Hot Stocks: The Coca-Cola Company (NYSE:KO), InterCloud Systems Inc (NASDAQ:ICLD), Seagate Technology plc (NASDAQ:STX)
Dallas, Texas, 10/02/2014 (ustrademedia) – The Coca-Cola Company (NYSE:KO) said its Board of Directors’ compensation committee has adopted Equity Stewardship Guidelines for the company’s existing 2014 Equity Plan. The 2014 Equity Plan, designed to provide flexibility in how and to whom long-term equity awards are made, was approved by shareholders at Coca-Cola’s 2014 annual meeting which was held in April. The Guidelines will increase transparency about equity awards, formalize the company’s existing practice of share repurchases to minimize dilution, and renew commitments to continue an open dialogue with shareowners on compensation matters. Pursuant to the Guidelines, the Compensation Committee will manage equity awards of no more than 0.8% annual ‘burn rate’ in 2015 under the Equity Plan; and 0.4% on an average for the remaining life of the plan.
InterCloud Systems Inc (NASDAQ:ICLD) has launched a business practice for Juniper Networks, Inc. (NYSE:JNPR)’ Software-Defined Networking and Network Functions Virtualization (NFV) solutions. The group will include development and support for Juniper’s Contrail and Contrail OpenStack distributions. InterCloud will offer network as a service. InterCloud’s SDN business practice includes a migration strategy, simplifying management of these solutions by taking ownership of the complete solution delivery. The companies said they have jointly discovered common use cases for both service provider and enterprise network environments in order to make sure their virtual-network needs can be addressed.
Seagate Technology plc (NASDAQ:STX) said Kingsoft Cloud Company has selected its Nytro family of PCIe-based flash acceleration cards to operate its public cloud servers. Kingsoft Cloud selected the Seagate Nytro solutions after comparing with it to other PCIe flash cards from different vendors, and found that Nytro offered a better response time performance. For businesses that rely on the cloud, this is a critical element especially as the use of public cloud services are expected to grow. Chinese cloud company Kingsoft required Seagate Nytro solutions’ flash acceleration and system response time to meet the demands of its customer base.