Key Developments: Sigma Designs Inc (SIGM.O)
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21 May 2013
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Latest Key Developments (Source: Significant Developments)
Sigma Designs Inc Issues Q1 2014 Revenue Guidance
Sigma Designs Inc announced that for the first quarter of 2014, it expects revenue will rise sequentially from fourth quarter of 2013 and expects to be between $49-52 million. Full Article
Sigma Designs Inc Announces CFO Change-Form 8-K
Sigma Designs Inc reported in its Form 8-K that on March 4, 2013, Thomas E. Gay, III resigned as Chief Financial Officer (CFO) of Sigma Designs, Inc. (Company). Mr. Gay agreed to remain with the Company until April 4, 2013 to assist with transitional matters. On March 4, 2013, Elias N. Nader was appointed Interim Chief Financial Officer (CFO). Mr. Nader, has served as corporate controller for the Company since October 2012. Full Article
Comtrend Selects Sigma Designs Inc's G.hn Chipset
Sigma Designs Inc announced advanced networking supplier Comtrend has selected Sigma Designs' new G.hn CG5200 family of chipsets for its PowerGrid 9051s Powerline Ethernet Adapter. The CG5200 enables a complete self-install home entertainment network for the distribution of Triple Play and IPTV over existing in-home powerline, coax and phone line wires. Complying with the latest G.hn MIMO standard, the CG5200 improves coverage and throughput over powerline even through surge protected power strips and multiple phases. Full Article
Sigma Designs Inc Issues Q4 2012 Revenue Guidance Below Analysts' Estimates-Conference Call
Sigma Designs Inc announced that for fourth quarter of 2012, it expects revenue to be to be approximately $42-$45 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $63 million for fourth quarter of 2012. Full Article
Sigma Designs Inc Issues Q3 2012 Revenue Guidance Below Analysts' Estimates-Conference Call
Sigma Designs Inc announced that for third quarter of 2012, it expects total revenues to be within $60-$64 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $73 million for third quarter of 2012. Full Article
Chunghwa Telecom Selects Comtrend Power Line Communication Equipment, Powered by Next Generation Sigma Designs, Inc.'s Chipset
Sigma Designs Inc announced its next generation CG2210 HomePlug AV solution, will be used by Chunghwa Telecom, one of Taiwan's service provider, for delivering IPTV services in consumer homes. The CG2210-based product, provided by Comtrend, is a wall mount adapter that plugs into the electrical outlets inside the home and delivers HD quality video across electrical wiring. The selection of the Sigma-based solution followed a rigorous product evaluation process, in which the Comtrend PG-9141 HomePlug AV power line adapters passed acceptance tests and met Chunghwa's set of technical requirements. Full Article
Sigma Designs Inc Issues Q2 2012 Revenue Guidance Above Analysts' Estimates-Conference Call
Sigma Designs Inc announced that for second quarter of 2012, it expects total revenue to be in the range $61-$67 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $41 million for second quarter of 2012. Full Article
Sigma Designs Inc Completes Acquisition of Trident Microsystems, Inc's Digital TV Business Unit
Sigma Designs Inc announced that it has completed its asset purchase of Trident Microsystems' Digital Television (DTV) Business. The acquisition includes Trident's complete digital TV product portfolio, including its digital TV SoC (system-on-chip), frame-rate-conversion (FRC), and SmartTV software suite, as well as some legacy analog TV products. The acquisition includes these products, intellectual property licenses, software and leased facilities. Full Article
Sigma Designs, Inc. Selected To Purchase Trident Microsystems, Inc.'s Digital Television Business
Sigma Designs, Inc. announced that it has been selected as the successful bidder to acquire certain assets of Trident Microsystems, Inc.'s Digital Television (DTV) Business, which includes certain products, licensed intellectual property, software, working capital assets and leased facilities, for $21 million in cash plus assumption of specified liabilities upon the closing of the transaction. The final cash purchase price remains subject to an adjustment for the closing current asset balance of the DTV Business to the extent the closing current assets differ from a target current assets. The selection of Sigma Designs as the successful bidder follows the conclusion of the auction process for the DTV Business and is now subject to approval of the United States Bankruptcy Court for the District of Delaware (Bankruptcy Court) presiding over the bankruptcy proceedings of Trident Microsystems, Inc., and certain affiliated entities and other customary closing conditions. The Bankruptcy Court hearing to authorize the sale of the DTV Business to Sigma is expected to be held on April 4, 2012. Trident's DTV Business is a provider of global System-on-a-Chip (SoC) products for advanced connected digital televisions. Sigma expects to make employment offers to approximately 300 employees of the Trident DTV Business, most of whom are engineers located in China. The transaction is expected to close in the second calendar quarter of 2012. Full Article
Sigma Designs, Inc. Issues Q1 2013 Revenue Guidance Below Analysts' Estimates-Conference Call
Sigma Designs, Inc. announced that for first quarter of 2013, it expects revenue to be in the range of $35-$40 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $50 million for first quarter of 2013. Full Article
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