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Tech Stock Updates: EMC Corporation (NYSE:EMC), InvenSense Inc (NYSE:INVN), USA Mobility Inc (NASDAQ:USMO)

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By on Technology & Software

EMC Corporation (NYSE:EMC), said it bought cloud storage concern TwinStorage and intends to provide public cloud access as an embedded data service. Shares dropped 1%.

No financial terms were disclosed. TwinStrata is a startup providing cloud storage gateway technology. Its cloud tiering technology enables customers to move infrequently accessed data to the public cloud. It supports both public and on-premises storage. Near midday, EMC was down 1.3% to $26.51.

InvenSense Inc (NYSE:INVN) said it would buy motion processor Movea and geo-location firm Trusted Positioning to bolster its position in sensor technology. Its shares fell more than 7%.The two acquisitions total $81 million, InvenSense said. The deals are expected to close during InvenSense’s second quarter than ends September 30. In afternoon trade, INVN was down 7.26% to $22.23.
USA Mobility Inc (NASDAQ:USMO) announced Tuesday it has changed its corporate name to Spok effective immediately, and that the company’s stock will begin trading on Wednesday, July 9, under the NASDAQ ticker SPOK.President and CEO Vincent Kelly said, “Why ‘Spok?’ Because it evokes an integral part of a greater whole: like the spokes of a wheel, each supporting the other and the overall network. It’s about movement, strength, reliability, and speed — all the things needed in your critical communications. After all, a closed loop is what it’s all about.”
In Tuesday’s morning session, shares of the wireless communications provider were off 1.4% to $15.26, just below the midpoint of the 52-week range of $12.58 to $19.50.

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