Shares of Cypress Semiconductor Corporation (NASDAQ:CY) ended Friday session in red amid volatile trading. The shares closed down -0.35 points or -2.92% at $11.64 with 8.54 million shares getting traded. Post opening the session at $11.84, the shares hit an intraday low of $11.51 and an intraday high of $11.95 and the price vacillated in this range throughout the day. The company has a market cap of $3.63 billion and the numbers of outstanding shares have been calculated to be 321.18 million shares.
Cypress Semiconductor Corporation (CY) on Aug. 24, 2016 announced a new addition to its Traveo™ automotive microcontroller (MCU) family with more memory for program code and graphics to support hybrid instrument cluster applications. The new, highly integrated devices in the S6J32xE series provide a single-chip solution that can drive graphics on head-up displays or traditional gauges, but also provides scalability with Cypress’s low-pin-count HyperBus™ memory interface. The addition continues Cypress’s expansion of its broad automotive portfolio that delivers differentiating performance via its MCUs, memories, wireless radios, capacitive-touch solutions, Power Management ICs (PMICs) and other technologies.
The Traveo S6J32xE series features up to 4MB of high-density embedded flash, 512 KB RAM and 2 MB of Video RAM, along with an ARM® Cortex®-R5 core at 240 MHz performance. The MCUs have up to two 12-pin HyperBus memory interfaces that dramatically improve read and write performance of graphical data and other data or code. The devices can use a single HyperBus interface to connect to two memories for Firmware Over-The-Air (FOTA) updates, which enable end-users to get new software fixes, features and applications for their vehicles on-the-go. The series includes a Low-voltage Differential Signaling (LVDS) video output, providing a suitable interface to attach external displays such as Thin-Film-Transistors (TFTs). The MCUs support all in-vehicle networking standards required for instrument clusters, including Controller Area Network-Flexible Data (CAN-FD) and Ethernet AVB. More information on the Traveo MCU family is available at http://www.cypress.com/traveo.
Shares of Xerox Corp (NYSE:XRX) ended Friday session in red amid volatile trading. The shares closed down -0.31 points or -3.13% at $9.59 with 8.31 million shares getting traded. Post opening the session at $9.83, the shares hit an intraday low of $9.59 and an intraday high of $9.86 and the price vacillated in this range throughout the day. The company has a market cap of $9.41 billion and the numbers of outstanding shares have been calculated to be 1.01 billion shares.
Xerox Corp (XRX) on September 8, 2016 announced that Brian Webb-Walsh will serve as chief financial officer of Conduent Incorporated, upon completion of the separation of Xerox into two publicly-traded companies at the end of the year.
Webb-Walsh is currently the CFO for Xerox Services, responsible for all financial aspects of the business. Previously he led the finance function for the company’s government healthcare and health enterprise businesses. During his career he also supported Xerox’s large enterprise operations, global document outsourcing business and litigation services. Additionally, he’s held senior roles in investor relations and corporate financial planning and analysis.
“Brian has nearly twenty years of experience with Xerox, strong financial discipline, deep roots in the services business and a keen understanding of how to advance opportunities in growth markets,” said Ashok Vemuri, recently appointed CEO of Conduent.
“Our improved portfolio focus on attractive growth markets and leadership positions in key market segments make this an incredibly appealing opportunity,” said Webb-Walsh. “I look forward to leading Conduent’s financial strategy as the company seeks to create shareholder value by driving profitable growth and margin expansion.”