August 2008 [Industry News] Financial News ANSOFT CORPORATION, a global provider of Electronic Design Automation (EDA) software, announced that at the company’s special meeting of stockholders held on July 23, 2008 in Pittsburgh, PA, that the company’s stockholders voted to adopt and approve the merger agreement providing for the acquisition of Ansoft by ANSYS, Inc. Ansoft also announced that the conditions to ANSYS’ obligations contained in Section 7.2 of the merger agreement have been satisfied.... — Dawn Hightower July 2008 [Industry News] Agilent Technologies Acquires Assets Of Escort Instruments Corp. AGILENT TECHNOLOGIES INC. has acquired substantially all of the assets of Taiwan-based Escort Instruments Corporation, a supplier of low-cost test and measurement instruments and a subsidiary of Unitech Printed Circuit Board Corporation. The financial details of the acquisition were not disclosed. The acquisition includes Escort Instruments’ R&D, marketing, intellectual property and the majority of the subsidiary’s low-cost instrument ... — Dawn Hightower June 2008 [Industry News] Cobham Acquires M/A-COM For $425 Million THROUGH AN AGREEMENT WITH M/A-COM, Cobham plc will purchase M/A-COM’s radio-frequency components and subsystems business—one of the largest original-equipment manufacturers (OEMs) of microwave subsystems in the world—from Tyco Electronics for US $425 million in cash. That price will total an effective US $380 million after an allowable tax expense relating to good-will amortization. This transaction represents another step forward in Cobham’s growth... — Dawn Hightower May 2008 [Industry News] STMicroelectronics And NXP Merge Businesses NXP (GENEVA, SWITZERLAND) and STMicroelectronics have agreed to combine key wireless operations to form a joint-venture company with strong relationships with all major handset manufacturers. The new company will have the scale to better meet customer needs in 2G, 2.5G, 3G, multimedia, connectivity, and all future wireless technologies. Specifically, the company will be well positioned for Universal Mobile Telecommunication System (UMTS), the emerging 3G... — Dawn Hightower April 2008 [Industry News] Ansys Intends To Acquire Ansoft Corp. ANSYS, INC. (SOUTHPOINTE, PA) and Ansoft Corp. have signed a definitive agreement whereby ANSYS will acquire Ansoft for approximately $832 million in a mix of cash and ANSYS common stock. The business combining of ANSYS and Ansoft will create a provider of simulation capabilities with combined trailing 12-month revenues of $485 million. When completed, ANSYS anticipates that the transaction will be modestly accretive to non-GAAP earnings per share in its... — Dawn Hightower March [Industry News] Fox Electronics Acquires Jet City Electronics Fox Electronics (Ft. Myers, Fl), a supplier of frequency-control solutions, recently announced its acquisition of Jet City Electronics, Inc. Jet City is a Seattle, Washington-based fabless-semiconductor design firm. This merger makes Fox one of only a handful of crystal-oscillator manufacturers in the high-performance, analog-intensive, mixed-signal timing arena. The acquisition of a semiconductor company by a frequency-control company reveals an emerging trend toward... — Dawn Hightower February [Industry News] QUALCOMM Releases First-Quarter Results QUALCOMM, Inc. has announced results for the first fiscal quarter of 2008, which ended Dec. 30, 2007. According to the company, revenue was $2.44 billion—up 21 percent year over year and 6 percent sequentially. Net income was $767 million—up 18 percent year over year and down 32 percent sequentially. The sequential decrease in net income and diluted earnings per share for total QUALCOMM (GAAP) is due to a $331 million tax benefit recorded in the fourth ... — Dawn Hightower January 2008 [Computer-Aided Engineering] CST Acquires Flomerics' EM Business Line For software vendors, acquisitions usually offer a chance to enter new market areas and an immediate way to provide new services and products for customers. Through its acquisition of Flomerics’ (www.flomerics.com) electromagnetic (EM) simulation software business, for example, Computer Simulation Technology or CST (www.cst.com) gains considerable EM simulation capability while adding... — Nancy Friedrich December 2007 [Industry News] Harris Awarded Marine Corps Contract Harris Corp., an international communications and information technology company, has been awarded a $7.7 million indefinite delivery/indefinite quantity contract to provide its RF-7800W Broadband Ethernet Radio system to the US Marine Corps to deliver high-bandwidth data networking capability closer to the battlefield. The RF-7800W provides wireless backbone connections between higher- level command posts and their forward- operating bases at... — Compiled by John Curley November 2007 [Industry News] Danaher To Acquire Tektronix For $2.8B Danaher Corp. and Tektronix, Inc. announced that they have reached a definitive agreement under which Danaher will make a cash tender offer to acquire all of the outstanding common shares of Tektronix for $38.00 per share. The aggregate purchase price is approximately $2.8 billion, including debt, transaction costs, and net of cash acquired. The Board of Directors of Tektronix has unanimously recommended that Tektronix shareholders accept and... — Compiled by John Curley October 2007 [Industry News] Nokia Is To Acquire NAVTEQ Nokia and NAVTEQ have announced a definitive agreement for Nokia to acquire NAVTEQ. Under the terms of the agreement, Nokia will pay $78 in cash for each share of NAVTEQ including outstanding options for an aggregate purchase price of approximately $8.1 billion (euro 5.7 billion), or approximately $7.7 billion (euro 5.4 billion) net of NAVTEQ existing cash balance. The acquisition has been approved by the board of directors of each company and is subject... — Compiled by John Curley September 2007 [Industry News] RFMD To Acquire Sirenza Microdevices RF Micro Devices, Inc. and Sirenza Microdevices announced that they have signed a definitive merger agreement. Under the terms of the merger agreement unanimously approved by therespective boards of directors of the two companies, each outstanding share of Sirenza's common stock will be exchanged for a combination of 1.7848 shares of RFMD common stock and $5.56 in cash. Outstanding options to purchase Sirenza stock will be assumed by RFMD and... — Compiled by John Curley August 2007 [Industry News] Mobile Business Services To See Big Profits Mobile e-mail, sales-force automation tools, mapping applications, and Internet access—these are all mobile data applications and services that make business customers more efficient and improve their work quality. According to a report from ABI Research (www.abiresearch.com), Mobile Business Applications and Services, mobile data applications and services used by business customers will generate... — Compiled by John Curley July 2007 [Industry News] ATC Agrees To Be Acquired By AVX American Technical Ceramics Corp. (ATC), a manufacturer of electronic components, including capacitors and thin-film circuits for a range of commercial and military applications, announced that it has signed a definitive merger agreement with AVX Corp. pursuant to which all of the outstanding equity interests of ATC will be acquired by AVX. Pursuant to the merger, each outstanding share of ATC common stock will be converted into the right to receive $24.75 in... — Compiled by John Curley June 2007 [Industry News] Iridium Announces Q1 2007 Results Iridium Satellite LLC of Bethesda, MD announced that it had 183,000 subscribers worldwide as of March 31, 2007, a 23.6-percent increase over the company's 148,000 subscribers at the end of the first quarter of 2006. The company had first-quarter revenue of $52.7 million and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of $13.6 million. Iridium had revenue of $212.4 million and EBITDA of $53.8 million for the full-year 2006. Iridium chairman and... — Compiled by John Curley May 2007 [Industry News] Silicon Motion Agrees To Acquire FCI Silicon Motion Technology Corp., a fabless semiconductor company that designs, develops, and markets universally compatible, high-performance, low-power semiconductor solutions for the multimedia consumer market, announced that it has entered into a definitive agreement to acquire Future Communications IC, Inc. (FCI), a designer of RF integrated circuits (RF ICs) for mobile television and wireless communications that is based in Seoul, South Korea. Under the... — Compiled by John Curley April 2007 [Industry News] Content Is Driving Wireless Data Revenue Faced with a falling Average Revenue Per User (ARPU) for their voice services, mobile-communications providers are offering premium multimedia content in order to compensate for their reduced voice revenue per subscriber, according to the market-research firm iSuppli Corp. Voice ARPU fell by an average of five percent for the 13 key global wireless carriers profiled by iSuppli's Mobile Multimedia service. These carriers collectively represent more than 1 billion... — Compiled by John Curley March 2007 [Industry News] CSR Announces Strong FY2006 Results CSR plc has announced its 2006 financial with the company showing revenues for the year up 45 percent to $704.7M ($486.5M in 2005) and operating profits up 33 percent to $149.0M ($11.9M in 2005). CSR is already successfully executing on its strategy to diversify beyond supplying its Bluetooth technology to mobile-phone customers. More than 50 percent of the company's revenue in 2006 came from applications beyond handsets and prominent design wins included Sony's... — Compiled by John Curley February 2007 [Industry News] Telecom Growth Is Tied To Broadband In 2006, the US telecommunications market grew at its fastest rate since 2000, showing that the drive toward convergence continues to stimulate the telecommunications industry, according to TIA's 2007 Telecommunications Market Review and Forecast. Each year, TIA's Telecommunications Market Review and Forecast analyzes the trends affecting the information and communications technology industry. The report includes an overview of the entire industry, as well as detailed... — Compiled by John Curley January 2007 [Industry News] QUALCOMM Makes Two Acquisitions QUALCOMM, Inc., a developer of advanced wireless technologies and data solutions, has announced that it will be making acquisitions to complement its core wireless-technology offerings. QUALCOMM will acquire for cash the WLAN technology provider Airgo Networks, Inc. and the majority of RF Micro Devices' (RFMD's) Bluetooth® assets. "QUALCOMM's business strategy has always been integration, enhancing performance, and reducing time to market by offering complete... — Compiled by John Curley |
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