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Tuesday 16 June 2015
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Pre-Market News Buzz on: Micron Technology, (NASDAQ:MU), AK Steel Holding Corporation, (NYSE:AKS), Marvell Technology Group, (NASDAQ:MRVL), Macy’s, (NYSE:M)

On Thursday, Shares of Micron Technology, Inc. (NASDAQ:MU), lost -0.35% to $26.99.

Micron Technology, declared a new addition to its expansive portfolio of flash storage products, providing a purpose-built solution for cost-sensitive consumer applications seeking high performance and reliability. The new TLC NAND is built on their 16-nanometer (nm) process and delivers a balanced set of features for applications like USB drives and consumer solid state drives. The market appetite for TLC is projected to be strong throughout 2015, constituting almost half of the total NAND gigabytes shipped.

Micron’s 16nm process—recognized by TechInsights as the Most Innovative Memory Device and 2014 Semiconductor of the Year—is a mature and proven storage technology, making it an excellent foundation for a reliable TLC design. TLC, or triple-level cell, is a technology that fits three bits in every flash data cell, creating greater cost and size efficiency.

Customers of the technology will benefit from Micron’s extensive design support team, who act as trusted advisors to ensure smooth qualification and optimal end-solution performance. Key flash customers and ecosystem partners worldwide have already begun working to integrate this new NAND with their latest designs, ensuring quick adoption in end applications.

Micron Technology, Inc., together with its auxiliaries, provides semiconductor solutions worldwide. The company manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems.

Shares of AK Steel Holding Corporation (NYSE:AKS), inclined 0.54% to $5.57, during its last trading session.

AK Steel Holding Corporation, declared that it has joined other major domestic steel producers in filing anti-dumping and counter-vailing duty petitions against five countries related to corrosion-resistant steel. The petitions charge that unfairly traded imports of corrosion-resistant steel from China, India, Italy, South Korea and Taiwan are causing material injury to AK Steel and the domestic steel industry. The petitions further charge that noteworthy subsidies have been offered to the foreign producers by the governments of those countries. AK Steel produces corrosion-resistant steel for some of the most demanding customer applications, counting those for the automotive, infrastructure and manufacturing industries. Corrosion-resistant steel comprised nearly 46% of the company’s shipments for 2014.

AK Steel was joined in filing the petitions by Arcelor Mittal USA, California Steel Industries, Nucor Corporation, Steel Dynamics, Inc. and United States Steel Corporation. The petitions were filed recently with the United States Department of Commerce (“Commerce Department”) and the United States International Trade Commission (“USITC”).

AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.

At the end of Thursday’s trade, Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL), gained 0.14% to $14.12.

Marvell Technology Group, declared it will incorporate Microsemi Corporation’s (MSCC) Power over Ethernet (PoE) power sourcing equipment (PSE) offering into its industry-leading turnkey manufacture-ready reference designs, bundled with software solutions. The combined technologies from Marvell and Microsemi will enable a large range of IoT and other connected network applications counting wireless access points, 4G/LTE small cells, sensors, IP cameras and lighting.

Pervasiveness of the Ethernet infrastructure has been driving PoE adoption at a rapid pace enabling a variety of intelligent networked applications and sensor-embedded smart industries. PoE is one of the most widely deployed technologies to power connected devices in an enterprise and small and medium-sized enterprise (SME) environment. It is a cost-effective way to enable better communication, partnership and ease of administration without compromising ease of quick deployment.

The Marvell Prestera® DX family of packet processors enables secure, high-density and intelligent 10GbE/2.5GbE/1GbE switching solutions at the access/edge and aggregation layers of campus, industrial, SME and service provider networks.

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers mobile and wireless products comprising communications and applications processors; thin modems; and connectivity solutions, counting Wi-Fi, Bluetooth, near field communication, and FM; and mobile computing products, in addition to silicon solutions and Kinoma software.

Finally, Macy’s, Inc. (NYSE:M), ended its last trade with -0.63% loss, and closed at $69.24.

Macy’s, and Dormify®, the dorm furnishings online retailer, recently declare an exclusive collection for the 2015 back-to-school season. Expanding to brick and mortar for the first time ever, Dormify is now accessible at select Macy’s stores and on macys.com, with a bedding collection of comforter sets, sheet sets and decorative pillows in charming prints and patterns to fit the lifestyle of the college-bound.

To create this collection, Dormify’s team of young designers turned to the company’s college-aged brand ambassadors, the “Dormify Style Advisors,” for inspiration. The result is an assortment that is sophisticated, yet fun and fresh. The comforter designs reflect fashion trends drawn from campus street-style and the pillows feature whimsical icons and witty sayings such as “Donut Wake Me Up” and “Ice Cream When My Alarm Goes Off.” Each comforter and decorative pillow is fully reversible, showcasing a coordinating look on the reverse side – perfect for roommates who want to create a complementary look for their room. The collection features 100-percent cotton, machine washable, easy-to-care-for bedding.

Macy’s, Inc., together with its auxiliaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, counting apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods.

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