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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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May 16, 2013
09:04 EDTAVGOCisco results positive for semiconductors space, says Brean Capital
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May 15, 2013
17:46 EDTAVGOSAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), .
May 8, 2013
09:09 EDTAVGOFinisar not primary source for Arista's 100G Optics, says Jefferies
Jefferies says its channel checks indicate that contrary to recent reports, Avago (AVGO), not Finisar (FNSR), is the current primary source for the board mounted optics used in Arista's new 7500E switch. Further, Jefferies' channel checks indicate steep price erosion at 100G. The firm reiterates an Underperform rating on shares of Finisar with a $7.50 price target.

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