During Thursday’s Afternoon trade, Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL), lost -0.50% to $11.85, hitting its lowest level.
Marvell Technology Group declared that the Company has postponed its second fiscal quarter of 2016 earnings release and conference call, originally planned for Thursday, August 20, 2015, to allow for more time to finalize its quarterly financial results. Marvell intends to issue a press release subsequently about its rescheduled earnings date.
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.
Shares of QUALCOMM Incorporated (NASDAQ:QCOM), declined -0.59% to $60.82, during its current trading session.
Siklu Inc., the global market leader in the millimeter-wave technology, declared that it has closed $18 million in Series-D funding to further accelerate the company’s already impressive growth and market leadership. The new investor in this round Sercomm Corporation (5388.TW), was joined by existing investors Argonaut Private Equity, Evergreen Venture Partners, DFJ Tamir Fishman Ventures, Qualcomm Ventures (QCOM), The Tamares Group and Amiti Ventures.
According to research firm MarketsandMarkets, the global millimeter wave technology market is predictable to grow by 42.7% CAGR to $1.7 billion by 2020. Siklu is poised to capture this market through a range of competitively-priced solutions in areas such as video surveillance, Wi-Fi backhaul and access to residential Multi-Dwelling-Units (MDU). Siklu’s mmWave solutions and technology already provide thousands of fiber extensions for 3G/LTE telecommunication networks and business connectivity.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services in China, South Korea, Taiwan, and the United States.
Finally, Hilton Worldwide Holdings Inc. (NYSE:HLT), lost -2.24%, and is now trading at $25.14.
Hilton Worldwide Holdings celebrated its second annual Careers@Hilton Live: Youth in Hospitality Month, a global career awareness initiative showcasing the diversity of opportunities accessible in the hospitality industry. Throughout the month of May, Hilton Worldwide properties and offices hosted more than 750 events globally totaling 22,365 volunteer hours and reaching more than 90,000 young people. Careers@Hilton Live is just one program in support of the company’s Open Doors commitment to impact one million young people around the world by 2019 and better prepare them to reach their full potential.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide.
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