Spreadtrum Communications, Inc. Announces First Quarter 2010 Fiscal Results

Spreadtrum Communications, Inc. (Nasdaq: SPRD; "Spreadtrum" or the "Company"), one of China's leading wireless baseband chipset providers, today announced its unaudited financial results for the first quarter ended March 31, 2010.

FIRST QUARTER 2010 FINANCIAL SUMMARY:
-- Total revenue increased 23% quarter-over-quarter and 534% year-over-year to US$52.1 million, exceeding the Company's previously guided range of US$40-43 million.
-- Gross profit was US$23.7 million compared to US$17.8 million in the previous quarter and US$1.6 million in 1Q09. Gross margin was 45.5% compared to 42.2% in the previous quarter and 19.4% in 1Q09.

Published: 18 May 2010
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Cirrus Logic Reports Annual Revenue Growth of 27 Percent

Cirrus Logic, Inc. (Nasdaq: CRUS), a leader in high-precision analog and digital signal processing components, today announced financial results for the fourth quarter and fiscal year of 2010, which ended March 27, 2010.

Revenue for the quarter was $62.6 million, up 87 percent compared to $33.5 million during the fourth quarter of fiscal year 2009 and down slightly from $65.2 million in the previous quarter. Revenue for fiscal year 2010 totaled $221 million, a 27 percent increase compared to $174.6 million in fiscal year 2009. Gross margin for the quarter was 56 percent, up from 55 percent in the fourth quarter a year ago and up from 54 percent for the previous quarter. Gross margin for fiscal year 2010 was 54 percent compared to 56 percent in fiscal year 2009.

Published: 27 April 2010
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Microsemi Corporation to Acquire White Electronic Designs Corporation

  • Brings additional analog/mixed signal product offering
  • Extends Microsemi's product offerings with system level integrated solutions
  • Adds Anti Tamper capability with chip level solutions to growing market
  • Delivers immediate EPS accretion

Microsemi Corporation (Nasdaq:MSCC ), a leading manufacturer of high performance analog mixed-signal integrated circuits and high reliability semiconductors, announced today that it has entered into a definitive agreement to acquire White Electronic Designs Corporation (Nasdaq:WEDC) through a cash tender offer at $7.00 per share for a net transaction value of approximately $100 million, net of White Electronic's projected cash balance at closing.

Published: 30 March 2010
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Intersil to Acquire Techwell -- Adds Leadership Positions in Two High-Growth Industrial Video Markets

Intersil Corporation (NASDAQ: ISIL) -- Establishes Intersil as #1 Video IC Supplier in Security Surveillance Market -- Creates Leadership Position in Automotive Infotainment Market -- Acquisition Expected to be Accretive to 2010 EPS, excluding acquisition-related charges

Intersil Corporation (NASDAQ: ISIL) and Techwell, Inc. (NASDAQ: TWLL) announced today they have entered into a definitive agreement for Intersil to acquire Techwell through a cash tender offer at $18.50 per share. Net of Techwell's cash and equivalents, the transaction values Techwell at approximately $370 million.

Published: 22 March 2010
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SMTC Reports Fourth Quarter Sequential Growth

SMTC Corporation (Nasdaq: SMTX, TSE: SMX), a global electronics manufacturing services provider, today reported 2009 fourth quarter unaudited results. Revenue for the quarter was $51.2 million increasing $7.0 million or 16% sequentially. Net earnings from continuing operations for the quarter of $2.4 million compares with $0.5 million in the third quarter of 2009 and $1.0 million for the comparable period last year. Net earnings after discontinued operations for the quarter of $2.2 million compares with net earnings of $0.2 million in the third quarter of 2009 and a net loss of $0.1 million for the fourth quarter of 2008. Net earnings for the fourth quarter included a $0.5 million income tax recovery. The Company produced $55.3 million in revenue in the fourth quarter of 2008, a period largely unaffected by the global recession.

Published: 11 March 2010
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