Key Developments: TriQuint Semiconductor Inc (TQNT.O)
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Latest Key Developments (Source: Significant Developments)
Triquint Semiconductor Inc Announces $75 Million Stock Repurchase Program
Triquint Semiconductor Inc announced a program authorizing the repurchase of up to $75 million of the Company's common stock. Under this program, stock repurchases may be made from time to time in the open market at prevailing market prices or through privately negotiated transactions at the discretion of Company management. The timing of open market and privately negotiated purchases will be dependent on market conditions and other corporate considerations, including price, corporate and regulatory requirements and alternative investment opportunities. Full Article
Triquint Semiconductor Inc Issues Q2 2013 Guidance Below Analysts' Estimates
Triquint Semiconductor Inc announced that for second quarter of 2013, it expects revenue will be between $185 million and $190 million and non-GAAP net loss per share is expected to be between $(0.10) and $(0.12) per share. The Company is 92% booked to the midpoint of revenue guidanceAccording to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $192 million and EPS of $(0.09) for the second quarter of 2013. Full Article
Triquint Semiconductor Inc Issues Q1 2013 Guidance Below Analysts' Estimates
Triquint Semiconductor Inc announced that for the first quarter of 2013, it expects revenue to be between $180 million and $190 million and non-GAAP net loss to be between $0.12 and $0.14 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $205 million and EPS of $0.00 for the first quarter of 2013. Full Article
Triquint Semiconductor Inc Issues Q4 2012 Guidance; EPS Guidance Below Analysts' Estimates
Triquint Semiconductor Inc announced that for fourth quarter of 2012, it expects revenues will be between $220-$225 million and non-GAAP net income per share to be between $0.01-$0.03 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $220 million and EPS of $0.06 for fourth quarter of 2012. Full Article
Triquint Semiconductor Inc Secures Contract From Defense Advanced Research Projects Agency
Triquint Semiconductor Inc announced that it has received a $2.7 million contract from the Defense Advanced Research Projects Agency (DARPA) to triple the power handling performance of gallium nitride (GaN) circuits. The Near Junction Thermal Transport (NJTT) effort will build on TriQuint’s advanced GaN on silicon carbide (SiC) technology and the reliability of RF integrated circuits. Full Article
TriQuint Semiconductor, Inc. Issues Q3 2012 Guidance In Line With Analysts' Estimates
TriQuint Semiconductor, Inc. announced that for the third quarter of 2012, it expects revenues to be between $195-$205 million and non-GAAP net income per share (EPS) to be about breakeven. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $202 million and EPS of $0.00 for the third quarter of 2012. Full Article
Avago Technologies Ltd And TriQuint Semiconductor, Inc. Agree To Confidential Settlement of All Outstanding Claims
Avago Technologies Ltd And TriQuint Semiconductor, Inc. announced that they have agreed to settle all claims between the companies. The two parties have entered into patent cross licenses and have agreed to dismiss all related litigation. The specific terms of the settlement and the resulting licensing agreement are confidential. Full Article
TriQuint Semiconductor, Inc. Wins New $12.3 Million GaN DARPA Contract To Develop Ultra-Fast Power Switch Technology
TriQuint Semiconductor, Inc. announced that it has been selected by the Defense Advanced Research Projects Agency (DARPA) to lead a $12.3 million development program focused on ultra-fast gallium nitride (GaN) switch technology for the Microscale Power Conversion (MPC) program. TriQuint’s new GaN modulator has the potential to enable highly-efficient RF transmitters substantially smaller than current solutions. TriQuint was selected by DARPA as the prime contractor for MPC Technical Area I, which seeks to develop a high-speed, DC-to-DC switch (modulator) and related process technology based on TriQuint's enhancement-mode GaN transistors. Full Article
TriQuint Semiconductor, Inc. Issues Q2 2012 Guidance Below Analysts' Estimates; Comments On H2 2012 Revenue Guidance; Sees FY 2012 Charge Guidance
TriQuint Semiconductor, Inc. announced that for the second quarter 2012, it expects revenues will be between $170 million and $185 million and non-GAAP net loss per share to be between $0.10 and $0.15 due to weak revenue and higher litigation costs. The Company expects to return to normal revenue levels in the second half of 2012. The Company is 91% booked to the midpoint of revenue guidance. As part of a planned transition in filter packaging technology and due to a change in product mix, the Company plans to restructure its filter related operations during the second quarter. The Company expects to record a GAAP restructuring charge of between $12 and $14 million, consisting of a non-cash charge for excess equipment of between $10 and $12 million and a cash charge for the remainder that is primarily related to severance costs. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $223 million and EPS of $0.05 for second quarter of 2012. Full Article
TriQuint Semiconductor, Inc. Signs U.S. Army Agreement To Support GaN Device Development
TriQuint Semiconductor, Inc. announced that it has signed a Cooperative Research and Development Agreement (CRADA) with the U.S. Army Research Laboratory (ARL) to explore and fabricate new high-frequency and mixed signal integrated circuits (ICs) based on TriQuint gallium nitride (GaN) technology. The CRADA is designed to accelerate new programs supporting communications, radar, electronic warfare and similar applications. The CRADA will give Army researchers dedicated access to TriQuint’s development, fabrication and packaging expertise. Researchers from both TriQuint and the ARL will benefit from the new co-development environment. Circuits created as part of the initiative are expected to be based on TriQuint’s new E/D (enhancement-depletion mode) GaN technology. Full Article
BRIEF-TriQuint drops 11 percent in premarket trading
NEW YORK, Feb 7 - TriQuint Semiconductor Inc : * Shares drop 11 percent in premarket trading
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