successful addition of new customers in key markets. During the quarter, we made excellent progress in the IP security camera market with new design wins at both professional and consumer IP-camera customers. We also saw especially strong revenue growth in the wearable sports camera category, led by market leader GoPro. In the automotive camera after-market, we continued to grow revenue while successfully expanding our customer base." The Full Research Report on Ambarella Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/7964_AMBA]
Responsys Inc. Research Report
On June 3, 2013, Responsys Inc. (Responsys) announced that it has been recognized as a "Visionary" in Gartner, Inc.'s May 2013 "Magic Quadrant for CRM Multichannel Campaign Management" (MCCM) report. Gartner describes "Visionaries" as companies that provide a strong vision for the campaign management market, or excel in advanced or emerging areas such as digital marketing. According to the Company, being named a Visionary validates its proven track record in the market, and that the Responsys Interact Marketing Cloud has become one of the leading solutions for companies looking to more effectively manage their digital relationships and interactions across email, mobile, social, display, and the web. The Full Research Report on Responsys Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3aab_MKTG]
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SOURCE Wall Street Reports
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