As cable operators expand network deployments, ATX takes steps to scale and optimize operations worldwide

SAN DIEGO, December 06, 2022--(BUSINESS WIRE)--ATX Networks, a global leader in broadband access and media distribution solutions, today announced the appointment of Matt Grimes as Senior Vice President of Global Operations. Grimes will lead an experienced team of operations professionals to scale and optimize ATX operations, focusing on removing risk from logistics and supply chains to accelerate the company’s mission of expanding access to reliable and affordable broadband connectivity and media delivery.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221206005243/en/

Matt Grimes, Senior Vice President of Global Operations at ATX Networks (Photo: Business Wire)

In this newly created position, Grimes will lead and execute ATX’s global operations, including supply chain, manufacturing, procurement, distribution and logistics, building on ATX’s 35 years of success to streamline and expand its global operations. He brings more than 20 years of experience with global end-to-end operations teams in the telecommunications and aviation industries. Grimes will report to ATX CEO Dan Whalen.

"Matt has an impressive track record building, improving and evolving global end-to-end operations teams," said Whalen. "Given the company’s recent growth and expansion of our contract manufacturing capabilities into the U.S., now is the perfect time to add someone to our executive management team with Matt’s experience in creating cost efficiencies across the business."

Before joining ATX, Grimes held progressively senior roles in supply chain and operations at NAV CANADA, GENBAND and Nortel. He simplified operations, managed strong internal and external partnerships and delivered high-quality products and projects.

"Our industry is primed for growth and ATX has the products, experience and technology needed to help cable operators best monetize the opportunity ahead," said Grimes. "I look forward to building strong partnerships with ATX suppliers and helping the company scale operations, expand the team and further strengthen our customer experience."

For more information, please visit www.atx.com.

ATX Networks is a global leader in broadband access and media distribution solutions. ATX’s market-leading and award-winning solutions are based on Agile Innovation design principles, enabling communications service providers to futureproof and evolve their networks in lockstep with market demand. ATX partners with the world’s most innovative cable, satellite, fixed telecom, wireless and media broadcast service providers to improve people’s lives by enabling affordable and reliable broadband connectivity and media content for everyone, everywhere. For further information, visit ATX at www.atx.com, and follow us on Twitter @ATXNetworksCorp.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221206005243/en/

Barbara Webber Connect2 Communications for ATX ATX@Connect2comm.com

On a bad day for most stocks, shares of electric-vehicle-related ChargePoint Holdings (NYSE: CHPT) and QuantumScape (NYSE: QS), and hydrogen fuel cell maker Plug Power (NASDAQ: PLUG) are down between 6% and 8%. There isn't any big news out from -- or about -- any of these three companies today that is the specific cause for any of their share-price declines. The most recent news is from ChargePoint, the EV charging station company, which reported third-quarter results on Dec. 1, with a 93% increase in revenue, but continues to report big losses.

Shares of many of America's largest banks are tumbling again on Tuesday after a period of outperformance that saw Goldman Sachs Group GS claw back practically all of its losses year-to-date.

Should investors prepare for a winter full of persistent headwinds? Inflation remains high, rising interest rates are putting a squeeze on capital as well as making consumer credit more expensive, and both the China COVID lockdowns and the Russian war in Ukraine continue to crimp global supply chains. But even though the markets are facing serious headwinds, not every stock is going to react by falling. According to the analysts at Wall Street giant Deutsche Bank, two interesting stocks are like

Textron stock soared Tuesday after the defense company won a contract worth up to $80 billion to build a new helicopter for the Army. The Army is turning to Textron (ticker: TXT) subsidiary Bell Helicopter for a new long-range assault helicopter—the Bell V-280 Valor—that will replace the service’s 40-plus-year-old UH-60 Black Hawk. Textron beat a joint bid from Lockheed Martin (LMT) and Boeing (BA).

Don’t get fooled into thinking the stock market’s recent positive action has legs. Morgan Stanley’s Chief U.S. Equity Strategist Mike Wilson thinks it’s time to take profits “before the Bear returns in earnest.” Wilson notes that his team’s tactical targets have been met and thinks the recent run-up has run its course. “Bear market rally runs into our original resistance levels--it's time to fade it,” says Wilson. With the “risk-reward of playing for more upside quite poor at this point,” Wilson

The first fast-paced company with serious upside is hydrogen fuel-cell solution provider Plug Power (NASDAQ: PLUG). According to analyst Amit Dayal of H.C. Wainwright, Plug Power can reach $78. For those of you keeping score at home, this would work out to a near-quintupling in the company's share price in 2023.

Binance CEO CZ is speaking out against SBF after FTX’s collapse and arguing he had nothing to do with his rival’s downfall.

The FTX-linked trading firm made a number of unorthodox investments in the months leading up to its stunning collapse.

A broad cross-section of stocks tumbled again on Tuesday as market watchers focused on the Federal Reserve Bank's ongoing battle against inflation. Over the past several days, a couple of strong economic reports have increased concerns about the trajectory of an already overheated economy. With that as a backdrop, shares of Amazon (NASDAQ: AMZN) fell 2%, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) tumbled 2.4%, and Shopify (NYSE: SHOP) had slumped 4% as of 12:19 p.m. ET.

General Electric, whose spinoff of its health care and energy companies will leave Evendale-based GE Aerospace as the sole company, bought out every single print add in the New York Times for the first time in the newspaper's history.

While NIO and Li Auto (LI) hit monthly-record deliveries in November, XPeng (XPEV) sees a sharp fall in deliveries on a yearly basis.

A strong jobs report these days runs counter to the Fed’s wishes. The line of thought is that if the job market is still too hot, the Fed won’t be keen on loosening its tight monetary policy in the ongoing efforts to tame inflation. And this is a scenario the market is keen to avoid after a series of 75 basis-point hikes this year. But J.P. Morgan Asset Management chief strategist David Kelly thinks the latest numbers flatter to deceive and believes the way the data is reported distorts the real

The market rally has erased all the gains from Fed chief Jerome Powell's Nov. 30 speech. Apple and Exxon undercut key levels. Here's what to do now.

Even a dour outlook for the broader stock market couldn't outweigh good news for these companies.

Shares of Devon Energy (NYSE: DVN) fell 11.4% in November, according to data provided by S&P Global Market Intelligence. The primary factor weighing on the oil stock was its third-quarter report, where the company unveiled a lower total dividend payment. Devon Energy launched the oil industry's first fixed-plus-variable dividend framework in early 2021.

Recessions aren't fun to live through. But if you're prepared, they don't have to be painful for your portfolio, either.

Blackstone Inc said redemptions from its $50 billion non-traded business development company reached its pre-set limit for the first time but investors were still allowed to cash out on their investments. This is the first time redemption requests had reached the pre-set limit of 5% since Blackstone launched the product in January last year. It also comes after Blackstone announced last Thursday that it would curb withdrawals from its $69 billion unlisted real estate income trust (REIT) following a surge in redemption requests.

DEEP DIVE Stocks of companies that raise dividends consistently have outperformed during this year’s bear market. Below is a screen showing which stocks are analysts’ favorites for next year among an expanded list of Dividend Aristocrats.

When investors are in "risk-off" mode, unprofitable EV companies are often the first to be sold.

The EV stock has been stuck in a range in recent weeks. That isn't going to change for a while, but if it does, the risk is skewed to the downside.