On Wednesday, Shares of Micron Technology, Inc. (NASDAQ:MU), lost -3.13% to $17.63.
Micron Technology, declared it has designated Trevor Schulze as Chief Information Officer (CIO).
Schulze, who most recently served as Broadcom’s corporate vice president of IT, brings to Micron more than 25 years of IT, operations and product development experience.
“As we continue to develop innovative new products serving an expanded set of customers in diversified markets, our use of information is poised to grow significantly in importance and opportunity,” said Micron President Mark Adams. “We are excited for Trevor to lead our IT organization and support our global operations.”
Preceding to Broadcom, Schulze worked as the corporate vice president of IT at Advanced Micro Devices, where he oversaw global engineering and infrastructure solutions. He also held various IT and engineering administration roles at Cisco.
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 Tesla Motors, Inc. (NASDAQ:TSLA), declined -4.82% to $254.96, during its last trading session.
Tesla Motors, declared that it is ongoing to work with its current bank lender on the annual extension of its credit facility agreement, which is normally accomplished in May of each year. The Company has requested amendments to certain terms, counting a temporary waiver of its Funded Debt to EBITDA covenant and changes to the borrowing base formula which determines its loan limits. The amendments have been requested to avoid a breach of these covenants. Tesla has also received a preliminary proposal from another party for an additional loan, which it is pursuing while concurrently working with its bank lender on the terms of the credit facility. The Company anticipates to provide a further update regarding the credit facility and the projected new loan, when negotiated.
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally.
Finally, Iridium Communications Inc. (NASDAQ:IRDM), ended its last trade with -1.33% loss, and closed at $8.19.
Iridium Communications, declared the initial service providers for the Iridium Push-to-Talk (PTT) solution. Iridium PTT is the world’s first global, satellite-based push-to-talk service, enabling instant communication between participants located anywhere on earth. Iridium PTT provides a fast, simple, and global service making the Iridium network accessible to tens, or tens of thousands of devices with the push of a single button. The service providers comprise:
- The AST Group of companies (AST), a leading global provider of satellite and radio communications, counting custom satellite solutions, Push-to-Talk and remote asset administration and tracking.
- Beam Communications, a leader in the design and manufacture of satellite devices, docking stations and accessories for the global satellite market.
- Gardline Comms, Inc. (G COMM), provides mission critical mobile and fixed satellite communications to industry and governments around the world which, as part of a group, also supports the navigation and communication needs of the offshore oil and gas industry in the North Sea.
- Gilat Satcom, which provides enterprises in addition to army, public security and government entities with efficient and reliable satellite-based connectivity solutions.
- Network Innovations, a satellite communications integrator specializing in the development and delivery of turn-key and customer design communications solutions for the media, energy, maritime, enterprise and government sectors.
- Roadpost, provider of satellite voice and data to support critical communications for thousands of customers in government, natural resources and other sectors.
- Spacenet Communication Services de Mexico, a Mexican company offering MSS and FSS in Latin America.
Iridium Communications Inc. provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide.
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