Lumentum To Acquire Oclaro For $1.8B In Cash And Stock

- Best in class photonics capabilities join forces to accelerate innovation and industry roadmaps
- Strengthens and broadens R&D capabilities and product portfolio
- Estimate more than $60 million in annual run-rate synergies within 12 to 24 months
- Expected to be accretive to non-GAAP earnings per share immediately after closing
 
MILPITAS, Calif., and SAN JOSE, Calif., March 12, 2018 -- Lumentum Holdings Inc. ("Lumentum" or the "Company"), a leading provider 
of photonics products for optical networking and lasers for industrial and consumer markets, and Oclaro, Inc. ("Oclaro"), a leader in optical components and modules for the long-haul, metro, and data center markets, today announced that the two companies have signed a definitive agreement, unanimously approved by the boards of directors of both companies, pursuant to which Lumentum will acquire all of the outstanding common stock of Oclaro. 
Read more: Oclaro Inc ( OCLR )

Trio-Tech Fiscal 2018 First Quarter Net Income Doubles to $0.16 Per Share On 22.0% Revenue Gain Versus 2017 First Quarter

VAN NUYS, Calif. --  Trio-Tech International (NYSE MKT: TRT) today announced financial results for the first quarter of fiscal 2018:
 
● Revenue increased 22.0% compared to the first quarter of fiscal 2017.
● Operating income increased 45.1% compared to the first quarter of fiscal 2017.
● Net income attributable to TRT increased 89.8% compared to the first quarter of fiscal 2017.
● Earnings per share doubled to $0.16 compared to $0.08 for the first quarter of fiscal 2017.
 
CEO Comments
S.W. Yong, Trio-Tech's CEO, said, "Trio-Tech's excellent first quarter financial results speak for themselves: Revenue increased sharply in each of our business segments, driving commensurate gains in operating income, net income and earnings per share versus the first quarter of last fiscal year. Our Singapore and Tianjin, China operations were especially strong, and business conditions there currently appear likely to remain favorable. This was our strongest quarterly financial performance in quite some time, a tribute to the hard work and dedication of Trio-Tech's entire team, and we are optimistic regarding the remainder of the year."
Read more: Trio-Tech International ( TRT )

Littelfuse to Acquire IXYS Corporation

Acquisition significantly expands capabilities across high growth power semiconductor markets
 
CHICAGO & MILPITAS, Calif. -- Littelfuse, Inc. (NASDAQ:LFUS) and IXYS Corporation (NASDAQ:IXYS) today announced that they have entered into a definitive agreement under which Littelfuse will acquire all of the outstanding shares of IXYS in a cash and stock transaction. The transaction represents an equity value of approximately $750 million and enterprise value of $655 million.(1) Under the terms of the agreement, each IXYS stockholder will be entitled to elect to receive, per IXYS share, either $23.00 in cash or 0.1265 of a share of Littelfuse common stock, subject to proration. In total, 50% of IXYS stock will be converted into the cash election option and 50% into the stock election option.
Read more: IXYS Corporation ( IXYS )

Eltek Ltd. Receives an Order for up to $3.0 Million From a Governmental Authority

PETACH-TIKVA, Israel, July 24, 2017 -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today it received an order from a governmental authority for a project that includes, among other things, manufacturing and procurement in an amount of up to approximately US$ 3 million.
 
The execution of the project will extend over a period of two years, during which Eltek will be required to meet quarterly milestones. The customer has an option to extend the project for an additional twelve month period, during which Eltek will be required to meet additional quarterly milestones.
Read more: Eltek Ltd ( ELTK )

QuickLogic Collaborates with AISpeech Company, Ltd. to Enable Cloud-Based Artificial Intelligence

SUNNYVALE, CA--(June 23, 2017) - QuickLogic Corporation (NASDAQ: QUIK)
 
AISpeech is a leading enterprise of AI-based speech technology in China
Supports QuickLogic vision to enable any battery-powered IoT device to connect to cloud-based digital AI assistants via voice commands
First application will be Bluetooth headsets from IoT hardware company, Qiwo
QuickLogic Corporation (NASDAQ: QUIK), a developer of ultra-low power multi-core voice enabled SoCs, embedded FPGA IP, display bridge and programmable logic solutions, today announced that it is collaborating with AISpeech, a leading enterprise of Artificial Intelligence (AI) speech technology that is currently focusing on the Chinese market.
Read more: QuickLogic Corporation ( QUIK )

Videos / Webinars

View all videos