Top News : Cisco Systems, Inc. (NASDAQ:CSCO), American International Group, Inc. (NYSE:AIG), Millennial Media Inc. (NYSE:MM), SeaChange International Inc. (NASDAQ:SEAC), Barrick Gold Corporation (NYSE:ABX)

Technology Stocks News 4

Networking giant Cisco Systems, Inc. (NASDAQ:CSCO), is said to be in the midst of a massing internal reorganization of its exchanging and routing-engineering units. Those two parts of the San Jose, Calif-based company occur to be the crown jewels of its many processes. Uncertainty about how reorganization may evolve prompted shares to drop in morning trading though the stock bounce back later in the day to went up 0.10% at $24.66. Shares were down 0.8% during Thursday session. Cisco Systems, Inc. (NASDAQ:CSCO) belongs to Technology sector. Its net profit margin is 16.70% and weekly performance is -3.47%. On last trading day company shares ended up $24.19. Cisco Systems, Inc. (NASDAQ:CSCO) distance from 50-day simple moving average (SMA50) is -2.45%.

American International Group (NYSE:AIG) has increased its excess casualty liability limits for Class 1 railroads in the US and Canada to $1bn per occurrence. The expanded coverage for cat losses is one of the largest capacities offered to the rail industry by a single insurer and would sit above $1.5bn in underlying limits, AIG said. American International Group, Inc. (NYSE:AIG) shares fell -3.06% in last trading session and ended the day at $50.42. AIG return on assets is 1.60%. American International Group, Inc. (NYSE:AIG) quarterly performance is -7.32%.

Mississippi’s public pension fund has launched a shareholder class action against Millennial Media Inc. (NYSE:MM), claiming the mobile ad purveyor deceived investors about the viability of its technology platform prior to its $152 million initial public offering and a subsequent $162 million stock sale. On 09 October, Millennial Media Inc. (NYSE:MM) shares fell -3.68% and was closed at $1.83. MM EPS growth in last 5 year was -6.70%. Millennial Media Inc. (NYSE:MM) year to date (YTD) performance is -74.83%.

Jim Roumell, the manager of Roumell Asset Management, is bullish on SeaChange International (NASDAQ:SEAC) and despite the stock’s weak performance, he believes that the company can turn around, which is why his fund upped its activist stake in the company to 2.02 million shares, from 1.69 million shares disclosed in the latest 13F filing. The stake amasses 6.2% of the company’s outstanding stock. SeaChange International Inc. (NASDAQ:SEAC) ended the last trading day at $7.01. Company weekly volatility is calculated as 3.24% and price to cash ratio as 2.23. SeaChange International Inc. (NASDAQ:SEAC) showed a weekly performance of -0.43%.

Mineral producers have repeatedly been accused of tax avoidance in the country, allegations they deny. First Quantum Minerals Ltd. and Barrick Gold Corporation (NYSE:ABX) have open-pit mines in Zambia, while Vedanta Resources Plc (VED) and Glencore Plc have underground operations. The country lost its place last year as Africa’s biggest copper producer to the Democratic Republic of Congo. Barrick Gold Corporation (NYSE:ABX) shares fell -3.06% in last trading session and ended the day at $13.93. ABX Gross Margin is 37.30% and its return on assets is -7.40%. Barrick Gold Corporation (NYSE:ABX) quarterly performance is -27.60%.

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