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$EXAR has leveraged its breadth of IP and expertise with a focus on core successful IP to create winning products. The company has restructured its product lines. $EXAR currently serves a $4Bil market and has around 4% share. The company has Tier 1 engagements underway in each of its product lines. Primary focus is increasing market share to 5%.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.