Alphabet Inc. (NASDAQ:GOOG) Will Contest In Court Russian Antitrust Agency's Ruling- Mellanox Technologies (NASDAQ:MLNX), Ebix Inc. (NASDAQ:EBIX) | The Cinema Post
Saturday , October 19 2019
Home / Business News / Alphabet Inc. (NASDAQ:GOOG) Will Contest In Court Russian Antitrust Agency’s Ruling- Mellanox Technologies (NASDAQ:MLNX), Ebix Inc. (NASDAQ:EBIX)

Alphabet Inc. (NASDAQ:GOOG) Will Contest In Court Russian Antitrust Agency’s Ruling- Mellanox Technologies (NASDAQ:MLNX), Ebix Inc. (NASDAQ:EBIX)

Alphabet Inc. (NASDAQ:GOOG) traded at $728.31 with declines of -0.09% during Tuesday trading session. Google (GOOG) stated that it will contest in court the Russian antitrust agency’s ruling so as to it broke contenders law by abusing its dominant position with its Android mobile platform, the U.S. technology giant stated on Tuesday. Russia’s competition watchdog ruled in September that Google had broken the law by requiring pre-installation of certain applications on mobile devices running on Android. “We intend to contest this decision and explain in court why we consider it unfounded,” the firm stated in its official Russian blog.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) was amid bears of the day as shares slightly up 0.02% to trade at $45.00. Mellanox Technologies (MLNX) released that Texas Advanced Computing Center has designated Mellanox’s end-to-end 100Gbs EDR interconnect solutions to develop EDR high-performance computing cluster. Co also reported that the Council for Scientific and Industrial Research has selected Mellanox’s end-to-end InfiniBand solution to connect its next-generation petaflop-capable supercomputer. The stock outstanding shares were 46.81 while its market cap was 2.12 Billion. The stock opened at $45.040. And its 52-week range was 32.240 – 52.770.

Ebix Inc. (NASDAQ:EBIX) jumped up 4.05% to trade at $36.73 with shares volume of 80765. Ebix sends letter to Xchanging Plc’s Board outlining its interest in making an proposal to attain it for 175 pence/share GBP 450 million. Based on the number of Xchanging Plc ordinary shares in issue and to be issued of 257,377,471, Ebix’s proposal values Xchanging at about 450 million ($685 million based on a US$:GBP exchange rate of 1.52:1), representing a premium of over 9 percent to Capita Plc’s all cash proposal of 160 pence per share, and a premium of over 3 percent to Computer Sciences Corporation’s (CSC) all cash proposal of 170 pence per share. Ebix has retained the investment banking advisory firms Spayne Lindsay & Co. and Kinmont of London, and Peter J. Solomon Firm of New York, for help with Ebix’s interest in making an proposal and any stearnings per share that might be required in the future. The Firm showed a positive 28.90% in the net profit margin and in addition to its operating margin, which remained 32.70%.

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