Active Stocks News Recap: Cypress Semiconductor Corporation (NASDAQ:CY),Plains All American Pipeline, L.P. (NYSE:PAA), Zendesk Inc (NYSE:ZEN)

Active Stocks News Recap: Cypress Semiconductor Corporation (NASDAQ:CY),Plains All American Pipeline, L.P. (NYSE:PAA), Zendesk Inc (NYSE:ZEN)

- in Business & Finance
0

On Thursday, Shares of Cypress Semiconductor Corporation (NASDAQ:CY), lost -2.18% to $9.88.

Cypress Semiconductor Corp., declared the availability of three new series of devices in its high-performance FM4 portfolio of Flexible Microcontrollers (MCUs) based on the ARM® Cortex®-M4 core. FM4 MCUs operate at frequencies up to 200 MHz and support a diverse set of on-chip peripherals for motor control, factory automation and home appliance applications. The portfolio delivers low-latency, reliable, machine-to-machine (M2M) communication required for Industry 4.0—the fourth industrial revolution, using network-computing technologies to advance design and manufacturing.

The FM4 family joins Cypress’s Traveo™ MCUs for automotive applications and PSoC® programmable system-on-chip solutions to expand the company’s ARM-based embedded processing portfolio.

The superior performance of the FM4 MCUs portfolio is demonstrated by their high Core Mark® scores. Core Mark, which was developed by the Embedded Microprocessor Benchmark Consortium (EEMBC®), benchmarks the performance of a processor core and its memory subsystem and enables quick comparisons between processors. The S6E2C-Series, now in full production, delivers a best-in-class 675 Core Mark score at 200 MHz, and the new S6E2G-Series and S6E2H-Series deliver leading Core Mark scores of 608 at 180 MHz and 540 at 160 MHz respectively. The portfolio delivers robust, reliable M2M communication with high-speed communication interfaces, counting Controller Area Network with Flexible Data-Rates (CAN-FD) and IEEE 1588 Ethernet, and with hardware-based encryption accelerators. The FM4 MCUs comprise up to 2MB flash and 256KB SRAM memory, together with integrated hardware-based features and standards-compliant firmware libraries that simplify functional safety compliance.

Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile RAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems; and general-purpose programmable clocks.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA), declined -0.47% to $25.15, during its last trading session.

Saddlehorn Pipeline Company, declared that it is combining projects with Grand Mesa Pipeline, LLC (“Grand Mesa”) for the construction of a 20-inch undivided joint interest pipeline which starts about 20 miles north of Saddlehorn’s Platteville, Colorado origin at a junction near Grand Mesa’s Lucerne, Colorado origin. The joint interest pipeline will deliver various grades of crude oil from the DJ Basin to storage facilities in Cushing, Oklahoma.

As part of the undivided joint interest, Saddlehorn and Grand Mesa will share in the costs for the pipeline that is presently under construction. The initial capacity of the joint interest pipeline is predictable to be 340,000 barrels per day (“bpd”), with Saddlehorn owning 190,000 bpd of capacity and Grand Mesa owning 150,000 bpd. Saddlehorn and Grand Mesa will be responsible for their own commercial activities, counting customer relationships, contract terms and tariff structure, with respect to their interest in the pipeline. Saddlehorn has the option to expand the maximum capacity of the pipeline to more than 450,000 bpd in the future at its sole discretion and cost. Saddlehorn would own all of the incremental capacity from any expansion. Grand Mesa will retain ownership of its formerly attained pipeline easements from Lucerne to Cushing for the potential future development of transportation projects involving petroleum commodities other than crude oil and condensate. With the consent and participation of Saddlehorn, the parties may consider future opportunities using these easements for projects involving the transportation of crude oil and condensate.

Saddlehorn will own origin points at Platteville, counting one million barrels of storage, and Carr, Colorado in addition to the pipeline segment from Carr to the Lucerne junction. Grand Mesa will own origin points both at Lucerne and Riverside, Colorado in addition to the pipeline segment between Lucerne and Riverside.

Saddlehorn is owned 40% by Magellan Midstream Partners, L.P. (MMP) (“Magellan”), 40% by Plains All American Pipeline, L.P. (PAA) and 20% by Anadarko Petroleum Corporation (APC). Grand Mesa is owned 100% by NGL Energy Partners LP (NGL).

Plains All American Pipeline, L.P., through with its auxiliaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), natural gas, and refined products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

Finally, Shares of Zendesk Inc (NYSE:ZEN), ended its last trade with 3.33% gain, and closed at $25.73.

Zendesk, declared that Mikkel Svane, Founder, Chief Executive Officer, and Chair of the Board of Directors, and Marc Cabi, Vice President of Finance and Head of Investor Relations, will present at the Credit Suisse 19th Annual Technology, Media & Telecom Conference at the Phoenician Hotel in Scottsdale, Arizona.

Zendesk’s presentation is planned for Wednesday, December 2, 2015 at 11:30 a.m., Mountain Time.

Zendesk, Inc., a software development company, provides software as a service customer service platform for organizations. It provides single customer service interface to organizations to manage all their one-on-one customer interactions; track and predict common questions; and provide a seamless path to answers.

Leave a Reply

Your email address will not be published. Required fields are marked *