Posts Tagged ‘semiconductors’

NetLogic Microsystems Inc. (NETL) welcomes Broadcom offer, shares spike

Monday, September 12th, 2011

NetLogic Microsystems Inc. (Nasdaq: NETL) shares surged 51.5% to $48.33 Monday after Broadcom Corp. (Nasdaq: BRCM) said it would acquire the semiconductor company for about $3.7 billion. Share volume for NetLogic topped 43.4 million, whereas it would normally buy and sell 1.5 million shares on an average day.

A news release dated Sept. 12 noted that under the agreement, NetLogic Microsystems shareholders will receive $50 per share in a transaction of approximately $3.7 billion, net of cash assumed. The two companies are based respectively out of Santa Clara and Irvine, California.

The acquisition meaningfully extends Broadcom’s infrastructure portfolio with a number of critical new product lines and technologies, including knowledge-based processors, multi-core embedded processors, and digital front-end processors, each of which offers industry-leading performance and capabilities. The combination enables Broadcom to deliver best-in-class, seamlessly-integrated network infrastructure platforms to its customers, reducing both their time-to-market and their development costs.

The release quotes NetLogic CEO Ron Jankov as saying, “This is a strong win for customers, for shareholders and for NetLogic Microsystems employees.

“Our industry-leading product portfolio will benefit from access to Broadcom’s broad set of leading-edge technologies, tools, resources and eco-system, which will enable the combined company to offer a complete and integrated platform for our customers’ next generation designs. Our employees will benefit from the strong cultural alignment with Broadcom, and from joining forces with an equally aggressive and energetic organization with the same relentless focus on engineering excellence and innovation.”

NetLogic Microsystems is a worldwide leader in high-performance intelligent semiconductor solutions that are powering next-generation Internet networks.

Nova Measuring Instruments Ltd. (NVMI) – Buzz Stock of the Day

Tuesday, August 3rd, 2010

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Shares of metrology solutions provider, Nova Measuring Instruments Ltd. (Nasdaq: NVMI) surged as much as 27 percent from Monday’s closing price, in morning trading on Tuesday after the company announced record revenue in the second quarter, which topped analysts’ estimates.

Total revenues for the second quarter of 2010 were $19.4 million, an increase of 179% relative to the second quarter of 2009, and an increase of 22% relative to the first quarter of 2010.Gross margin for the second quarter of 2010 was 54%, compared with 41% in the second quarter of 2009, and 51% in the first quarter of 2010. Net income for the quarter was $4.7 million, or 18 cents per share.
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Analysts were looking for 12 cents a share profit on $16.9 million in revenue.

“Q2 was an excellent quarter, with record levels of revenues, profitability and operating cash flow” commentedGabi Seligsohn, President and CEO of Nova Measuring Instruments Ltd. in a statement. “These results demonstrate the success of our strategy which has focused on expanding our product offering, increasing our fab foot print and displacing traditional metrology techniques with our differentiated products.”

The company’s revised revenue guidance for 2010 is $78 million to$85 million. Based on this revenue guidance, the company is also guiding to net profitability of between 21 percent and 24 percent for the full-year.

Analysts on average were expecting $64 million, according to Thomson Reuters I/B/E/S.

FSI International, Inc. (FSII) – Buzz Stock of the Day

Monday, August 2nd, 2010

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Shares of semiconductor equipment maker, FSI International, Inc. (Nasdaq: FSII) were up as much as 14 percent from Friday’s closing price, in morning trading on Monday. Last month, FSI International released strong third quarter results, driven by an 86 percent in revenue, over the previous year, topping the Street’s estimates of $28.1 million, and about in the middle of FSI International’s guidance range of $27 million to $29 million.

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Revenue for the quarter jumped to $28.7 million from $15.4 million in the prior-year quarter.Profit for the quarter was $5.9 million, or 18 cents a share,  compared to a loss of $2.8 million, or 9 cents a share, in a year earlier.

Sales for the first nine months of fiscal 2010 increased 71 percent to $62.2 million, compared to $36.3 million for the same period of fiscal 2009. The company’s net income for the first nine months of fiscal 2010 was $6.4 million, or $0.20 per share, as compared to a net loss of $17.6 million, or $0.57 per share for the first nine months of fiscal 2009.

FSI International said it expects orders in the fourth quarter to range between $27 million to $30 million and net income between $5 million and $6 million.