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InvenSense Announces Steven Nasiri CEO and Chairman to Step Down and Behrooz Abdi Appointed as CEO and President Effective October 24, 2012
InvenSense, Inc. (NYSE: INVN), the leading provider of MotionTracking(TM) devices for consumer electronic devices announced that Mr. Steven Nasiri, company Founder, CEO and Chairman will be stepping down. Mr. Nasiri will continue to provide his expertise and insights as a member of the Board of Directors and will continue to serve as an executive of the Company through the end of the calendar year to provide for an orderly transition. Mr. Nasiri founded the company in 2003 and has served as its CEO and Chairman the entire time.
Oppenheimer upgraded shares of Invensense (NASDAQ: INVN) from a market perform rating to an outperform rating in a research note released on Friday morning.
Below are the top semiconductor equipment & materials stocks on the NYSE in terms of return on equity.
The following video is part of our “Motley Fool Conversations” series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world. According to the latest data, Apple is still lagging in market share in China. Chinese handset makers are leading the way. The silver lining is that Apple’s loss could be InvenSense’s gain.
Groundbreaking Application for InvenSense Gyro in World’s First Motion-Activated Screwdriver from Black & Decker
InvenSense, Inc. (NYSE: INVN), the leading provider of MotionTracking devices, announced that its MEMS Gyroscope product is being used in the world’s first motion-activated screwdriver, that controls variable speed and direction, and was announced today by Black & Decker (see http://bit.ly/OWRPx5). Black & Decker selected InvenSense for its GYRO™ 4V MAX Lithium-ion Rechargeable Screwdriver. This is the first of its kind product that uses gyroscope technology as a motion-enabled interface for automated control-users need only to rotate their wrist one quarter turn to the right for forward or left for reverse.
ThinkEquity initiated coverage on shares of Invensense (NASDAQ: INVN) in a research note issued on Tuesday. The firm set a “buy” rating on the stock.
InvenSense, Inc., a provider of MotionTracking devices, announced that its MEMS Gyroscope product is being used in a motion-activated screwdriver that controls variable speed and direction and was announced by Black & Decker (bit.ly/OWRPx5).