KLA-Tencor Reports Fiscal 2016 First Quarter Results And Agreement To Combine With Lam Research

MILPITAS, Calif., Oct. 21, 2015 -- KLA-Tencor Corporation (KLAC) today announced operating results for its first quarter of fiscal year 2016, which ended on September 30, 2015, and reported GAAP net income of $105 million and GAAP earnings per diluted share of $0.66 on revenues of $643 million.

"KLA-Tencor posted solid results for the first quarter of fiscal year 2016, with new orders and earnings per share finishing above the range of guidance, and with revenue finishing at the top end of the range of guidance, demonstrating our market leadership, the resilience of our business model, and effective operational execution," said Rick Wallace, President and Chief Executive Officer. "The strong demand we are experiencing affirms KLA-Tencor's ongoing focus on providing superior value to customers both in terms of meeting market requirements and delivering superior competitive offerings."

Microsemi Corporation Announces Superior Proposal to Acquire PMC-Sierra, Inc. for $11.50 Per Share With Intent to Close in December 2015

- Produces significant scale with $1.75 billion of combined LTM revenue
- Anticipates more than $100 million in annual cost synergies, with $75 million in first full quarter
- Delivers immediate accretion with more than $0.60 EPS expected in first full year
- Creates industry-leading 60/30 profitability model
- Complements optical and switching portfolios, accelerates existing data center growth effort
- Reaffirms fiscal fourth quarter 2015 business outlook

Micron Technology, Inc., Reports Results for the Fourth Quarter and 2015 Fiscal Year

BOISE, Idaho, Oct. 1, 2015  -- Micron Technology, Inc., (MU) today announced results of operations for its fourth quarter and 2015 fiscal year, which ended September 3, 2015. Revenues for the fourth quarter of fiscal 2015 were $3.60 billion and were 7 percent lower compared to the third quarter of fiscal 2015 and 15 percent lower compared to the fourth quarter of fiscal 2014. Revenues for fiscal year 2015 were $16.19 billion and net income attributable to Micron shareholders was $2.90 billion, or $2.47 per diluted share. Cash flows from operations were $5.21 billion for fiscal year 2015.

"We are pleased to report Fiscal Year 2015 results that include revenue of $16.2 billion, $2.72 in non-GAAP earnings per share, and $2.3 billion in dilution management activities, including convert retirements and share repurchases," stated D. Mark Durcan, Chief Executive Officer. "While fourth quarter results were impacted by continued weakness in the PC sector, we believe that memory industry fundamentals remain favorable over the long term."

Mellanox Technologies, Ltd. Announces Definitive Agreement to Acquire EZchip

Combines highly successful teams, technologies, and products
Addresses large, growing markets, and expands opportunity within customer bases
Provides advanced, intelligent end-to-end interconnect solutions and processing capabilities that enable superior performance for data-intensive applications in Web 2.0, cloud, Big Data, telecom, secure data center, and storage
Expects accretive non-GAAP EPS impact from day one

SUNNYVALE, Calif. & YOKNEAM, Israel--- Mellanox® Technologies, Ltd. (MLNX), a leading supplier of end-to-end interconnect solutions for servers and storage systems, and EZchip (EZCH) (EZCH.TA), a leader in high-performance processing solutions for carrier and data center networks, announced today that they have entered into a definitive merger agreement under which Mellanox shall acquire 100 percent of EZchip’s outstanding ordinary shares for a cash purchase price of $25.5 per share implying a transaction value of approximately $811 million (approximately $620 million net of cash). The terms of the transaction have been unanimously approved by both the Mellanox and EZchip Boards of Directors.