Tech Stocks Assessment- Flextronics International Ltd. (FLEX), Xerox Corp (XRX)
Shares of Flextronics International Ltd. (NASDAQ:FLEX) ended Tuesday session in red amid volatile trading. The shares closed down -0.13 points or -0.93% at $13.90 with 4.28 million shares getting traded. Post opening the session at $14.05, the shares hit an intraday low of $13.85 and an intraday high of $14.05 and the price vacillated in this range throughout the day. The company has a market cap of $7.56 billion and the numbers of outstanding shares have been calculated to be 546.16 million shares.
Flextronics International Ltd. (FLEX) announced that Scott Offer has been appointed General Counsel.
Offer is a highly accomplished legal executive who has been instrumental in major recent transformations of global tech companies and the mobile industry.
Most recently, Offer served as Senior Vice President and General Counsel at Lenovo, and was responsible for the company’s overall legal strategy, leading a team of legal professionals across 15 countries, negotiating all strategic deals, managing the global intellectual property and litigation portfolios, and maintaining legal compliance.
Prior to Lenovo, he served as Senior Vice President and Chief Counsel for Motorola Mobility, a Google company, and before that, Motorola, where he spearheaded numerous strategic global initiatives, including taking Motorola Mobility public in 2011. Offer is well-known for leading legal efforts around mergers and acquisitions – including the acquisitions of Motorola Mobility by Google and Lenovo – and driving strategy around a wide range of intellectual property and regulatory issues worldwide. Prior to joining Motorola, he worked for law firm Boodle Hatfield and Royal Dutch Shell plc.
Shares of Xerox Corp (NYSE:XRX) ended Tuesday session in red amid volatile trading. The shares closed down -0.20 points or -2.01% at $9.76 with 7.59 million shares getting traded. Post opening the session at $9.94, the shares hit an intraday low of $9.69 and an intraday high of $9.96 and the price vacillated in this range throughout the day. The company has a market cap of $9.95 billion and the numbers of outstanding shares have been calculated to be 1.01 billion shares.
Xerox Corp (XRX) announced the latest milestone in its plan to separate into two independent, publicly-traded companies – unveiling the global brand identity of Conduent Incorporated, the soon-to-be industry leading business process services company.
“Our brand identity signifies core ideas behind our company and the value we create for our clients,” said Ashok Vemuri, CEO of Conduent following the company’s separation. “Both enterprises and governments are seeking ways to improve and modernize the way they interact with their constituents and clients. We are forming a company built around an unwavering focus on our client’s needs, delivery excellence and a set of core values – all in service of creating more consistent experiences and returns for our stakeholders.”