Business
Bruker and Agilent Technologies Announce Agreement for Bruker to Acquire Certain Varian Inc. Product Lines
Bruker Corp. and Agilent Technologies Inc. announced today that Bruker and Agilent have entered into a definitive asset purchase agreement. Pursuant to this agreement, Bruker will acquire certain product lines of Varian Inc., which Agilent has committed to divest in connection with obtaining regulatory approval for Agilent's previously announced acquisition of Varian.
Maxwell Technologies Posts Higher Sales for 4th Quarter and FY09
Maxwell Technologies today reported revenue of $28.0 million for its fourth quarter ended December 31, 2009, up 22 percent over the $22.9 million recorded in the same period in 2008. Operating loss for the fourth quarter 2009 was $9.7 million, including a $9.3 million accrual for potential settlement of U.S. Foreign Corrupt Practices Act violations, compared with a loss of $1.9 million in the same period last year.
AEG Power Solutions Acquires a Majority Stake in skytron energy
AEG Power Solutions strengthens its position as a solutions provider for megawatt utility-scale photovoltaic (PV) power plants with the purchase of a majority stake in skytron energy. Founded in 1996, Berlin-based skytron provides leading-edge metering, monitoring and supervision solutions to companies in engineering, procurement and construction (EPCs), as well as to independent power producers (IPPs). The technological leader in its field, skytron has been the recipient of a number of prestigious awards, including the highly coveted Intersolar Award. The amount of the transaction, which was paid in cash, is not being disclosed.
International Rectifier Announces Second Quarter Fiscal Year 2010 Results
International Rectifier announced financial results for the second quarter (ended December 27, 2009) of its fiscal year 2010. Revenue for the second quarter fiscal year 2010 was $210.2 million, a 17.2% increase from $179.4 million in the first quarter fiscal year 2010 and a 10.8% increase from $189.7 million in the second quarter fiscal year 2009.
Fairchild Semiconductor Files Patent Lawsuit Against Power Integrations in China
Fairchild Semiconductor (NYSE: FCS) announced it has filed a patent infringement lawsuit against Power Integrations, Inc. in the People's Republic of China.
Atego acquires Blue River
Atego, the leading independent supplier ofindustrial-grade, modeling and development tools for complex, mission and safety-critical embedded systems and softwarehas acquired Blue River Software GmbH, extending its embedded development software portfolio to now include C++ tools. Atego's acquisition of Blue River closely follows its creationfrom the recent mergerbetweenArtisan Software Tools and Aonix. The acquisition also demonstrates Atego'seffectiveness at delivering on its growth strategyas a platform for market consolidation.
KEMET and United States Department of Energy Sign Contract for $15.1 Million Government Grant
KEMET Corporation announced the signing of a $31.7 million contract with the U.S. Department of Energy's (DOE) National Energy Technology Laboratory. This contract is based on the $15.1 million grant awarded on August 5, 2009 as part of the American Recovery and Reinvestment Act Electric Drive Vehicle Battery and Component Manufacturing Initiative plus a $16.6 million matching investment by KEMET.
Hemisphere GPS Reports 16% Revenue Growth for Q4 2009
Hemisphere GPS, a designer and manufacturer of advanced GPS products, today reported financial results for the fourth quarter and year ended December 31, 2009. All amounts in this news release are expressed in US dollars.
AnalogicTech Reports Fourth Quarter and Fiscal Year 2009 Financial Results
Advanced Analogic Technologies reported financial results for the fourth quarter and fiscal year ended December 31, 2009. Net revenue for the fourth quarter of 2009 was $20.8 million, an increase of 12% over net revenue of $18.6 million for the fourth quarter of 2008 and a sequential decrease of 20% from net revenue of $26.1 million for the third quarter of 2009. Net revenue for the fiscal year ended December 31, 2009, was $86.5 million, down 4% from net revenue of $90.3 million for 2008.
TRaC Announces Plans for Major Investment in the North West of England
TRaC announces plans for a major investment of £1 million in a new test facility in Up Holland, Lancashire. The investment, which is supported by the North West Regional Development Agency, will create the largest comprehensive test facility in the North West of England and generate new jobs for the region. The new facility will provide convenient local test services, simplifying the certification process and helping companies in the region reduce the time to market of their products.
LBT Closes A Round of Financing
Light-Based Technologies Incorporated announces the final closing of their $2M A Round of financing. The deal will give Light-Based Technologies the financial support required to complete development and launch of their LB4 family of ICs for the control of Solid State Lighting (SSL) products.
