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Microtune Inc ( TUNE ) Print E-mail
High Tech
Written by Editor   
Wednesday, 08 September 2010 09:42
Zoran Corporation to Acquire Microtune, Inc.

Microtune's Industry-Leading Silicon Tuner Technologies for the Set-Top-Box and DTV Markets Expand Zoran's Product Portfolio to Provide Complete End-to-End Solutions

Zoran Corporation (NASDAQ:ZRAN ) today announced that it has entered into a definitive agreement to acquire Microtune®, Inc. (NASDAQ:TUNE ). Under the agreement, Zoran will pay $2.92 in cash for each share of Microtune's common stock, resulting in a transaction price of approximately $166 million, or $84 million net of cash acquired. Both boards of directors have approved the transaction, which is expected to close after Microtune shareholder approval, regulatory clearance and satisfaction of customary conditions specified in the agreement. Zoran expects the acquisition to be accretive immediately following the close of the deal, which is expected to be in the fourth quarter of 2010.

 
Take-Two Interactive Software Inc ( TTWO ) Print E-mail
High Tech
Written by Editor   
Friday, 03 September 2010 09:11
Take-Two Interactive Software, Inc. Reports Third Quarter Fiscal 2010 Financial Results

Q3 Non-GAAP EPS of $0.28 Exceeds Guidance
Guidance Raised for Fiscal 2010; Company Expects to Report Non-GAAP EPS of $0.60 to $0.70 per Diluted Share for this Fiscal Year

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced financial results for its third quarter ended July 31, 201Net revenue for the third fiscal quarter was $354.1 million, a sharp increase compared to $94.9 million reported for the same quarter of fiscal 2009.

Take-Two attributed its significantly better-than-expected results for the fiscal 2010 third quarter primarily to the strong performance of Red Dead Redemption, which has sold in more than 6.9 million units worldwide since its launch in May 2010.

 
Take-Two Interactive Software Inc ( TTWO ) Print E-mail
High Tech
Written by Editor   
Friday, 03 September 2010 09:11
Take-Two Interactive Software, Inc. Reports Third Quarter Fiscal 2010 Financial Results

Q3 Non-GAAP EPS of $0.28 Exceeds Guidance
Guidance Raised for Fiscal 2010; Company Expects to Report Non-GAAP EPS of $0.60 to $0.70 per Diluted Share for this Fiscal Year

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced financial results for its third quarter ended July 31, 201Net revenue for the third fiscal quarter was $354.1 million, a sharp increase compared to $94.9 million reported for the same quarter of fiscal 2009.

Take-Two attributed its significantly better-than-expected results for the fiscal 2010 third quarter primarily to the strong performance of Red Dead Redemption, which has sold in more than 6.9 million units worldwide since its launch in May 2010.

 
Finisar Corporation ( FNSR ) Print E-mail
High Tech
Written by Editor   
Friday, 03 September 2010 09:03
Finisar Corporation Announces Another Record Quarter

Fifth Consecutive Quarter of Double-Digit Growth Drives Record Revenues of $207.9 Million

Revenues Up 10.3% From Prior Quarter and 61.5% From Prior Year
Net Income From Continuing Operations Sets a New Record

Finisar Corporation (NASDAQ:FNSR), a global technology leader for subsystems and components for fiber optics communications, today announced financial results for its first quarter ended August 1, 2010. Total revenues and income from continuing operations for the quarter were new records for the Company.

COMMENTARY
"In our just completed first quarter, we reached our previous target financial model earlier than we had predicted," said Jerry Rawls, Finisar's executive Chairman of the Board.

 
Sycamore Networks Inc ( SCMR ) Print E-mail
High Tech
Written by Editor   
Thursday, 02 September 2010 10:43
Sycamore Networks, Inc. Reports Fourth Quarter and Fiscal Year 2010 Financial Results

Sycamore Networks, Inc. (NASDAQ: SCMR), today reported its results for the fourth quarter and fiscal year ended July 31, 2010. Revenue for the fourth quarter of fiscal 2010 was $22.2 million, compared with $17.2 million for the fourth quarter of fiscal 2009. Revenue for fiscal 2010 was $68.6 million compared to $67.4 million in fiscal 2009.

Net income for the fourth quarter of fiscal 2010, on a generally accepted accounting principles (“GAAP”) basis, was $0.5 million, or $0.02 per diluted share, compared with a GAAP net loss of $34.9 million, or $1.23 per share for the fourth quarter of fiscal 2009. Net loss for fiscal 2010, on a GAAP basis, was $14.8 million, or $0.52 per share, compared with a GAAP net loss of $53.6 million, or $1.89 per share for fiscal 2009.

 
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