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Stock Market & Financial Investment News

News Breaks
December 9, 2013
09:25 EDTMLNX, MLNX, MLNXMellanox management to meet with JMP Securities
Meeting to be held in San Francisco on December 11 hosted by JMP Securities.
News For MLNX From The Last 14 Days
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April 24, 2014
17:22 EDTMLNXMellanox sees Q2 revenue $100-$105, consensus $109.58M
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16:23 EDTMLNXMellanox sees growth accelerating in 2H
The company said, “Our first quarter results are a significant achievement given the pause in the HPC market ahead of its refresh cycle and the lower than expected revenues from one of our largest customers. We continue to see growth in data, the number of devices generating and consuming data, and the number of applications and users utilizing data...We believe that we will grow year-over-year in 2014 with our growth accelerating in the second half of the year.”
16:21 EDTMLNXMellanox reports Q1 EPS 10c, consensus 11c
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April 21, 2014
16:16 EDTMLNXITC 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.

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