Company News for December 16, 2011 - Corporate Summary

By Zacks Equity Research,

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•    Share prices of wireless applications, CalAmp Corp. (NASDAQ: CAMP ) gained 11.93% after the company said it has commenced shipping a new whole-home video and data networking product to its primary North American direct-broadcast satellite customer

•    Shares of FedEx Corp. (NYSE: FDX ) advanced 8% to close at $83.47 a share after the shipment company' income almost doubled in its second quarter

•    Lam Research Corp. (NASDAQ: LRCX ) agreed to acquire Novellus systems, Inc. (NASDAQ: NVLS ) in a stock-swap transaction valued around $3.3 billion. Following the announcement, shares of Novellus rallied 16.34% to end the day at $40.37

•    Japan's Fujifilm Holdings Corp. plans to acquire ultrasound-equipment maker SonoSite, Inc. (NASDAQ: SONO ) in a deal worth $955 million

•    Share prices of Nordson Corp. (NASDAQ: NDSN ) fell 9.21% after the sealant maker's first-quarter outlook came in below the Street's expectations

CALAMP CORP ( CAMP ): Free Stock Analysis Report
FEDEX CORP ( FDX ): Free Stock Analysis Report
LAM RESEARCH ( LRCX ): Free Stock Analysis Report
NORDSON CORP ( NDSN ): Free Stock Analysis Report
NOVELLUS SYS ( NVLS ): Free Stock Analysis Report
SONOSITE INC (SONO): Free Stock Analysis Report
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Investing Ideas , Stocks
Referenced Stocks: CAMP , FDX , LRCX , NDSN , NVLS

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