Diamonds and Dogs
The return of Dell (DELL). One of the best technology stocks from the 1990s, Dell Computer, is back in the public markets nearly six years after the company's founder and Chief Executive Officer Michael Dell took it private in what was then the biggest buyout since the financial crisis of 2008. The computer maker is trading on the New York Stock Exchange under the symbol (DELL) up 3% after it bought back shares (DVMT) that tracked the financial performance of software maker VMware (VMW), in which Dell held an 81 percent stake. The cash-and-stock deal was worth nearly $24 billion.
Energous (WATT) seeing profit-taking. The maker of wireless charging technology called, WattUp jumped nearly 100% yesterday after receiving FCC approval to marketed and sell its PSAP hearing device that uses its WattUp technology. PSAPs work much like hearing aids, designed to help the hearing impaired with hearing loss, although these can be found without a prescription and are more affordable than hearing ads. The stock is down today, but things are looking brighter for Energous and WattUp.