 Far from being put out to pasture, retiring Cisco CFO Dennis Powell hit paydirt this week to the tune of at least $411,000 (he was automatically granted 20,000 performance shares), to join the Board of Directors of Applied Materials. |
Powell's expertise will be needed to address the current challenges facing Applied Materials. For example, the 3rd Quarter of 2007 saw a 14% decrease quarter over quarter in new orders as well as a 14% decrease year over year.
Investigating the stock chart comparison below, stockholders of Applied Materials will certainly benefit from the financial expertise of Dennis Powell.
Stock Chart Comparison Between Cisco and Applied Materials:
Related stories:
| Network World - | New Cisco CFO has tough act to follow |
| Network World - | Cisco CFO Dennis Powell rides the huge Cisco earnings tsunami wave to a happy retirement |
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