Socket Mobile Inc
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Information Technology : Technology Hardware, Storage & Peripherals | Small Cap Blend
Company profile

Socket Mobile, Inc. is a provider of data capture and delivery solutions in workforce mobilization. The Company's data capture solutions are incorporated into mobile applications used in point of sale (POS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation, and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. Its primary products are cordless data capture devices incorporating barcode scanning or RFID/Near Field Communications (NFC) technologies that connect over Bluetooth. Its products work with applications running on smartphones, mobile computers, and tablets. It offers software developer kit (Capture-SDK) to application providers, which enables them to provide their consumers its barcode scanning features. Its products are integrated by the application providers and are marketed by the application providers or their resellers.

Price
Delayed
$2.43
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)

Today's volume of 781 shares is on pace to be much lighter than SCKT's 10-day average volume of 11,520 shares.

781

Disney said it may take impairment charges once CEO Bob Iger's planned organizational changes are in place

6:20 am ET November 30, 2022 (MarketWatch)
Print

The Walt Disney Co. said it expects its newly reappointed CEO Robert Iger to implement organizational and operating changes to address the board's goal of boosting profitability, and that the moves could result in impairment charges. In the company's annual 10-K filing with the Securities and Exchange Commission, the company said the plans are still in the early stages, but "changes in our structure and operations, including within DMED (Disney Media and Entertainment Distribution) (and including possibly our distribution approach and the businesses/distribution platforms selected for the initial distribution of content), can be expected. The restructuring and change in business strategy, once determined, could result in impairment charges," said the filing. Disney shocked investors on Nov. 2 when it announced that Iger was returning as CEO, replacing Bob Chapek, who had been CEO since 2020. Iger told employees at a Town Hall this week that he would give priority to creativity and that he will chase profitability over growing subscriber numbers at Disney's streaming services. Iger, who was Disney's CEO from 2005 to 2020, was met with applause when he was introduced at the Monday town hall and he responded by saying he thought he might cry. Disney shares were up 0.5% in premarket trade Wednesday, but are down 39% in the year to date, while the S&P 500 has fallen 17%.

-Ciara Linnane

	

(END) Dow Jones Newswires

November 30, 2022 06:20 ET (11:20 GMT)

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