Key Developments: Power Integrations Inc (POWI.F)
30.59EUR
19 Jun 2013
€0.70 (+2.33%)
€30.92
€30.59
€30.59
€30.59
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11
€34.90
€20.81
Latest Key Developments (Source: Significant Developments)
Power Integrations Inc Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Power Integrations Inc announced that for the second quarter of 2013, it expects revenues to be between $79 million and $85 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $83 million for the second quarter of 2013. Full Article
Power Integrations Inc Declares Dividend
Power Integrations Inc announced that the board of directors has declared dividends of $0.08 per share for each of the four quarters of 2013, the first of which is to be paid on March 29, 2013 to stockholders of record as of February 28. Full Article
Power Integrations Inc Issues Q1 2013 Revenue Guidance Above Analysts' Estimates
Power Integrations Inc announced that for the first quarter of 2013, it expects revenues to be between $76 million and $82 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $75 million for the first quarter of 2013. Full Article
Power Integrations Inc Wins Patent Case Filed by Fairchild Semiconductor in China
Power Integrations Inc announced that a Chinese court has ruled in the company`s favor in infringement proceedings filed against it by Fairchild Semiconductor and its System General subsidiary. After more than two years of litigation, the Suzhou Intermediate Court has found that Power Integrations does not infringe any of the patents asserted by Fairchild in the case. The decision follows three previous findings of infringement against Fairchild and its System General (SG) subsidiary in cases brought by Power Integrations. In 2006, Fairchild was found in a U.S. federal district court to infringe four Power Integrations patents, and a permanent injunction was issued against more than 100 infringing Fairchild products. The infringement was later found to be willful, resulting in enhancement of the damage award, which currently stands at $12 million; the results of that case are currently under appeal. Also in 2006, the International Trade Commission found that SG infringed two Power Integrations patents. Earlier this year, Fairchild was again found to violate two of the same patents found to be infringed in the 2006 district-court decision; Power Integrations is seeking additional damages as well as an injunction against the 75 Fairchild products implicated in that decision. Full Article
Power Integrations Inc Declares Dividend
Power Integrations Inc announced that a dividend of $0.05 per share will be paid on December 31, 2012, to stockholders of record as of November 30. Full Article
Power Integrations Inc Issues Q4 2012 Guidance
Power Integrations Inc announced that for the fourth quarter of 2012 it expects revenue to be between $71 million and $77 million. Full Article
Power Integrations, Inc. Declares Dividend
Power Integrations, Inc. announced that a dividend of $0.05 per share will be paid on September 28, 2012 to stockholders of record as of August 31, 2012. Full Article
Power Integrations, Inc. Issues Q3 2012 Revenue Guidance
Power Integrations, Inc. announced that for the third quarter of 2012, it expects revenues to be between $76-$82 million. Full Article
Power Integrations, Inc. Issues Q2 2012 Revenue Guidance Above Analysts' Estimates
Power Integrations, Inc. announced that for second quarter of 2012, it expects revenue to be between $78 million and $84 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $74 million for second quarter of 2012. Full Article
Power Integrations, Inc. Agrees To Acquire CT-Concept Technologie AG; Cancels Share-Repurchase Authorization
Power Integrations, Inc. announced that it has signed an agreement to acquire privately held CT-Concept Technologie AG (known as CONCEPT) for approximately 105 million Swiss francs in cash, or about USD115 million, net of cash assumed. Founded in 1986 and based in Biel, Switzerland, CONCEPT is a developer of integrated, energy-efficient drivers for high-voltage IGBT modules. The Company’s products are used in a range of high-voltage power-conversion applications including industrial motor drives, renewable energy generation, electric trains and trams, high-voltage DC transmission, electric cars and medical equipment. CONCEPT employs approximately 65 people and holds 14 patents with additional patents pending. In conjunction with its approval of this transaction, Power Integrations’ Board of Directors has cancelled the Company’s previously announced $30 million share-repurchase authorization. Full Article
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