Harmonic Shares Slip As Financial Chief Announces Plans To Leave

By Wallace WitkowskiMarketsMarketWatch Pulse

Harmonic Inc. shares slipped in the extended session Tuesday after the digital video infrastructure company said its financial chief plans to resign in the coming months. Harmonics shares fell 2.9% to $5.05 after hours. The San Jose, Calif.-based company said CFO Harold Covert will continue on until after the filing of the company's annual report with the Securities and Exchange Commission. In the meantime, Harmonic has launched a search for a new CFO.

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