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UPDATE: Skyworks to Acquire Advanced Analogic Technologies for $6.13 per Share
Thursday, May 26, 2011 - 4:43pm | 202Skyworks (NASDAQ: SWKS) has entered into a definitive agreement to acquire Advanced Analogic Technologies (NASDAQ: AATI) for a nominal price of $6.13 per share, representing a 52 percent premium to Advanced Analogic Technologies' 30-day trailing average. The $6.13 nominal share price consists of $3...
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Skyworks to Acquire Power Management Innovator Advanced Analogic Technologies
Thursday, May 26, 2011 - 4:40pm | 92Skyworks Solutions (NASDAQ: SWKS) today signed a definitive agreement to purchase Advanced Analogic Technologies Incorporated (NASDAQ: AATI), an analog semiconductor company focused on enabling energy-efficient devices for consumer electronics, computing and communications markets. This acquisition...
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OmniVision Technologies Tanks on Q4 Results
Thursday, May 26, 2011 - 4:35pm | 231Shares of OmniVision Technologies (NASDAQ: OVTI) are falling in the after-hours trade following the release of its Q4 earnings release. Currently, shares are off by 8.07%, at $33.48; they closed the regular session higher by 0.61%, at $36.42. OmniVision Technologies reported Q4 EPS of $0.66 on...
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Marvell Pulling Back After Earnings
Thursday, May 26, 2011 - 4:25pm | 148Marvell Technology (NASDAQ: MRVL) released its first quarter earnings results on Thursday after the closing bell. The company reported GAAP net income of $147 million or $0.22 per share, compared to $206 million or $0.30 per share, in the year ago period. On a non-GAAP basis, net income was $189...
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LDK Solar Signs New Module Supply Contract
Thursday, May 26, 2011 - 4:16pm | 53LDK Solar Co (NYSE: LDK) today announced that the Company has signed a module supply contract with a leading Italy-based solar systems integrator. Under the terms of the agreement, LDK Solar will provide 45 megawatts of solar modules with monthly shipping expected to commence in June 2011.
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Marvell Technology Group Falls on Q1 Results
Thursday, May 26, 2011 - 4:11pm | 171Shares of Marvell Technology Group (NASDAQ: MRVL) are falling in the after-hours trade following the release of its Q1 earnings release. Currently, shares are off by 2.88%, at $14.14; they closed the regular session higher by 2.68%, at $14.56. Marvell Technology Group reported Q1 EPS of $0.29 on...
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YouTube + NVIDIA = 3D Love
Thursday, May 26, 2011 - 2:06pm | 239If 3D televisions, game consoles and handhelds aren't enough to satisfy your three-dimensional needs, YouTube has something for you: more 3D content. The Google (NASDAQ: GOOG) video enterprise has teamed with Mozilla Firefox and NVIDIA (NASDAQ: NVDA) to bring HTML5-based stereoscopic 3D video to...
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Micron Could Pop
Thursday, May 26, 2011 - 1:20pm | 72Shares of beaten down semiconductor name Micron Technology (NYSE: MU) have just gone positive on the trading session. This stock has been clobbered in the last month, falling more than 17%. If there is going to be a bounce in MU, it could start this afternoon, and could be substantial. Short-term...
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24 High Quality Momentum Stocks for a Market Correction
Thursday, May 26, 2011 - 12:24pm | 3865The US equity markets are in the midst of a correction, consolidation, pullback or whatever other euphemism can be used to describe the recent modest decline in equity prices. During periods of decline it can be helpful to find long ideas among stocks which a) have low levels of debt, in case the...
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Joel Greenblatt: One Bubble After Another
Thursday, May 26, 2011 - 8:40am | 436Joel Greenblatt, of Gotham Asset Management, spoke at the Ira Sohn Conference yesterday, and said that we have been in one continuing bubble since 2000, just different kinds of bubbles. Since 2000, we have experienced the Internet bubble, which led to the NASDAQ crashing some 50%, of which it...
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Benchmark Maintains Hold on Sigma Designs
Thursday, May 26, 2011 - 8:05am | 118Benchmark is out with its report today on Sigma Designs (NASDAQ: SIGM), maintaining Hold. In a note to clients, Benchmark writes, "Following F1Q12 result, we are sticking with our Hold rating. In essence, Sigma will need to prove it can gain back IPTV media processor market share, now that the...
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Citi Provides Color on Marvell Technology Group, Buy
Thursday, May 26, 2011 - 7:56am | 184Citi provided color on Marvell Technology Group (NASDAQ: MRVL) ahead of the company's Q1 earnings report. In a research report published today, Citi lowered its Q1 earnings estimates, citing similar scenarios among Marvell's competitors and the continuing problems in the HDD market. In the report...
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Morgan Keegan Reports on Semtech
Thursday, May 26, 2011 - 7:50am | 136Morgan Keegan commented on Semtech (NASDAQ: SMTC) in a report released today. In the report, Morgan Keegan was positive in its assessment of the company. Morgan Keegan writes, "SMTC reported EPS of $0.45/ $122.4 million beating Street expectations of $0.43/$119.1 million. Growth was driven by the...
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Oppenheimer Raises Semtech Target from $30 to $35
Thursday, May 26, 2011 - 7:22am | 21Oppenheimer is raising its PT on shares of Semtech (NASDAQ: SMTC) from $30 to $35.
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Bank of America Reiterates Buy Rating on Broadcom
Thursday, May 26, 2011 - 7:12am | 133According to a recent report, Bank of America has reiterated a Buy rating on Broadcom (NASDAQ: BRCM) and a $48.00 price target after a phone call with Bob Rango, the head of Broadcom's Mobile Group. Points of interest from the call touched on Broadcom's confidence maintaining WiFi share, the 3G...