Xilinx Names First Authorized Training Provider in South America
Xilinx Inc today announced the expansion of its Authorized Training Provider (ATP) program to South America with the addition of Anacom in Brazil. The company joins a global network of 28 Authorized Training Providers in Africa and the Middle East, Asia Pacific, the Americas, Europe, and Japan.
austriamicrosystems reports revenues and earnings for fiscal year 2009
austriamicrosystems was impacted by the global economic crisis and the resulting semiconductor industry downturn in the fiscal year 2009. Full year revenues decreased by 26% to EUR 137.2 million and the operating result was a loss of EUR -18.6 million. In the fourth quarter 2009, austriamicrosystems recorded a significant improvement in orders and returned to profitability with revenues of EUR 43.9 million, up 11% quarter-on-quarter. Total backlog at the end of 2009 was EUR 45.6 million (2008: 29.8 million). For full year 2010 austriamicrosystems expects a further strong improvement in revenues and gross margins and a return to profitability.
Link Microtek acquires secure-communications specialist Azdec
Link Microtek, the UK manufacturer and supplier of RF and microwave components, subsystems and instrumentation, has completed the acquisition of Southampton-based Azdec Ltd, which specialises in the design and manufacture of infra-red digital communications systems for military and industrial applications.
Agilent Technologies Reports First Quarter 2010 Results
Agilent Technologies Inc. (NYSE: A) today reported revenues of $1.21 billion for the first fiscal quarter ended Jan. 31, 2010, 4 percent above one year ago. First quarter GAAP net income was $79 million, or $0.22 per diluted share. Last year's first quarter GAAP net income was $64 million, or $0.18 per share.
Agilent Technologies Signs Agreement to Sell Network Solutions Business to JDSU
Agilent Technologies announced it has signed a definitive agreement to sell its network solutions business to JDSU who will pay Agilent $165 million in cash. Subject to customary closing conditions and regulatory approval, the transaction is expected to be final in the June calendar quarter 2010.
STMicroelectronics Announces an Agreement for the Combination of Numonyx into Micron Technology, Inc.
STMicroelectronics announced that, together with its partners Intel Corporation and Francisco Partners, it has entered into a definitive agreement with Micron Technology Inc., in which Micron will acquire Numonyx Holding B.V. in an all-stock transaction. The Flash memory joint venture was created by the partners on March 30, 2008.
Elma Revenue declines by 9.9% in 2009 – Order income on previous year’s level
Elma Group has recorded a revenue of CHF 112.5 Mio. in business year 2009. This is a decrease of 9.9% compared to the previous year. Adjusted for currency translation, the revenue dropped by 8.2% on last year. Adjusted for acquisition effects, sales were down by 17.9%. The incoming orders increased by 0.2% compared to 2008 up to CHF 121.3 Mio. (adjusted for currency translation effects it climbed by 2.0%, adjusted for acquisition effects it fell by 9.2%). The 4th quarter 2009 proved to be the strongest period with sales of CHF 29.8 Mio. The order income of CHF 29.9 Mio. confirmed the uptrend in the 4th quarter 2009.
Linden Acquires Hycor Biomedical Business from Agilent Technologies
Linden LLC, a Chicago-based healthcare private equity firm, today announced it has acquired Hycor Biomedical Inc. from Agilent Technologies (NYSE: A). Hycor develops, manufactures and markets in vitro diagnostic products for the global allergy, autoimmune and urinalysis markets. Agilent acquired Hycor through its acquisition of Stratagene in 2007. The terms of the agreement were not disclosed.
ON Semiconductor Reports Fourth Quarter and 2009 Annual Results
ON Semiconductor announced that total revenues in the fourth quarter of 2009 were $497.1 million, an increase of approximately 5 percent from the third quarter of 2009. During the fourth quarter of 2009, the company reported GAAP net income of $68.0 million, or $0.15 per fully diluted share. The fourth quarter 2009 GAAP net income included net charges of $16.9 million, or $0.04 per fully diluted share, from special items. The special item details can be found in the attached schedules. During the third quarter of 2009, the company reported a GAAP net income of $29.9 million, or $0.07 per fully diluted share.
