Key Highlights: Genetic Technologies (GENE), Alcatel Lucent (ALU), WABCO Holdings (WBC)

Posted In Business, Healthcare, Technology - By Grant Murphy On Wednesday, September 24th, 2014 With 0 Comments

Dallas, Texas 09/24/2014 (ustradevoice) – Genetic Technologies Limited (ADR) (NASDAQ:GENE) has made casual appointment of two non-executive directors to join its Board. The company said David Carter and Dr. Lindsay Wakefield will be required to appear for re-election at the upcoming annual general meeting, according to the company’s constitution. Concerning the profile of the two appointees, Genetic Technologies (GENE) said that Carter is experienced as a corporate lawyer and adviser. He has also served in a number of corporate Boards. He is currently a director at Thorn Group Limited. On his part, Dr. Wakefield is the founder of Safetech, a company he founded in 1985 and became its fulltime CEO in 1993. His hands-one experience is expected to be an asset to Genetic Technologies Limited (ADR) (NASDAQ:GENE).

Alcatel Lucent SA (ADR) (NYSE:ALU) continues to drive innovation and the company just announced an optical line card. The product is designed to enable service providers to meet bandwidth demand without additional and usually huge investment. The single-carrier 100G and 200G DWDM is an industry first product, and its potentials are huge. The company said the line card plugs into 1830 Photonic Services Switch and provides network evolution for high-bandwidth for such services as HD video streaming. The increase in smartphones and devices that connect to the Internet has placed immense pressure on service providers, and that is one problem that the new card seek solve with great flexibility and also without much cost. Alcatel Lucent SA (ADR) (NYSE:ALU) is marking a big return, and it is relying on innovation to move its performance to the next level. It is worth recalling that ALU nearly went down the drain because of escalating costs and shrinking revenue.

WABCO Holdings Inc. (NYSE:WBC) has new fleet management product, and it comes in the form of OptiFlow Tail. The product was unveiled at the IAA Commercial Vehicles 2014 in Germany. The product promises to help with fuel economy and operational efficiencies, especially in trailers. The launch of the product comes just when WABCO Holdings Inc. (NYSE:WBC) recently updated its fiscal 2014 performance guidance. The company expects earnings in the band of $5.45-$5.75, which compares with the estimate of $5.62. It issued revenue guidance in the range of $2.888 – $2,965 billion, against the estimate of $2.95 billion.

About the Author

- Grant Murphy graduated from Florida State University with Master in Finance. His experience on WallStreet is depicted by the dept in his writing.

Leave a comment

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>