Hot Movers: Telephone & Data Systems, Inc. (NYSE:TDS), Alaska Communications Systems Group Inc (NASDAQ:ALSK), Affymetrix, Inc.(NASDAQ:AFFX), YY Inc (ADR) (NASDAQ:YY)
Telephone & Data Systems, Inc. (NYSE:TDS) shares jumped 6.79% and closed at $28.64 in the last trading session. M/C Partners on August 5 announced the closing of the sale of the firm’s portfolio company, Baja Broadband, LLC (“Baja”), a cable company headquartered in Alamogordo, New Mexico, to Telephone and Data Systems, Inc. (NYSE: TDS). The base all-cash consideration for Baja was valued at the previously announced $267.5 million. The transaction was first announced in February 2013.
Alaska Communications Systems Group Inc (NASDAQ:ALSK) stock jumped 6.35% to $3.35. ALSK and General Communication, Inc. (“GCI”) (NASDAQ:GNCMA) on July 23 announced the companies have completed the previously announced transaction to form The Alaska Wireless Network, LLC (“AWN”). Alaska Communications and GCI, leading wireless providers in Alaska, have each contributed their respective wireless assets, including spectrum licenses, cell sites, backhaul facility usage rights, and other assets necessary for AWN to design, build, and operate a statewide wireless network.
Affymetrix, Inc.(NASDAQ:AFFX) shares increased 6.33% to $4.70. The company on July 31 reported its operating results for the second quarter of 2013. Product revenue for the second quarter of 2013 was $74.2 million and service and other revenue was $5.3 million. For the second quarter of 2013, operating expenses were $45.1 million on a GAAP basis as compared to $54.1 million in 2012. Excluding Non-GAAP adjustments such as the amortization of acquired intangible assets and non-recurring charges, operating expenses were $42.0 million, compared to an adjusted total of $48.3 million in 2012.
YY Inc (ADR) (NASDAQ:YY) shares gained 5.96% to $44.29. The company on August 1 announced its unaudited financial results for the second quarter ended June 30, 2013. Second quarter Net revenues increased by 117.8% to RMB409.0 million (US$66.6 million) from RMB187.8 million in the corresponding period of 2012, primarily driven by a 132.0% increase in revenues from internet value-added services, or IVAS, revenues. Net income attributable to YY Inc. increased by 436.7% to RMB92.8 million (US$15.1 million) from RMB17.3 million in the corresponding period of 2012. Non-GAAP net income attributable to YY Inc.  increased by 184.1% to RMB125.1 million (US$20.4 million) from RMB44.0 million in the corresponding period of 2012.