On Tuesday, Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL), gained 4.52% to $9.48.
Marvell Technology Group - a worldwide leader in providing complete silicon solutions from storage to Internet of Things (IoT), cloud infrastructure, digital entertainment, in-home content delivery and Kinoma® software enabling the “Smart Life and Smart Lifestyle” — recently introduced its high performance, hyper-scale Marvell® AP806 and ARMADA® A3700 chips, the company’s flagship 64-bit ARM Powered® products based on Marvell’s revolutionary modular chip or MoChi™ architecture. The AP806 integrates Marvell’s Final-Level Cache (FLC) architecture, and is designed as a virtual system-on-chip (Marvell VSoC™) with multiple storage and networking companion modules. A groundbreaking ARM® Cortex®-A72 based SoC, the AP806 easily and seamlessly connects to other Marvell MoChi modules creating a Virtual SoC that enables lower system cost, simpler board design and faster time-to-market. The MoChi architecture offers developers and engineers the flexibility to build solutions based on their individual needs, making the Hyper-Scale Quad Cortex-A72 AP806 the most versatile, advanced SoC on the market.
Marvell is also introducing another member in the MoChi architecture family, the ARMADA A3700, a Dual and Single Cortex-A53 based chip integrated with a mix of networking and storage IPs that can be expanded with additional MoChi modules for connectivity and offload options such as packet processor offloads, Wi-Fi, BLE, ZigBee, USB, SATA, etc. The ARMADA A3700 chip addresses cloud-distributed storage, networking administration, home and small office/home office (SOHO) routers and storage solutions, and battery-powered IoT devices. The Marvell AP806 and ARMADA A3700 MoChi chips continue the success of the earlier ARMADA SoC generations such as the Cortex-A9 based ARMADA 380 which is now available in 2GHz core speed.
Marvell Technology Group Ltd. (Marvell) is a fabless semiconductor provider of application-specific standard products. The Company develops System-on-a-Chip (SoC) devices.
Shares of PBF Energy Inc (NYSE:PBF), inclined 2.23% to $32.03, during its last trading session.
PBF Energy, declared recently that it has priced its formerly declared underwritten public offering (the “Offering”) of 10,000,000 shares of its Class A common stock at $31.00 per share. The underwriters of the Offering have a 30-day option to purchase up to 1,500,000 additional shares. The Offering is predictable to close on October 13, 2015, subject to customary closing conditions.
PBF anticipates to use the net proceeds from the Offering to fund a portion of the purchase price for our recently declared pending acquisition of the Torrance refinery and related logistics assets. However, subject to the timing of the closing of this acquisition, we may use the net proceeds of the Offering to pay down indebtedness incurred to fund our pending acquisition of the Chalmette refinery and related logistics assets (or for capital in lieu of indebtedness we might otherwise borrow). In the event the Torrance acquisition does not close and we have not formerly utilized the net proceeds from the Offering, we may use them for repayment of indebtedness, working capital, capital expenditures and other general corporate purposes, counting potential acquisitions. The closing of the acquisitions is not conditioned on the closing of the Offering, and the Offering is not conditioned on the closing of the acquisitions.
Morgan Stanley and Credit Suisse Securities (USA) LLC are acting as the Joint Global Coordinators and Bookrunners for the Offering; and Barclays, Citigroup, Deutsche Bank Securities, UBS Investment Bank and Wells Fargo Securities are acting as Joint Book-Running Managers; BNP PARIBAS, Credit Agricole CIB, MUFG, Natixis and Scotia Howard Weil are acting as Co-Managers.
PBF Energy Inc. (PBF) is a petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products.
Shares of VASCO Data Security International, Inc. (NASDAQ:VDSI), inclined 9.08% to $18.98, during its last trading session.
VASCO Data Security International, declared the execution of a definitive agreement to acquire privately held Silanis Technology, Inc. (Silanis), a leading provider of electronic signature (e-signature) and digital transaction solutions used to sign, send and manage documents. Silanis’ e-SignLive™ platform is trusted by some of the largest banks, insurers and government agencies. The acquisition demonstrates VASCO’s strong commitment to its vision of delivering new solutions that are in high demand within its financial services customer base, accelerating its transition to a recurring revenue model, strengthening its revenue base in North America, and expanding its customer base outside of its core banking business.
VASCO anticipates noteworthy revenue synergies from the acquisition. Both VASCO and Silanis are focused on addressing the business needs of organizations conducting secure transactions that must meet strict regulatory and compliance requirements. VASCO has identified demand for digital transaction solutions among its customer base and, following the closing of the transaction, can right away start selling Silanis solutions to its global banking customers. The banking segment is Silanis’ number one vertical.
VASCO Data Security International, Inc. (VASCO) is an IT security company. The Company, through its operating subsidiaries, designs, develops and markets security solutions that secure and manage access to digital assets and protect transactions. Its products enable secure financial transactions over private enterprise networks and public networks, such as the Internet.
Finally, Lumber Liquidators Holdings Inc (NYSE:LL), ended its last trade with 1.22% gain, and closed at $14.07.
Lumber Liquidators Holdings, is offering free tarps to assist communities in Georgia, North Carolina, South Carolina and Virginia influenced by recent historic rainfall.
Lumber Liquidators will assist as many families as possible by limiting the number of tarps per visitor and distributing tarps as long as supplies remain.
Lumber Liquidators Holdings, Inc. (Lumber Liquidators) is a retailer of hardwood flooring, and hardwood flooring enhancements and accessories in North America. The Company’s product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork and Vinyl Plank, and Moldings and Accessories.
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