NetLogic Microsystems Inc. (Nasdaq:NETL) a worldwide leader in high-performance intelligent semiconductor solutions for next-generation Internet networks, announced that Marvin D. Burkett has been elected to the company�s Board of Directors. �Marv�s extensive experience in executive roles at large public semiconductor companies will add further depth to our Board of Directors,� said Ron Jankov, president and CEO of NetLogic Microsystems. �We look forward to benefiting from his experience as we continue to grow the Company. “A veteran of the semiconductor industry, Burkett brings years of experience with global semiconductor and personal computing companies. Most recently, he was chief financial officer and chief administrative officer for Nvidia Corp.
NetLogic Microsystems, Inc., a fabless semiconductor company, engages in the design, development, and sale of processors and integrated circuits. The company offers multi-core processors, knowledge-based processors, 10/40/100 Gigabit Ethernet physical layer devices, network search engines, and embedded processors to develop systems used in the Internet infrastructure.
LPL Investment Holdings Inc. (Nasdaq:LPLA) an independent broker-dealer, announced the closing of its initial public offering of 15,657,482 shares of its common stock by selling to stockholders at a price of $30.00 per share. The Company�s shares are listed on The NASDAQ Global Select Market under the trading symbol �LPLA.� Prior to closing, the underwriters exercised their option to purchase an additional 1,565,748 shares of common stock from the Company and a selling stockholder. Including the over-allotment, the Company and selling stockholders sold a total of 17,223,230 shares of the Company�s common stock at a price to the public of $30.00 per share. Excluding shares offered by selling stockholders, after underwriting discounts and commissions and estimated offering expenses, the Company received net proceeds of approximately $37.2 million.
LPL Investment Holdings Inc. provides technology, brokerage, and investment advisory services through business relationships with independent financial advisors, financial advisors employed by financial institutions, registered investment advisors, and financial institutions in the United States.
Focus Media Holding Ltd. (Nasdaq:FMCN), China’s largest digital media group, announced shareholder resolutions adopted at its annual general meeting of shareholders held in Shanghai.
Focus Media shareholders adopted the following resolutions proposed by the Company:
1. Approval of the re-election of Jason Nanchun Jiang, Neil Nanpeng Shen, David Ying Zhang and Fumin Zhuo as directors to serve on the board of the directors for a further three year term or until such director’s successor is elected and duly qualified; and
2. Ratification of the appointment of Deloitte Touche Tohmatsu CPA Ltd. as independent auditors of the Company for the fiscal year ending December 31, 2010.
Focus Media Holding Limited, a multi- platform digital media company, operates out-of-home advertising network using audiovisual digital displays in China. It operates out-of-home advertising network based on the number of locations and flat-panel television displays in its network.
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