Key Developments For Actions Semiconductor Co., Ltd.
Actions Semiconductor Co., Ltd. (ACTS.O) (Nasdaq)
Actions Semiconductor Company., Ltd. Promotes Niccolo Chen To Chief Executive Officer
Actions Semiconductor Company., Ltd. announced that Niccolo Chen, Chief Strategy Officer and General Manager, has been promoted to the position of Chief Executive Officer as Nan-Horng Yeh steps down from this position to pursue personal interests. Mr. Yeh will remain a Board member.
Actions Semiconductor Company., Ltd. Issues Q4 2009 Revenue Guidance
Actions Semiconductor Company., Ltd. announced that for fourth quarter 2009 it expects revenue in the range of $8.5 to $10.5 million.
Actions Semiconductor Company., Ltd. Issues Q3 2009 Revenue Guidance Above Analysts' Estimates
Actions Semiconductor Company., Ltd. announced that for the third quarter of 2009, it estimates revenue in the range of $11-$13 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $10 million for the third quarter of 2009.
Actions Semiconductor Company., Ltd. Lowers Q4 2008 Guidance
Actions Semiconductor Company., Ltd. updated fourth quarter 2008 guidance and expects revenue to be approximately $15-$16 million. The Company's previous guidance for fourth quarter revenue was in the range of $18-$22 million. Diluted earnings per ADS (EPS) are now expected to be approximately breakeven. According to Reuters Estimates, analysts are expecting the Company to report revenue of $20.15 million and EPS of $0.04 for the same period. The Company cited lower sales in the current macroeconomic environment and less-favorable exchange rates against US dollars as the primary reason for this negative guidance.
Actions Semiconductor Company., Ltd. Announces Strategic Partnership with Ritu
Actions Semiconductor Company., Ltd. announced that it has entered a strategic software agreement with China's GPS map provider, Ritu Information Systems, Inc. (Ritu). Actions will incorporate Ritu's Linux-based mapping software and navigation system onto its Series 13 controller integrated circuits (ICs). This software agreement will allow Actions solutions to support GPS applications for a variety of end market products.
