Key Developments: GigOptix Inc (GIG.A)
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1 Aug 2013
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Latest Key Developments (Source: Significant Developments)
Gigoptix Inc Comments On Q2 2013 Revenue Guidance
Gigoptix Inc announced that for second quarter of 2013, it expects revenue will be about flat with the $6.9 million recorded in the first quarter of 2013. Full Article
Gigoptix Inc Issues FY 2012 Revenue Guidance In Line With Analysts' Estimates
Gigoptix Inc announced that it expects revenues for fiscal 2012 are expected to be approximately $37 million. The annual increase resulted solely from organic growth as the Company did not enter into any mergers or acquisitions in 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $38.8 million for fiscal 2012. Full Article
Gigoptix Inc Issues Q4 2012 Revenue Guidance Below Analysts' Estimates-Conference Call
Gigoptix Inc announced that based on current outlook, it expects fourth quarter 2012 revenue will be roughly in line with what it has achieved in third quarter of 2012. The Company reported revenue of $10.05 million in the third quarter of 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $12.81 million for the fourth quarter of 2012. Full Article
M/A-COM Technology Solutions Holdings Inc and Optomai Announce Favorable Court Ruling in GigOptix, Inc. Case
M/A-COM Technology Solutions Holdings Inc announced that the Santa Clara County Superior Court has denied a Renewed Motion for Preliminary Injunction sought by GigOptix, Inc. against M/A-COM Tech, its subsidiary Optomai, Inc. and individual defendants formerly employed by GigOptix and currently working for M/A-COM Tech. This decision marks the second time that the Court has denied such a motion by GigOptix, this time following extensive forensic and documentary discovery by the parties and presentation of related arguments and expert testimony to the Court in a hearing on GigOptix's motion held on September 13, 2012. GigOptix originally filed suit in April 2011, concurrently with M/A-COM Tech's announcement of its acquisition of Optomai. In July 2011, GigOptix sought a temporary restraining order and thereafter an injunction, both of which were denied by the Court. Full Article
Gigoptix Inc Signs Distributor Agreement With Altima Corporation For Japanese Market
Gigoptix Inc announced that it has signed Altima Corporation, a subsidiary of Macnica Group, to be their Japanese distributor of optical and RF/MMIC products. Under the terms of the agreement, Altima will distribute GigOptix’s optical and RF/MMIC products throughout Japan. These products are particularly well suited for the Telecom, Datacom and consumer markets and align very well with Altima’s current line card offerings. Full Article
GigOptix, Inc. Reaffirms FY 2012 Revenue Guidance-Conference Call
GigOptix, Inc. reaffirmed fiscal 2012 guidance and expects revenue growth of approximately 30% year over year. The Company reported revenue of $32.27 million in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $42.9 million for fiscal 2012. Full Article
GigOptix, Inc. Reaffirms FY 2012 Revenue Outlook
GigOptix, Inc. announced that for fiscal 2012, it is maintaining its outlook for revenue growth of approximately 30% year over year, driven by the demand for its 40G and 100G optical products and its datacom parallel devices. The Company reported revenue of $32.27 million in fiscal 2011. Full Article

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