Keithley Instruments Reports Profitable Results For Fiscal 2010 First Quarter
Keithley Instruments, Inc. (NYSE:KEI), a world leader in advanced electrical test instruments and systems, today announced results for its fiscal 2010 first quarter ended December 31, 2009.
LG-Nortel, Accton Sign Agreement to Establish Joint Venture for North America
Accton Technology Corporation, a Taiwanese global telecommunications equipment company and LG-Nortel, a Korean global telecommunications solution provider , today announced that they signed an agreement to form a joint venture that will offer voice and data solutions for North American small and medium businesses (SMBs) and large enterprises.
ON Semiconductor Corporation Completes Tender Offer for California Micro Devices Corporation
ON Semiconductor today announced the successful completion of its tender offer for California Micro Devices Corporation (Nasdaq: CAMD), which expired January 26, 2010 at 12:00 midnight, New York City time. The 21,257,315 tendered shares represent approximately 90.5 percent of outstanding California Micro Devices Corporation shares. An additional 339,156 shares were tendered by notice of guaranteed delivery. ON Semiconductor has accepted for payment the shares validly tendered and not withdrawn. As a result of the valid tenders and acceptance of payment, ON Semiconductor will own more than 90 percent of outstanding California Micro Devices Corporation shares and expects to promptly complete the acquisition of California Micro Devices Corporation in accordance with applicable provisions of Delaware law that authorize the completion of the merger as a short form merger without a vote or meeting of the stockholders of California Micro Devices Corporation.
Prysmian, financing of 1.070 mmllion euro successfully closed with oversubscription
Prysmian SpA signed today a 1.070 million euro long term credit facility with a pool of primary domestic and international banks. The agreement has maturity 31 December 2014 and will be utilized to refinance the company's existing facilities, including general corporate purposes, at their maturity date on 3 May 2012. The contract is a "forward start agreement" negotiated in advance respect to the date of its utilization.
Xilinx Posts Record Sales of $513 Million
Xilinx, Inc. (Nasdaq: XLNX) today announced record third quarter fiscal 2010 sales of $513.3 million, up 24% sequentially and up 12% from the third quarter of the prior fiscal year. Third quarter net income was $106.9 million, or $0.38 per diluted share, including previously announced restructuring charges totaling $5.5 million, or approximately $0.02 per diluted share. On a year over year basis, third quarter net income and diluted earnings per share declined because in the third quarter of fiscal 2009 there was a $58.3 million pre-tax gain from the early extinguishment of convertible debentures, partially offset by a $19.5 million pre-tax impairment charge on investments.
Agilent Technologies' Acquisition of Varian, Inc. Cleared by European Commission
Agilent Technologies, Inc. (NYSE: A) and Varian, Inc. (NasdaqGS: VARI) today announced that they have been granted conditional antitrust clearance from the European Commission for Agilent's proposed acquisition of Varian.
Fairchild Semiconductor Reports Results for the Fourth Quarter and Full Year 2009
Fairchild Semiconductor today announced results for the fourth quarter ended December 27, 2009. Fairchild reported fourth quarter sales of $354.5 million, up 7 percent from the prior quarter and 11 percent higher than the fourth quarter of 2008.
STMicroelectronics Announced the Repurchase of a Portion of its Zero Coupon Senior Convertible Bonds due 2016
STMicroelectronics (NYSE: STM) today announced that it has completed a program to repurchase a portion of its outstanding Zero Coupon Senior Convertible Bonds due 2016 ("2016 Bonds"). A total of $298,174,000 nominal value of 2016 Bonds were repurchased representing approximately 30.6% of the total amount originally issued.
Siano Gears Up for Steep Growth: Raises $24M in Round D Funding
Siano Mobile Silicon announced today the completion of a $23.5M fourth round of funding. The round consists exclusively of all of Siano's existing investors: JVP, DFJ-Tamir-Fishman, Star Ventures, Walden Israel, and Bessemer Venture Partners.
Keithley Instruments Restores Employee Compensation; Updates First Quarter Fiscal 2010 Guidance
Keithley Instruments today announced that it will restore employee compensation to full pay effective January 1, 2010. The Company had previously reduced compensation by ten percent for the majority of U.S. exempt employees and by twelve percent for the Company's three senior officers, and had implemented unpaid days off for U.S. non-exempt employees, effective January 1, 2009. The Company anticipates that the salary restoration will increase fiscal 2010 annualized operating costs by approximately three percent.
