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Stock Market & Financial Investment News

News Breaks
February 26, 2013
16:18 EDTAVGOAvago announces departure of CFO Douglas Bettinger
Avago Technologies announced that after more than four years with Avago, Douglas Bettinger has resigned as CFO to pursue another opportunity. Anthony Maslowski, Avago's Vice President and Corporate Controller, will serve as interim CFO during a search for Bettinger's replacement. Maslowski joined Avago in 2006 as Vice President of Internal Audit. Prior to joining Avago, Maslowski served as the CFO for Allegro Manufacturing Pte Ltd and prior to that, he held senior finance management positions at Lam Research Corporation and Hitachi Data Systems Corporation.
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April 21, 2014
16:16 EDTAVGOITC rules Mellanox does not infringe Avago's laser driver patent
Mellanox Technologies (MLNX) announced that, on April 17, the U.S. International Trade commission issued its Final Determination ruling that Mellanox’s Active Optical Cable products and VCSEL drivers do not infringe Avago’s (AVGO) U.S. Patent Number 5,596,456, directed to a laser driver, which was asserted against Mellanox by Avago in an ITC complaint filed in September 2012. The ITC also affirmed the ALJ ruling that certain Mellanox cable products that contain a particular type of vertical cavity surface emitting laser do infringe another of Avago’s patents, US Patent No. 5,596,595, directed to a VCSEL and issued a limited exclusion order and cease and desist orders with respect to those products. The VCSELs in the products at issue are supplied to Mellanox by third parties. These orders, however, will not interrupt Mellanox’s ability to supply cables or otherwise impact Mellanox’s current or planned product offerings. Those orders are also not expected to have a material adverse effect on the company’s business, financial position, results of operations or cash flow.
April 10, 2014
08:18 EDTAVGOMicron licenses SerDes IP from Avago for Hybrid Memory Cube
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