Key Developments: Intersil Corp (ISIL.OQ)

ISIL.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Intersil Corp Issues Q2 2013 Guidance Below Analysts' Estimates; Declares Quarterly Dividend
Wednesday, 24 Apr 2013 04:05pm EDT 

Intersil Corp announced that for the second quarter of 2013, it expects GAAP revenue to be in the range of $135 - $142 million and Non GAAP revenue to be between $135 million - $142 million. GAAP earnings per share (EPS) is expected to be between $(0.03) to $(0.02) and Non GAAP EPS to be between $0.07 to $0.10 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $146 million and EPS of $0.02 for the second quarter of 2013. The Company also announced that the Board of Directors has authorized the payment of a quarterly dividend of $0.12 per share of common stock. The payment of this dividend will be made on May 24, 2013 to shareholders of record as of the close of business on May 14, 2013.  Full Article

Intersil Corp Appoints Necip Sayiner President And CEO And Mercedes Johnson As Interim CFO
Monday, 11 Mar 2013 04:05pm EDT 

Intersil Corp announced the appointment of Necip Sayiner, as President and Chief Executive Officer of Intersil and a member of the Company's board of directors effective March 14, 2013. Mr. Sayiner replaces James Diller, who served as interim CEO since December 2012 and will remain a member of Intersil's board of directors. Intersil also announced that Jonathan Kennedy, Intersil's Senior Vice President and Chief Financial Officer, will be leaving the Company to pursue another opportunity outside of the semiconductor industry. Mr. Kennedy will remain CFO through March 31, 2013 and will remain with the Company in an advisory capacity through April 5, 2013. Effective April 1, 2013, Ms. Mercedes Johnson will join the management team as interim CFO.  Full Article

Intersil Corp Issues Q1 2013 Guidance; Revenue Guidance Below Analysts' Estimates
Wednesday, 30 Jan 2013 04:15pm EST 

Intersil Corp announced that for the first quarter of 2013, it expects revenue to be between $131 - $138 million, GAAP earnings per diluted share to be between $(0.02) to $0.01 and Non-GAAP earnings per diluted share (EPS) to be between $0.02 to $0.05. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $139 million and EPS of $(0.02) for the first quarter of 2013.  Full Article

Intersil Corp Declares Quarterly Dividend
Wednesday, 30 Jan 2013 04:05pm EST 

Intersil Corp announced that Board of Directors has authorized the payment of a quarterly dividend of $0.12 per share of common stock. The payment of this dividend will be made on February 22, 2013 to shareholders of record as of the close of business on February 12, 2013.  Full Article

Intersil Corp Announces Resignation Of Dave Bell As President & CEO
Monday, 10 Dec 2012 09:00am EST 

Intersil Corp announced that Board of Directors has appointed Board member James Diller as interim President and Chief Executive Officer (CEO) following the resignation of Dave Bell as President and Chief Executive Officer and a Director of the Company, effective immediately.  Full Article

Intersil Corp Issues Q4 2012 Guidance Below Analysts' Estimates; Declares Quarterly Dividend
Wednesday, 24 Oct 2012 04:05pm EDT 

Intersil Corp announced that for fourth quarter of 2012, it expects revenue to be approximately $138 million, +/- $3 million, GAAP loss per share to be approximately $(0.09) at revenue midpoint and Non-GAAP earnings per diluted share are expected to be approximately $0.06 at revenue midpoint. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $152 million and EPS of $0.01 for fourth quarter of 2012. The Company also announced that the Board of Directors has authorized the payment of a quarterly dividend of $0.12 per share of common stock. The payment of this dividend will be made on November 23, 2012 to shareholders of record as of the close of business on November 13, 2012.  Full Article

Intersil Corp Lowers Q3 2012 Revenue Guidance-DJ
Tuesday, 9 Oct 2012 08:28am EDT 

Dow Jones reported that Intersil Corp lowered third quarter 2012 revenue outlook as the Company cited weakness in the global personal computing markets. For third quarter of 2012, the Company now expects revenue of about $151 million, compared with its July guidance for $156 million to $163 million. The new guidance represents a drop of 19% from a year earlier and 7% from the second quarter. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $160 million for third quarter of 2012.  Full Article

Circuit maker pays $10 million to settle U.S. export control charges

WASHINGTON - California-based Intersil Corp has agreed to pay a civil penalty of $10 million to settle 339 alleged violations of U.S. export control laws that potentially harmed U.S. national security, the State Department said on Wednesday.

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