Semiconductors
Nvidia CFO Is Retiring
03/27/08 - 01:15 PM EDT
- Article Tools
- Email this Article
- Print this Article
- Rss Feed
- Related Articles
- Rambus Shares Soar After Jury Verdict
- Sun Micro Chip Chief Steps Down
- Sirf Technology Is on the Ropes
- Del.icio.us
- Digg
- StumbleUpon
Updated from 12:35 p.m. EDT SAN FRANCISCO -- NvidiaNVDA said Thursday that its finance chief is retiring. Chief Financial Officer Marvin Burkett announced his intentions to retire on Friday, according to a regulatory filing by the Santa Clara, Calif.-based chipmaker. Nvidia said Burkett is expected to remain in his post while the company searches for a replacement, and may continue in some capacity with the company thereafter. Burkett is a chip industry veteran, who served a 26-year stint at microprocessor maker Advanced Micro DevicesAMD, including a role as CFO. He has served as Nvidia's finance chief since 2002, presiding over a period of robust growth for the maker of graphics chips. During his 6-year tenure, Nvidia's revenue has grown from $1.9 billion in his first full year on the job to $4.1 billion in the most recently ended fiscal year; net income has increased from $90.8 million to $747.6 million. Shares of Nvidia were off a penny at $19.66 in midday trading Thursday. Know What You Own: NVDA operates in the semiconductor industry, and some of the other stocks in its field include Advanced Micro DevicesAMD, IntelINTC, Texas InstrumentsTXN, QualcommQCOM and STMicroelectronicsSTM. These stocks were recently trading at ($6.27, +0.80%), ($21.43, -1.97%), ($28.96, +0.03%), ($40.40, -0.22%) and ($10.51, -0.94%) respectively. For more on the value of knowing what you own, visit TheStreet.com's Investing A-to-Z section.
Stock soars to 52-week high after jury rules in favor of Rambus in patent case.
David Yen is reportedly headed to Juniper Networks.
GPS chipmaker shutters offices and lays off staff as its business deteriorates.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
Keep on top of the market and the critical information you need to make more profitable investing decisions.
Sponsored by:
RSS
