On Friday, Shares of Extreme Networks Inc. (NASDAQ:EXTR), dropped -0.78% to $2.55.
Extreme Networks, declared the appointment of Eric Broockman as CTO and Executive Vice President of Engineering, adding to his current responsibility as CTO, a role he has served the past 14 months. Broockman holds numerous US patents, is an active inventor, and was a National Science Foundation Fellow.
Broockman is an accomplished executive with an extensive technology background, having held start-up CEO and GM roles over the last 25 years. His experience comprises R&D and creating actionable business strategy for large and private technology companies spanning networking, semiconductor, wireless and software.
Broockman’s depth of industry experience comprises executive administration roles for technology leaders, counting Cirrus Logic, where he was the VP/GM of the Crystal Division, as executive vice president at Legerity, and at IBM. He recently served as the CEO of start-up Alereon Inc., where he led the strategy and product development of the industry’s first gigabit OFDM wireless solution.
Extreme Networks, Inc., together with its auxiliaries, provides wired and wireless network infrastructure equipment, software, and services for enterprises, data centers, and service providers. The company offers Black Diamond products, which deliver modular or chassis-based Ethernet connectivity solutions that have a range of administration and line cards allowing customers to configure and re-purpose the systems.
Shares of Advent Software, Inc. (NASDAQ:ADVS), declined -0.77% to $43.54, during its last trading session.
SS&C Technologies Holdings, Inc. declared that SS&C and Advent Software, have each received a request for additional information from the United States Department of Justice in connection with SS&C’s pending acquisition of Advent. The second requests were issued under the notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
The effect of the second requests is to extend the waiting period imposed by the HSR Act until 30 days after SS&C and Advent have substantially complied with the requests, unless that period is extended voluntarily by both parties or terminated sooner by the DOJ. SS&C and Advent expect to promptly respond to the second requests and to continue working cooperatively with the DOJ as it conducts its review of the pending transaction, which remains subject to other customary closing conditions. SS&C and Advent expect the closing of the transaction to occur in the second or third quarter of 2015.
Advent Software, Inc. provides software products and services worldwide. The company offers its products and services for automating and integrating data and work flows across the investment administration organization, in addition to between the investment administration organization and external parties.
At the end of Friday’s trade, Shares of Boise Cascade Company (NYSE:BCC), dwindled -0.77% to $37.41.
Boise Cascade Company, stated net income of $7.6 million, or $0.19 per share, on sales of $809.9 million for the first quarter ended March 31, 2015.
In first quarter 2015, both total and single-family U.S. housing starts raised about 4% from the same period last year. The April 2015 Blue Chip consensus forecast for 2015 reflects 1.14 million total U.S. housing starts, a 14% predictable enhance from 2014 levels. At that level, total housing starts would remain below the historical average for the last 20 years of about 1.3 million starts per year.
Balance Sheet
Boise Cascade ended the first quarter with $134.5 million of cash and cash equivalents and $342.0 million of undrawn committed bank line availability, for total accessible liquidity of $476.5 million. The company stated $301.4 million of outstanding debt at March 31, 2015.
Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. Its Wood Products segment manufactures structural and industrial plywood panels; and engineered wood products (EWP), such as laminated veneer lumber, I-joists, and laminated beams for use in headers and beams.
Finally, KeyCorp. (NYSE:KEY), ended its last trade with -0.77% loss, and closed at $14.23.
KeyCorp, declared that it has accomplished the merger of its Pacific Crest Securities broker dealer partner into KeyBanc Capital Markets Inc. Pacific Crest Securities will be designated as the technology specialists for the combined entity, which will continue to operate under the KeyBanc Capital Markets brand.
KeyCorp formerly declared the acquisition of Pacific Crest Securities LLC on July 17, 2014.
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.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
