WWW - Posts tagged On2 Technologies at BloggingStocks

On2 Technologies posts

Google plunks down $106.5 million for its video ambitions

Posted Aug 5th 2009 1:50PM by Tom Taulli (RSS feed)
Filed under: Deals, Google (GOOG), Apple Inc (AAPL), Adobe Systems (ADBE)

While On2 Technologies (AMEX: ONT) has strong video compression solutions, the company failed to get much traction over the years (a key reason was the licensing fee structure). It's been especially painful for shareholders.

But today there was some good news: Google (NASDAQ: GOOG) agreed to purchase the company for $106.5 million in stock. On the news of the deal, On2's shares spiked 49% to $0.57.

Continue reading Google plunks down $106.5 million for its video ambitions

Analyst downgrades: MRK, AZN, MI, ONT and ZION

Posted Jul 7th 2008 11:44AM by Laurie Pasternack (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Merck and Co (MRK)

MOST NOTEWORTHY: Merck, On2 Technologies and Zions Bancorp were today's noteworthy downgrades:

UBS downgraded Merck & Co Inc (NYSE: MRK) to Neutral from Buy citing slowing Gardasil trends and vaccine supply issues.
Merriman cut On2 Technologies Inc (AMEX: ONT) to Neutral from Buy to reflect the reduced visibility into financials and management changes.
Baird downgraded shares of Zions Bancorporation (NASDAQ: ZION) to Neutral from Outperform to reflect deteriorating credit quality and growing capital concerns. The firm lowered their target price to $32 from $43.

OTHER DOWNGRADES:

AstraZeneca Plc (NYSE: AZN) was downgraded to Hold from Buy at Deutsche Bank.
JP Morgan lowered Marshall & Ilsley Corporation (NYSE: MI) to Underweight from Neutral.
Acme Packet Inc (NASDAQ: APKT) was downgraded to Neutral from Buy at Piper.