Coinstar sell-off overdone, says Northland Securities Northland Securities thinks that a decline in Coinstar's (CSTR) stock yesterday based on an article indicating that Flextronics (FLEX) will be closing a Redbox kiosk manufacturing plant is overdone. After speaking with Coinstar's management, Northland reports that Coinstar had previously planned to slow its expansion of Redbox kiosks in FY13. The firm maintains an Outperform rating on Coinstar.
Flextronics appoints Michael Mendenhall as Chief Marketing Officer Flextronics (FLEX) announced that Michael Mendenhall has been appointed to lead the Company's worldwide marketing, branding and communications initiatives. Mendenhall most recently served as the Executive Vice President and Chief Marketing and Communications Officer for Fusion-io. In this role, he was responsible for repositioning the Company's brand and products and played a key role in its successful acquisition by SanDisk (SNDK). Previously, he served as Senior Vice President and Chief Marketing Officer for HP (HPQ) and directed all aspects of corporate marketing operations globally.