Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) ended Wednesday session in green amid volatile trading. The shares closed up +0.11 points or 0.86% at $12.94 with 4.37 million shares getting traded. Post opening the session at $13.16, the shares hit an intraday low of $12.79 and an intraday high of $13.20 and the price vacillated in this range throughout the day. The company has a market cap of $6.45 billion and the numbers of outstanding shares have been calculated to be 512.04 million shares.
Marvell Technology Group Ltd. (MRVL) announced the appointment of Mr. Dave Caron as Corporate Controller and Chief Accounting Officer. In this role, Mr. Caron will be responsible for managing all the corporate accounting and financial reporting functions across the organization.
“Dave is an experienced finance and accounting executive with a proven track record in the semiconductor industry,” said Jean Hu, Chief Financial Officer, Marvell Technology Group. “I want to welcome Dave to the team and I look forward to his steady leadership as we return the company to profitable growth.”
Most recently, Mr. Caron was the Corporate Controller and Principal Accounting Officer at Maxim Integrated. In this role, he was responsible for overseeing all facets of accounting including General Ledger, External/Technical Accounting, Accounts Receivable, Stock Administration, Payroll, Fixed Assets, Credit and Collections, as well as Accounts Payable. Prior to Maxim, Mr. Caron held finance leadership positions at Read-Rite Corporation and Ernst & Young.
Shares of Flextronics International Ltd. (NASDAQ:FLEX) ended Wednesday session in red amid volatile trading. The shares closed down -0.07 points or -0.50% at $13.83 with 4.27 million shares getting traded. Post opening the session at $13.96, the shares hit an intraday low of $13.78 and an intraday high of $13.98 and the price vacillated in this range throughout the day. The company has a market cap of $7.49 billion and the numbers of outstanding shares have been calculated to be 546.16 million shares.
Flextronics International Ltd. (FLEX) announced that it will hold a conference call to discuss its second quarter fiscal 2017 results on Thursday, October 27, 2016, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
The dial-in number for the conference call is 877-201-0168 with passcode Q2Flex. The live webcast of the call and accompanying slides can be accessed by logging on to the Company’s investor relations website at investors.flextronics.com. A replay of the broadcast will also be available on the Company’s website after the call.