Marvell Technology Group Ltd. (NASDAQ:MRVL) announced that its ARMADA® Mobile PXA1088LTE (also known as PXA1920) and PXA1801 completed the Verizon Wireless Chipset Certification Process for 4G LTE data devices. The high performance, award winning, 5-mode ARMADA Mobile PXA1088LTE single-chip System-on-Chip (SoC) and PXA1801 modem have been verified and now are acceptable for use on the Verizon’s 4G LTE network, continuing the chip sets wide adoption by top mobile operators worldwide. Both chipsets currently are shipping globally. Marvell Technology Group Ltd. (NASDAQ:MRVL) net profit margin is 9.30% and weekly performance is -0.13%. On last trading day company shares ended up $15.30. Analysts mean target price for the company is $16.52. Marvell Technology Group Ltd. (NASDAQ:MRVL) distance from 50-day simple moving average (SMA50) is -2.56%.
On May 13, Broadcom Corporation (NASDAQ:BRCM) a global innovation leader in semiconductor solutions for wired and wireless communications, announced it will pay its next quarterly cash dividend of $0.12 per share to holders of the Company’s common stock. The $0.12 dividend was declared by the Board of Directors and will be paid on June 16, 2014 to holders of record of the Company’s Class A and Class B common stock at the close of business on May 30, 2014. Broadcom Corporation (NASDAQ:BRCM) shares fell -0.23% in last trading session and ended the day on $29.83. Gross Margin is 50.50% and its return on assets is 3.50%. Broadcom Corporation (NASDAQ:BRCM) quarterly performance is -3.18%.
VMware, Inc. (NYSE:VMW), the global leader in virtualization and cloud infrastructure, announced that Carl Eschenbach, VMware’s president and chief operating officer, and Martin Casado, VMware’s chief technology officer, networking business unit, will each appear at the J.P. Morgan Global Technology, Media and Telecom Conference in Boston, MA on Tuesday, May 20th, 2014. Mr. Eschenbach will present as a keynote speaker, at 9:30 a.m. PT/ 12:30 p.m. ET, and Mr. Casado will participate in a networking virtualization panel at 7:00 a.m. PT/ 10:00 a.m. ET. VMware, Inc. (NYSE:VMW) shares moved down -0.31% in last trading session and was closed at $93.73, while trading in range of $93.15 – $94.57. VMware, Inc. (NYSE:VMW) year to date (YTD) performance is 4.48%.
US-based Cyclacel Pharmaceuticals Inc (NASDAQ:CYCC) has announced that the Japanese Patent and Trademark Office issued two patents broadening the exclusivity of its lead clinical candidate sapacitabine. Japanese Patent 5443763 claims new pharmaceutical formulations of sapacitabine, while Patent 5457196 claims methods of treating cancer comprising sapacitabine in combination with histone deacetylase (HDAC) inhibitors. Cyclacel Pharmaceuticals Inc (NASDAQ:CYCC) ended the last trading day at $3.21. Company weekly volatility is calculated as 5.03% and price to cash ratio as 2.34. Cyclacel Pharmaceuticals Inc (NASDAQ:CYCC) showed a negative weekly performance of -2.43%.
Hellenic Telecommunications Organization S.A. (ADR) (OTCMKTS:HLTOY) announced stable revenues for the second successive quarter and higher adjusted net profits by 9.5 pct in the first three months of 2014. Net profits totaled 55.8 million euros in the January-March period, down 66.5 pct compared with the same period last year, but excluding extraordinary charges adjusted net profits rose 9.5 pct in the first quarter. Hellenic Telecom Organization S.A. (ADR) (OTCMKTS:HLTOY) On last trading day company shares ended up $7.26.