Broadcom to Explore Strategic Alternatives for Cellular Baseband Business

Company Accelerates Key Initiatives in Broadband, Infrastructure and Connectivity Markets
Conference Call Webcasted at 6:00 a.m. PT / 9:00 a.m. ET www.broadcom.com/investors

IRVINE, Calif., June 2, 2014 -- Broadcom Corporation (BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today announced it is exploring strategic alternatives for its cellular baseband business, including a potential sale or wind-down. The company has engaged investment bank JP Morgan in connection with its efforts.

The successful sale or wind-down of the cellular baseband business is currently expected to result in a roughly $700 million reduction in annualized GAAP research and development and selling, general and administrative expenses, of which approximately $100 million relates to estimated reductions in stock-based compensation.

OmniVision Reports Financial Results For The Fourth Quarter Of Fiscal 2014

SANTA CLARA, Calif., May 29, 2014  -- OmniVision Technologies, Inc. (OVTI), a leading developer of advanced digital imaging solutions, today reported financial results for the fourth quarter of fiscal 2014 that ended on April 30, 2014.

Revenues for the fourth quarter of fiscal 2014 were $331.0 million, as compared to $352.0 million in the third quarter of fiscal 2014, and $336.2 million in the fourth quarter of fiscal 2013. GAAP net income in the fourth quarter of fiscal 2014 was $15.1 million, or $0.26 per diluted share, as compared to net income of $30.6 million, or $0.54 per diluted share in the third quarter of fiscal 2014, and $8.9 million, or $0.17 per diluted share in the fourth quarter of fiscal 2013.

FormFactor, Inc. Raises Second Quarter Guidance

LIVERMORE, CA--(Marketwired - May 27, 2014) -  FormFactor, Inc. (NASDAQ: FORM) today announced it expects revenue for its fiscal second quarter of 2014 to be between $65 and $69 million, higher than the company's previous revenue guidance of $62 to $66 million. Non-GAAP gross margin is expected to be between 34% to 37%, higher than the company's previous gross margin guidance of 31% to 34%. Customer demand across the SOC and the DRAM segments are the main drivers for the increase to the company's expected revenue results.

"We continue to see strength in our business in both SOC and DRAM market segments," said Tom St. Dennis, CEO and Executive Chairman of the Board of FormFactor, Inc. "While we are encouraged by the strong momentum in our business, we remain focused on our longer term strategic initiatives that will drive growth beyond 2014."

Aeroflex To Be Acquired by Cobham plc For Approximately $1.46 Billion

Aeroflex shareholders to receive $10.50 per share in cash

PLAINVIEW, N.Y.--(BUSINESS WIRE) -- Aeroflex Holding Corp. (ARX), a leading global provider of high performance microelectronic components and test and measurement equipment, today announced that it has entered into a merger agreement with Cobham plc (LSE:COB.LN), a UK-listed company that designs and manufactures a wide range of equipment, specialized systems and components for the aerospace, defense, energy, and electronics industries. Under the terms of the transaction, Cobham will acquire Aeroflex for $10.50 per share in cash. Total transaction value is approximately $1.46 billion, including the assumption of Aeroflex’s net debt of $540 million at March 31, 2014.