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Wednesday 19 August 2015
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Active Stocks News Analysis: KeyCorp (NYSE:KEY), Planet Payment Inc (NASDAQ:PLPM), QLogic Corporation (NASDAQ:QLGC)

On Wednesday, Shares of KeyCorp (NYSE:KEY), lost -2.17% to $14.40.

KeyCorp, declared that it is publishing its “company run” 2015 Dodd-Frank Act Mid-Cycle Stress Test Results on the Regulatory Disclosure page of KeyCorp’s website, http://www.key.com/ir. KeyCorp’s 2015 Mid-Cycle Stress Test Results should not be regarded as forecasts of actual financial results for KeyCorp and should not be relied upon as indicative of future predictable results.

KeyCorp operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States.

Shares of Planet Payment Inc (NASDAQ:PLPM), inclined 4.01% to $3.11, during its last trading session.

Planet Payment, declared that the Company has designated Robert J. Cox as President of the Company with immediate effect. Mr. Cox will also continue in his role as Chief Operating Officer. The Company has promoted Raymond D’Aponte to Chief Financial Officer. Mr. Cox and Mr. D’Aponte will both be reporting to Carl J. Williams, Chairman and CEO.

Mr. Cox has served as our Senior Vice President, Chief Financial Officer and Treasurer since November 2009, and has served as our Chief Operating Officer since January 2014. From June 2009 to November 2009, Mr. Cox served as the Chief Financial Officer of Harris Interactive, Inc., a market research firm. From 2001 to May 2009, Mr. Cox served as the Chief Financial Officer of DealerTrack Holdings, Inc., an automotive retail software solution provider. He began his career as a Certified Public Accountant in the audit practice at KPMG LLP. Mr. Cox holds a B.A. in Accounting from St. Bonaventure University and an M.B.A. from Columbia Business School.

Mr. D’Aponte has served as our Vice President, Finance since May 2011 and has served as our Senior Vice President, Finance since March 2014. From March 2005 to April 2011, Mr. D’Aponte served as Senior Director of Corporate Accounting and Finance of DealerTrack Holdings Inc., an automotive retail software solution provider. He began his career as a Certified Public Accountant in the audit practice at PricewaterhouseCoopers LLP. Mr. D’Aponte holds a B.A. in Accounting from Dowling College.

Planet Payment, Inc. provides international payment, transaction, and multi-currency processing services. The company offers payment processing services that enable the authorization and settlement of payment transactions by providing the connections between the merchant, its bank, and the card association; online access to advanced reconciliation and reporting services, in addition to localized language support to its customers; and multi-currency processing services, compriseing of Pay In Your Currency, Shop In Your Currency, and Bank In Your Currency, in addition to multi-currency processing services designed for payment environments, customer-facing terminals, integrated front-desk systems, ATMs, and online e-commerce gateway or a third-party e-commerce gateway.

Finally, QLogic Corporation (NASDAQ:QLGC), ended its last trade with 0.11% gain, and closed at $9.39.

QLogic Corp., declared that it is the exclusive provider of 16Gb Gen 5 Fibre Channel technology for Inspur AS520 series storage systems. Inspur AS520 storage, in combination with Inspur servers also powered by QLogic Gen 5 technology, enable Inspur customers to deploy end-to-end Gen 5 storage area networks with leading-edge performance, enterprise-class reliability and scalability.

“This latest Gen 5 Fibre Channel design win demonstrates a new level of partnership between QLogic and Inspur, and allows us to expand our presence throughout China and around the globe,” said Vikram Karvat, vice president of products, marketing and planning, QLogic. “QLogic Gen 5 Fibre Channel solutions allow organizations to accelerate time-to-deployment and more easily manage their Inspur storage solutions in today’s computing environments.”

Award-winning QLogic Gen 5 Fibre Channel technology is designed to deliver the performance and reliability that have made QLogic the leader in Fibre Channel adapters for 11 successive years. QLogic Fibre Channel solutions offer a suite of technology advancements that enable storage administrators in large enterprises to ensure comprehensive business continuity, maintain application performance and cost-effectively scale their networks.

QLogic Corporation designs and supplies high performance server and storage networking infrastructure products that provide, enhance, and manage computer data communication.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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