AMD Reports 2016 First Quarter Results

SUNNYVALE, CA  -- 04/21/16 AMD (NASDAQ: AMD) today announced revenue for the first quarter of 2016 of $832 million, operating loss of $68 million, and net loss of $109 million, or $0.14 per share. Non-GAAP(1) operating loss was $55 million and non-GAAP(1) net loss was $96 million, or $0.12 per share.

GAAP Financial Results

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                               Q1-16           Q4-15           Q1-15
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Revenue                        $832M           $958M           $1.03B
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Operating loss                 $(68)M          $(49)M         $(137)M
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Net loss / Loss per share $(109)M/$(0.14) $(102)M/$(0.13) $(180)M/$(0.23)
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Read more: AMD ( AMD )

API Technologies Announces Definitive Agreement for Acquisition by Affiliate of J. F. Lehman & Co.

Shareholders to Receive $2.00 per Share in Cash

ORLANDO, Fla., Feb. 29, 2016  -- API Technologies Corp. (ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced a definitive agreement providing for the Company to be acquired by an affiliate of private equity firm J. F. Lehman & Company ("JFLCO"), which specializes in the aerospace, maritime and defense industries.

Under the terms of the agreement, a newly formed affiliate of JFLCO will acquire all of the outstanding shares of API Technologies' common stock for $2.00 per share in cash in a merger transaction. The cash consideration represents a premium of approximately 98% to API's closing share price on February 26, 2016 and a 74% premium to its weighted average trading price over the trailing 30 days. The transaction is expected to close in the second fiscal quarter of 2016.

Read more: API Technologies Corp ( ATNY )

Lattice Semiconductor Reports Fourth Quarter and Full Year 2015 Results

Financial Highlights*:

Fourth quarter 2015 revenue of $101.2 million on a GAAP basis and $101.3 million on a non-GAAP basis (excluding $7 million of forecasted Q4 revenue from an IP contract that will now be recognized as revenue when payments are received).
Fourth quarter 2015 net loss of $45.5 million or $0.38 per basic and diluted share on a GAAP basis, and net loss of $5.0 million or $0.04 per basic and diluted share on a non-GAAP basis.
Fourth quarter 2015 operating expenses of $90.6 million on a GAAP basis (includes a $21.7 million impairment of goodwill and intangible assets), and $51.9 million on a non-GAAP basis.
Fourth quarter 2015 gross margin of 53.5% on a GAAP basis and 54.6% on a non-GAAP basis.
Fiscal year 2015 revenue of $406.0 million on a GAAP basis and $411.2 million on a non-GAAP basis.

Read more: Lattice Semiconductor Corporation ( LSCC )

SunEdison Semiconductor to Evaluate Strategic Alternatives

  • Board authorizes process following receipt of unsolicited preliminary indications of interest
  • Company has retained Barclays to assist in the review process

ST. PETERS, Mo., Feb. 18, 2016 -- SunEdison Semiconductor Limited (SEMI) ("SunEdison Semiconductor" or the “Company”) announced today that its Board of Directors has authorized a process to explore a range of strategic alternatives following receipt of unsolicited preliminary indications of interest in the Company. 

The Company has retained Barclays to assist in its review of strategic alternatives, which could include, among other things, a merger or sale of the Company or continuing to pursue the Company’s existing operating and growth plan.  During its strategic review process, the Company intends to continue to vigorously pursue its existing business plan.

Read more: SunEdison Semiconductor Limited ( SEMI )

MFLEX Announces Fourth Quarter And Full-Year 2015 Financial Results

Sixth consecutive quarter of strong profitability; Exited 2015 with record cash balance of $214 million

IRVINE, Calif., Feb. 4, 2016  -- Multi-Fineline Electronix, Inc. (MFLX), a leading global provider of high-quality, technologically advanced flexible printed circuits and assemblies, today reported financial results for its fourth quarter and full-year ended December 31, 2015.  Fourth quarter 2015 net income was $10.4 million, or $0.41 per diluted share, compared to $16.0 million, or $0.65 per diluted share, in the same period last year. 

Net sales for fourth quarter 2015 were $169.0 million, compared to $210.0 million for the same period last year. The decline was mainly attributable to softness in the tablet and smartphone markets.

Read more: Multi-Fineline Electronix Inc ( MFLX )

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