U.S. Steel (X) shares +4.3% in what seems like somewhat of a delayed reaction - if indeed it is that - to the appointment yesterday of Mario Longhi as COO to replace John Goodish, who retired in late 2010. Shares have climbed 14% over the past month, but are still down over 50% since July 2011.
MIPS (MIPS -2.1%) trades lower after reaching a patent licensing deal with Broadcom (BRCM +0.6%). In exchange for $26.5M plus "other consideration," Broadcom obtains a non-exclusive license for the use of MIPS' IP in its products. In addition, Broadcom, which has long used MIPS' CPU cores in its set-top box processors, is taking out a multi-year extension for its license to use MIPS' cores. Activist fund Starboard Value has been pushing MIPS to better monetize its patents.
MIPS (MIPS -2.1%) trades lower after reaching a patent licensing deal with Broadcom (BRCM +0.6%). In exchange for $26.5M plus "other consideration," Broadcom obtains a non-exclusive license for the use of MIPS' IP in its products. In addition, Broadcom, which has long used MIPS' CPU cores in its set-top box processors, is taking out a multi-year extension for its license to use MIPS' cores. Activist fund Starboard Value has been pushing MIPS to better monetize its patents.
More Stocks News
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/
