Key Developments For Atheros Communications, Inc.
Atheros Communications, Inc. (ATHR.O) (Nasdaq)
Atheros Communications, Inc. Launches ROCm Single Chip 11n AR6003 Family
Atheros Communications, Inc. announced the launch of mobile WLAN technology, the ROCm single-chip 11n AR6003 family. The AR6003 builds on the success of AR6002, combining the superior mobile WLAN throughput, range and energy efficiency of the ROCm technology with Atheros' Align 1-stream 11n. The result is a Wi-Fi solution capable of up to 85Mbps of actual throughput, ideally suited to support demanding multimedia applications on smartphones, mobile gaming devices and other portable consumer electronics products.
Atheros Communications, Inc. Announces HSR Clearance For Its Planned Acquisition of Intellon Corporation
Atheros Communications, Inc. announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) for Atheros' planned acquisition of Intellon Corporation expired on October 26, 2009. Accordingly, the condition that any waiting period or clearance, consent or approval under the HSR Act shall have expired, been terminated or be obtained has been satisfied. Atheros continues to expect that this transaction will close during the fourth fiscal quarter of 2009.
Atheros Communications, Inc. Issues Q4, FY 2009 Guidance Above Analysts' Estimates-Conference Call
Atheros Communications, Inc. announced that for the fourth quarter of 2009, it expects revenue to be in the range of $170 to $175 million and earnings per share (EPS) to be in the range of $0.51 to $0.54. Guidance for the fourth quarter excludes the consolidation of Intellon results upon the expected closing of the transaction later this year. For fiscal 2009, the Company now anticipate fiscal 2009 revenue growth of over 10% and EPS growth of over 15%. The Company reported EPS of $1.14 and revenue of $472.4 million in fiscal 2008. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.39 on revenue of $152 million for the fourth quarter of 2009; EPS of $1.03 on revenue of $500 million for fiscal 2009.
Atheros Communications, Inc.'s ROCm Technology Rocks Wireless In Microsoft's New Zune HD Portable Media Player
Atheros Communications, Inc. announced that Microsoft's new Zune HD media player leverages the performance and power efficiency of the Mobile WLAN chip, Atheros' Radio-on-Chip for Mobile (ROCm), to deliver a great wireless experience. Consumers can seamlessly stream music directly from Zune Marketplace using their Zune Pass(1) via Wi-Fi, surf the web and enjoy rapid synching between a PC and a Zune HD.
Atheros Communications, Inc. Raises FY 2009 Revenue Guidance
Atheros Communications, Inc. announced that for third quarter of 2009, it expects revenue to range between $145 and $150 million. The company's previous guidance for the third quarter ending September 30, 2009 was for revenue to be up 155 to 20% from second quarter revenue, resulting in a revenue range of $129.0 to $134.6 million. Non-GAAP diluted earnings per share (EPS) for the third quarter of 2009, are estimated to be in the range of $0.35 to $0.39, compare to prior expectations of $0.29 to $0.31. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.30 on revenue of $132 million for the third quarter of 2009.
