Micron To Acquire Numonyx

Boise, Idaho-headquartered Micron Technology Inc has announced its plans to acquire Switzerland-based Numonyx B.V.

Numonyx is reckoned a leader in the semiconductor industry. The company manufactures and supplies a full complement of integrated NOR, NAND< RAM and phase change non-volatile memory technologies and products that go into cellular, data and embedded markets. Some of its trademarks and brands include Numonyx Axcell Flash Memory, Numonyx Forte Serial Flash Memory, Krypto Security Technologies, and StrataFlash Technology. The company’s manufacturing and R&D facilities are located around the globe, such as in Italy, Malaysia, South Korea, Singapore, China, Philippines, US and Israel. Mr. Brian Harrison is the President and CEO of Numonyx.

The acquisition is the outcome of an agreement between Micron and Numonyx, per which Micron will issue 140 million Micron common shares to Numonyx shareholders, Intel Corporation, STMicroelectronics, N.V. and Francisco Partners. The entire transaction will cost Micron about USD 1.27 billion.

With this acquisition, Micron hopes to position itself as a world-leading memory company, integrating the expertise of Numonyx in its portfolio. Micron will also be able to leverage the tremendous manufacturing capabilities of Numonyx to make inroads into the newly-emerging embedded and mobile markets.

Read more about the latest business acquisition that will shake up the memory technology industry, here.

Western Digital Posts Financial Results For Q2 2010

Lake Forest, California-headquartered Western Digital Corporation has announced the financial results for Q2 2010 that ended January 1, 2010.

The company has reported revenue of USD 2.6 billion, yielding to a net income of USD 429 million. This translates to USD 1.85 per share. The revenue compares well with the revenue of USD 1.8 billion and net income of USD 14 million reported in Q2 2009.

The company had undergone restructuring at a cost of USD 113 million in the previous fiscal, which partly explains the low net income of the corresponding quarter.

In Q2 2010, Western Digital shipped 49.5 million units of hard drives, compared to 35.5 million units shipped in the same quarter last year.

The quarter has also been bountiful as is proven by the record USD 557 million cash generated from operations. The company now sits on a cash and cash-equivalent pile of USD 2.4 billion.

Founded in 1970, Western Digital has been at the forefront of designing and manufacturing solid state drives and hard drives for client and enterprise computing, embedded systems and consumer electronics environments.

Read more about the latest financial performance announced by Western Digital, here.

AMD Announces Financial Results For Q4 2009

Sunnyvale, California-headquartered Advanced Micro Devices Inc has announced the financial results for Q4 2009, for the period ending December 26, 2009.

The company has posted revenue of USD 1.646 billion, which is more than 118% over Q3 2009 and more than 142% over Q4 2008. Net income has been reported to be USD 1.178 billion, which amounts to USD 1.52 per share. This compares very favorably with the net loss of USD 128 million suffered by the company in Q3 2009, and a net loss of USD 1.436 billion in Q4 2008. The company has stated that the net income includes a net favorable impact of USD 1.224 billion, caused by the legal settlement entered into with rival Intel.

For the entire financial year of 2009, the company has posted revenue of USD 5.403 billion. Net income reported has been USD 304 million. This compares favorably with the net loss incurred by the company of USD 3.129 billion in the financial year 2008, against revenue of USD 5.808 billion.

The highlight of the quarter gone by has of course been the payment received by AMD to Intel as a result of the former agreeing to drop all charges against the rival in the courts of law around the world.

Read more about the latest financial performance from AMD, here.

Broadcom To Acquire Teknovus

Petaluma, California-headquartered Teknovus Inc has entered into a take-over agreement with Broadcom Corporation. The acquisition is expected to fructify in the first or second quarter of 2010, subject to regulatory requirements and other customary closing conditions. The deal is likely to cost Broadcom USD 123 million in cash, which will be spent in acquiring all of the outstanding shares of capital stock and other rights of Teknovus.

Teknovus is a leading developer and supplier of access chips and embedded software for the FTTx (Fiber-to-the-home) market. Teknovus specifically deals with Ethernet Passive Optical Network (EPON) chipsets and software. The advantage of EPON technology is its capability to deliver speeds of up to 10 GBPS over fiber optic cables. In the entire FTTx market of the Asia-Pacific region, EPON technology dominates by as much as 94%. Market research surveys indicate that the PON market is expected to boom by as much as 33% CAGR in the next five years.

For Broadcom, the addition of strong EPON expertise and products to its present portfolio of switching, DSL, GPON and cable solutions, increases its already formidable presence as key player in the telecom industry.

Read more about the latest inorganic growth strategy being implemented by Broadcom, here.

Broadcom Posts Q4 2009 Financial Results

Irvine, California-headquartered Broadcom Corporation has announced its financial results for the fourth quarter of 2009, ending December 31, 2009.

The company has posted net revenue for Q4 2009 of USD 1.343 billion, which is an increase of 7.1% over Q3 2009 and an increase by 19.2% compared to Q4 2008. The net income in GAAP terms has come to USD 59.2 million for Q4 2009, which is less than the USD 84.6 million posted in Q3 2009 but definitely much higher than the GAAP net loss of USD 159.2 million posted in Q4 2008. In terms of diluted EPS, the company has posted USD 0.11 per share for Q4 2009.

Net revenue for the entire year of 2009 has been USD 4.490 billion, which represents a decrease by 3.6% over the entire year of 2008. GAAP net income for the entire year was USD 65.3 million, which is much less than the USD 214.8 million that the company garnered for the year 2008.

The overarching activity that strained the company’s resources in Q4 2009 was its decision to settle all securities class action litigation pending against the company to the tune of USD 160.5 million.

Read more about the business performance of an IT biggie for the latest quarter, here.

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