Mobile Search Leader EVRYX Announces Strategic Interim Funding to Bolster IP
Evryx Technologies, Inc has completed an interim funding round with a strategic investment led by T.R. Winston & Company.
Prism Sound and LOUDSOFT announce strategic partnership
Prism Sound has announced a strategic partnership with LOUDSOFT, Danish manufacturer of loudspeaker simulation and analysis tools: Prism Sound will become a global sales and support agent for LOUDSOFT's entire product range, with immediate effect.
Enel Green Power, Sharp and STMicroelectronics Sign Agreement for the Largest Photovoltaic-Panel Manufacturing Plant in Italy
Today, Enel Green Power, Sharp and STMicroelectronics signed an agreement for the manufacture of triple-junction thin-film photovoltaic panels in Italy. At the same time, Enel Green Power and Sharp signed a further agreement to jointly develop solar farms.
Infineon Technologies AG raises guidance for first quarter financials
Infineon Technologies AG today raised the guidance for the first quarter of the 2009/10 fiscal year. For the first quarter of the 2009/10 fiscal year Infineon now expects high single digit growth in group revenues compared to the fourth quarter of the 2008/09 fiscal year and high single digit margin for the Combined Segment Result. This increase is mainly driven by the Automotive (ATV) and Industrial & Multimarket (IMM) segments.
Lantronix Announces One-for-Six Reverse Stock Split on NASDAQ
Lantronix, Inc. (NASDAQ: LTRX), a leading provider of secure, remote device networking and data center management technologies, today announced that its one-for-six reverse stock split was completed effective the close of business on December 18, 2009. Trading of Lantronix, Inc. (the Company) common stock on The NASDAQ Capital Market will begin on a split-adjusted basis at the open of trading on December 21, 2009.
Hitachi and Renesas Conclude Absorption-type Company Split Agreement
Hitachi High-Technologies Corporation and Renesas Technology Corp. today announced that Hitachi High-Tech Instruments Co., Ltd., a wholly owned subsidiary of Hitachi High-Technologies, and Renesas Eastern Japan Semiconductor, Inc., a wholly owned subsidiary of Renesas Technology, today entered into an absorption-type company split agreement regarding the transfer of the semiconductor manufacturing equipment business, which is based at the Yamanashi Factory of Renesas Eastern Japan Semiconductor, to Hitachi High-Tech Instruments.
Prysmian: Euro 300 million contract awarded by Terna for the development of a new submarine power link between Sicily and Italian Mainland
Prysmian Cables & Systems has been awarded by Terna Spa Rete Elettrica Nazionale a major contract to develop the new Extra High Voltage submarine power link between Sicily and the Italian mainland, an interconnection of strategic importance for the development of the entire national power grid. The Prysmian contract, which is worth Euro 300 million for the supply of a "turn key" cable system, involves engineering, manufacturing, installation and commissioning of two 380 kV alternate current cable circuits between the Villafranca Tirrena (Sicily) and Scilla (Calabria) power stations. The total power transmission capacity of the new link will be 2,000 MW and will enhance the current 380 kV alternate current 1,000 MW link that already connects the power grids of Sicily and Calabria across the Strait of Messina, which was installed in 1984 by the same company, then known as Pirelli Cables. This project is expected to be completed by the end of 2013.
Prysmian sets off expansion in Russia by acquiring Rybinsk Electrocabel
Prysmian sets off its first move in the expansion strategy in the Russian market by closing the acquisition of Rybinsk Electrocabel, one of the most dynamic Russian cable manufacturers.
Infineon and Nokia Announce Collaboration to Develop Leading LTE Solutions
Infineon Technologies AG and Nokia today announced a cooperation to develop advanced radio frequency transceiver solutions. The agreement covers a non-exclusive collaboration to ensure the compatibility and interworking of Nokia's advanced licensable baseband modem technologies and Infineon's leading RF solutions.
ON Semiconductor to Acquire California Micro Devices for $4.70 per Share in an All-Cash Tender Offer
ON Semiconductor and California Micro Devices today announced the signing of a definitive merger agreement pursuant to which ON Semiconductor will acquire California Micro Devices (CMD) through a cash tender offer of $4.70 per share. With net cash, cash equivalents and short-term investments of approximately $45 million at the end of November 2009, the transaction value of CMD represents an enterprise value of approximately $63 million and an equity value of approximately $108 million, based on common stock outstanding and issued. The proposed transaction and related merger agreement have been approved by each company's board of directors.
