Zoom Technologies Inc. to Acquire Tinho Union Holding Group

On January 13, 2014, Zoom Technologies, Inc. (ZOOM) (the "Company") entered into a Letter of Intent (the "LOI") with Tinho Union Holding Group ("Tinho") to acquire all the outstanding shares of Tinho by issuing approximately 9.4 million new shares of the Company's common stock at a valuation of $8.6505 per share to the shareholders of Tinho (the "Transaction").

Upon closing of the Transaction, the current shareholders of Tinho would own approximately 75% of Zoom's ownership interest. The Transaction is subject to shareholder approval by both parties and other closing conditions. Among other conditions in the LOI, Tinho has agreed to make good provisions of after tax net income of RMB 50 million (USD $8.2 million) and RMB 68 million (USD $11.1 million), using current exchange rates, for the years ended December 31, 2013 and 2014, respectively, on half of the consideration shares.

Zoom Agrees to Zhumu Assigning Purchase Rights to Tianjin Huatianli

Zoom Technologies, Inc. (ZOOM) ("Zoom" or the "Company") announced it has agreed to the assignment by Beijing Zhumu Culture Communication Company, Ltd. ("Zhumu") to Tianjin Huatianli Trading Co., Ltd. ("Huatianli") for the right to purchase the Company's interest in Tianjin Tongguang Group Digital Communication Company, Ltd. ("TCBD").

On December 31, 2012, Zoom entered into a Share Purchase Agreement (the "Share Purchase Agreement") with Zhumu for the sale of certain of the Company's China-based operations, including its wholly owned subsidiaries Ever Elite Corporation Limited ("Ever Elite"), Beijing Nollec Wireless Company ("Nollec"), Profit Harvest Corporation, Ltd. ("Profit Harvest"), Celestial Digital Entertainment, Ltd. ("CDE"), and 80% ownership of TCBD. The aggregate purchase price for the sale of these operations was RMB200 million (the "Purchase Price").

Sonus Networks Announces Definitive Agreement to Acquire Performance Technologies, Inc.

Acquisition Expected to Fortify Sonus Mobility and Virtualization Strategies and Expand Sonus Addressable Market by 50%

Sonus Confirms Fourth Quarter and Full Year 2013 Guidance

Key Takeaways:
    Transaction is expected to be accretive to non-GAAP EPS for full year 2015; mildly dilutive (two cents or less) in 2014.
    Planned acquisition would accelerate Sonus’ mobility strategy by adding Diameter Signaling capabilities required in all-IP, IMS 4G/LTE (Long Term Evolution) networks.
    Diameter market, which is in its infancy, is rapidly expanding and projected to grow by an average of 42% per year from 2013 through 2017, to reach nearly $1 billion, according to Exact Ventures, allowing Sonus to expand its addressable market by 50% to nearly $3 billion in 2017.
    Acquisition would expand and diversify Sonus’ portfolio with an integrated, virtualized Diameter and SIP-based solution.
    PT shareholders to receive $3.75 per share in cash.

Ceragon Networks Ltd. Prices Underwritten Public Offering of Ordinary Shares

Ceragon Networks Ltd. (CRNT), today announced the pricing of an underwritten public offering of 14,000,000 of its ordinary shares at a price of $2.40 per share. The company has also granted to the underwriters a 30-day option to acquire an additional 1,600,000 shares to cover overallotments in connection with the offering. After the underwriting discount and estimated offering expenses payable by the company, the company expects to receive net proceeds of approximately $31.4 million, assuming no exercise of the overallotment option. The offering is expected to close on November 26, 2013, subject to customary closing conditions.

Needham & Company is acting as lead book-running manager of the offering. Oppenheimer & Co. is acting as co-book runner.