There are gimmicks and then there are gimmicks. Groupon, Inc. (NASDAQ: GRPN) is out with its gimmick for Black Friday. It sounds huge on the headline of $100 million, yet as you might have suspected it is something a bit smaller when you consider it. Groupon says that its Black Friday promotion will be its largest ever promotion. The aim is to put $100 million in Groupon Bucks in the hands of tens of millions of subscribers on Black Friday.
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$100 million sounds like a lot on the surface. It is meant to sound that way. The problem is that the numbers become very small when you look at this on an individual consumer level if it is really tens of millions of customers. Of course, the devil is in the details.
Shares of Gilead Sciences, Inc.(NASDAQ:GILD) hit a 52-week high of $75.21 on Nov 22, 2013 buoyed by the positive opinion of the European Medicines Agency's (:EMA) Committee for Medicinal Products for Human Use (CHMP) on the company's hepatitis C virus (:HCV) candidate sofosbuvir (proposed trade name: Sovaldi) 400mg once daily tablets.
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The CHMP recommended the approval of Sovaldi as a combination therapy for treating HCV patients. The positive opinion by the CHMP will be reviewed by the European Commission, which will issue the final opinion on whether to approve the HCV candidate in the EU.Eltek Ltd.(NASDAQ:ELTK) shares rocket 57.8% pre-market following the company's Q3 report. Although revenue climbed 2.4% Y/Y to $12.8M, EPS jumped to $0.12 from $0.02 in Q3 2012, a result of a 2.2% jump in gross margin to 18.3%.The EPS figure does not include a 3.5M share investment by Nistec in Nov., which represents 53% of shares outstanding as of Sept. 30.
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Alcatel Lucent SA (ADR)(NYSE:ALU) and the Las Vegas Metro Police Department, along with the Nevada Department of Transportation and other first responders, conducted a six-month trial of a 4G LTE public safety network in a designated section of the city of Las Vegas in the United States. The trial used spectrum allocated to the First Responders Network Authority (FirstNet), an independent authority set up by the United States government to facilitate the building of a nationwide interoperable public safety broadband network.
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