Log in

Admin TOA

Admin TOA

Symantec Sells SSL Business to DigiCert for $950M in Cash and 30% Shares

In the face of devastating penalties prepared by Google, Symantec announced plans to sell its SSL issuance certificate business to rival company DigiCert. The price of the acquisition is $950 million in upfront cash and a 30 percent stake in DigiCert stock at the closing of the transaction. At the time of writing, Symantec was the third largest SSL provider on the market after Comodo and IdenTrust, with a market share of 14% and SSL certificates running on 5.5% of the Internet's domains. DigiCert is ranked sixth with a 2.2% market share and certificates on 0.9% of the Internet's sites. On the other hand, DigiCert has a bigger presence in the IoT market, where its SSL certs are often used to encrypt traffic between smart devices and vendor servers.

Chobani Refocuses Marketing and Sales Around Demand Creation

Ten years ago, newcomer Chobani was excited when a small Long Island grocer became the first to stock its Greek yogurt. Then came another. And another. Now, as a $1.5 billion giant with the country's single leading yogurt brand, Chobani wants to dominate even further and unseat Dannon as the largest U.S. yogurt maker. To help, Chobani is rolling out a new organizational structure focused on what its chief marketer calls demand creation. Sales, marketing, insights, product innovation and other areas, which were largely separate, are now housed in one demand department as Chobani aims to do more with more speed and agility.

Teachers Retirement System Of The State Of Kentucky Has Boosted Its Maxim Integrated Products (MXIM) Holding by $1.19 Million as Stock Rose

Teachers Retirement System Of The State Of Kentucky increased its stake in Maxim Integrated Products (MXIM) by 22.01% based on its latest 2016Q4 regulatory filing with the SEC. Teachers Retirement System Of The State Of Kentucky bought 31,218 shares as the company’s stock rose 3.86% with the market. The institutional investor held 173,040 shares of the technology company at the end of 2016Q4, valued at $6.67M, up from 141,822 at the end of the previous reported quarter. Teachers Retirement System Of The State Of Kentucky who had been investing in Maxim Integrated Products for a number of months, seems to be bullish on the $12.90B market cap company. The stock rose 0.50% or $0.23 reaching $45.67 per share. About 1.33 million shares traded. Maxim Integrated Products Inc. (NASDAQ:MXIM) has risen 31.27% since August 1, 2016 and is uptrending. It has outperformed by 14.57% the S&P500.

‘Turkey Has A Big Role to Play’ in Syria, US Secretary of State Tillerson Says

U.S. Secretary of State Rex Tillerson recognized Turkey's role in resolving the ongoing Syrian crisis during a press briefing Tuesday. Speaking about the situation in Syria and related peace processes, Tillerson said that there were two conflicts underway in Syria: the war against Daesh and the civil war "that created the conditions for [Daesh] to emerge," which is why the U.S. had been hoping to avoid the outbreak of civil war.

Subscribe to this RSS feed