Brian Henry has taken over as Cray's chief financial officer as the supercomputer maker grapples with the possibility that its stock will be delisted from the Nasdaq market. Cray announced the appointment Monday. Henry, who most recently was CFO of Onyx Software, replaces Scott Poteracki, who left in October to become CFO of MTI Technology.
Earlier in May, Nasdaq informed Cray that it no longer meets requirements to be listed on its Nasdaq National Market because of the company's "failure to include the auditor's opinion on management's assessment of internal control over financial reporting" as required by the Sarbanes-Oxley Act. Cray appealed the finding but, in the meantime, it trades under the ticker symbol CRAYE instead of CRAY.
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Apple's stock hits a high of $503.83 this morning before retreating to below the $500 mark. Goldman Sachs says it believes Apple could rise to $550 a share in the next 12 months.
Tommy Jordan, the man who shot his daughter's laptop for YouTube, gets a visit from police and child protection services. Oh, and Good Morning America.
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