Early Movers: Tesla Motors Inc, Vringo, J.C. Penney Company
NEW YORK, April 01, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Tesla Motors Inc, Vringo, J.C. Penney Company.
Tesla Motors Inc (NASDAQ:TSLA) shares jumped 14.49% to $43.35. The company on April 1 announced that sales of its Model S vehicle exceeded the target provided in the mid February shareholder letter. As customers who note their Model S serial number this weekend will realize, vehicle deliveries (sales) exceeded 4,750 units vs. the 4,500 unit prior outlook. As a result, Tesla is amending its Q1 guidance to full profitability, both GAAP and non-GAAP.
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The company also announced that the small battery option for the Model S will not enter production, due to lack of demand. Only four percent of customers chose the 40 kWh battery pack, which is not enough to justify production of that version. Customers are voting with their wallet that they want a car that gives them the freedom to travel long distances when needed.
Vringo, Inc. (AMEX:VRNG) shares gained 3.47% to $3.27. The company, on April. 1, announced that its wholly-owned subsidiary, Vringo Infrastructure, Inc., expanded its global patent enforcement activities against
ZTE by filing a patent infringement lawsuit in France against ZTE Corporation, China and its French subsidiary, ZTE France SASU.
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Additionally, Microsoft Corp. is in talks with small
technology firm Vringo Inc. to settle a patent suit Vringo filed against the tech giant earlier this year, according to a recently filed court document on Mar. 28. Vringo sued Microsoft in January over its use of technology covered by
the same two patents it referenced in a suit it won against Google Inc. and others last year.
J.C. Penney Company, Inc.(NYSE:JCP) is all set to open the first of its new home goods boutiques on April 5, a crucial launch for the ailing department store and also a test for CEO Ron Johnson.
500 of Penney’s 1,100 stores will have the new home goods section and will be anchored by designers such as Jonathan Adler and Michael Graves.
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The new home section forms part of Johnson's plan to convert Penney's larger stores into collections of boutiques within a store. 30 percent of the space at the 500 stores is likely to be redone by the end of May. The new home area will occupy up to 19,000 square feet of space. Penney said it intends to have about 20 branded shops in its home sections.
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