Avago Technologies to Acquire LSI Corporation for $6.6 Billion in Cash

Silver Lake Partners to Support Transaction With $1 Billion Investment in Avago

  • Positions Avago as a leader in enterprise storage
  • Expands market position and brings valuable system-level expertise in wired infrastructure
  • Diversifies revenue and scales up Avago across multiple attractive end markets
  • Significantly and immediately accretive to Avago free cash flow and EPS on a non-GAAP basis
  • $200 million of annual operating synergies expected by the end of fiscal year 2015
    Read more: LSI Corporation ( LSI )

SigmaTron International, Inc. Reports Second Quarter Financial Results for Fiscal 2014

SigmaTron International, Inc. (SGMA), an electronic manufacturing services company, today reported revenues and earnings for the second quarter ended October 31, 2013.

Revenues increased to $56.6 million for the second quarter of fiscal 2014 from $52.7 million for the same quarter in the prior year. Net income increased to $784,654 in the second fiscal quarter compared to $482,834 for the same period in the prior year. Basic and diluted earnings per share were $0.20 and $0.19 respectively, for the quarter ended October 31, 2013, compared to basic and diluted earnings per share of $0.12 for the same quarter in fiscal 2013.

Read more: SigmaTron International Inc ( SGMA )

Rambus and Micron Sign License Agreement

Agreement settles all outstanding disputes

Rambus Inc. (RMBS) and Micron Technology, Inc. (MU) today announced they have signed a broad patent cross license agreement. Under the agreement, Micron gains the right to use any Rambus patent for the manufacture of specified integrated circuit products, including any memory integrated circuit products. Certain of these memory products will enjoy a perpetual, paid-up license after the end of the initial term. The agreement requires quarterly royalty payments to Rambus over the next seven years capped at $10 million per quarter, with a rolling twelve-month cap fixed at $40 million, or $280 million during the initial term. In addition, Micron will have the option to extend the initial term of this agreement for additional renewal periods. As part of this agreement, the two companies have settled all outstanding patent and antitrust claims, and the agreement covers both Micron and Elpida products. Other terms and details of the agreement are confidential.

Read more: Rambus Inc ( RMBS )

Aetrium Reports Orders for Multiple Units of VMAX IC Handlers

Aetrium Incorporated (ATRM) announced today recent bookings of multiple units of its VMAX IC test handlers. Daniel Koch, the recently appointed CEO of Aetrium, Incorporated today said, "We are all very pleased with the recent orders for our newest product offering, the VMAX IC test handler. It is especially pleasing to see both new customers and long term customers in our current backlog. All of these new orders are being driven by increased capacity needs and they are quite diverse in their end applications. The semiconductor industry continues to show signs of slow and deliberate recovery."

Read more: Aetrium Incorporated ( ATRM )

Superconductor Technologies Reports Third Quarter 2013 Results

-- Grows Conductus wire purchase order backlog and pipeline for qualification purposes --
-- Increases wire output per run and begins taking delivery of commercial scale machine components --

Superconductor Technologies Inc. (STI) (SCON), a world leader in the development and production of high temperature superconducting (HTS) materials and associated technologies, reported results for the quarter ended September 28, 2013.

"In the third quarter, we advanced our progress in commercializing our Conductus(R) wire by fully completing our first purchase order, continuing to ship against other existing orders, and further increasing our order pipeline," said Jeff Quiram, STI's president and chief executive officer.

Read more: Superconductor Technologies ( SCON )
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