Friday, September 11, 2015

Marvell Announces Preliminary Financials, Audit Committee Investigation

Marvell Technology Group Ltd. reported preliminary revenue of $711 million for the second quarter of its fiscal year 2016, ended August 1, 2015, down from $961.5 million a year earlier. There was a preliminary GAAP net loss of $382 million, or diluted loss per share of $0.74. The company also announced that the Audit Committee of the company's Board of Directors is conducting an independent investigation of certain accounting and internal control...

Hibernia Intros Broadcast Cloud

Hibernia Networks introduced its suite of Broadcast Cloud solutions featuring a new Anywhere-to-Anywhere service, extending the QoS assurance of Hibernia Networks’ global fiber optic infrastructure to and from served locations via the public Internet. Hibernia said its Broadcast Cloud platform utilizes the signal processing functionality of the latest generation media gateways to enable high quality transmission of news, international programming,...