IDT Reports Q2 Fiscal Year 2014 Financial Results

Q2 Revenue of $124.6 Million, up 6 Percent Q/Q
Q2 GAAP EPS of $0.54; Q2 Non-GAAP EPS of $0.10
Record Revenue from RapidIO® Solutions Serving Wireless Infrastructure

Integrated Device Technology, Inc. (IDT^® or the Company) (IDTI), the Analog and Digital Company™ delivering essential mixed-signal semiconductor solutions, today announced results for the fiscal second quarter ended September 29, 2013.

“We leveraged significant improvements in our operating model to deliver better than expected profitability on sequential sales growth across each of our communications, computing and consumer end markets,” said Jeff McCreary, IDT interim president and chief executive officer.

AFOP Reports Quarterly Year-Over-Year Revenue Increases of 86%; Guidance for Year-Over-Year Increases of 80% in Fourth Quarter 2013

Alliance Fiber Optic Products, Inc. (AFOP), an innovative supplier of fiber optic components, subsystems and integrated modules for the optical network equipment market, today reported its financial results for the third quarter ended September 30, 2013.

Revenues for the third quarter of 2013 totaled $23,074,000, an 86% increase from revenues of $12,390,000 reported in the third quarter of 2012, and a 21% increase from revenues of $19,039,000 reported in the previous quarter. The Company recorded net income for the third quarter of 2013 of $5,621,000, or $0.31 per share, based on 18.1 million shares outstanding, compared to $1,892,000, or $0.11 per share, based on 17.6 million shares outstanding for the third quarter of 2012. This compares to net income for the second quarter of 2013 of $4,282,000, or $0.24 per share, based on 17.5 million shares outstanding.

Jury Finds Qualcomm Guilty of Infringement of ParkerVision Patents

Second Phase of Trial Addressing Damages and Willfulness Set to Begin

ParkerVision, Inc. (PRKR) ("ParkerVision" and "the Company"), a developer and marketer of semiconductor technology solutions for wireless applications, today announced that a jury in the U.S. District Court for the Middle District of Florida found Qualcomm Incorporated guilty of direct and indirect infringement of ParkerVision patents. That same jury also found ParkerVision's patents valid in light of the alleged prior art references identified by Qualcomm during the course of the trial.

RDA Microelectronics Announces Receipt of Non-Binding Acquisition Proposal

RDA Microelectronics, Inc. (RDA) ("RDA Microelectronics" or the "Company"), a fabless semiconductor company that designs, develops and markets wireless systems-on-chip and radio-frequency (RF) semiconductors for cellular, connectivity and broadcast applications, today announced that its Board of Directors has received an unsolicited, preliminary non-binding proposal letter dated September 27, 2013 from Shanghai Pudong Science and Technology Investment Co., Ltd. ("PDSTI"), a wholly state-owned limited liability company directly under Pudong New Area government of Shanghai, pursuant to which PDSTI proposes to acquire all of the outstanding ordinary shares of the Company (the "Shares) and American Depositary Shares of the Company (the "ADSs," each ADS representing six Shares), in each case other than those Shares or ADSs owned by PDSTI and its affiliates, for US$2.5833 in cash per Share or US$15.50 per ADS. A copy of the proposal letter is attached hereto as Appendix 1.