Key Developments For Integrated Device Technology, Inc.
Integrated Device Technology, Inc. (IDTI.O) (Nasdaq)
Spectrum Control, Inc. Signs Definitive Agreement To Acquire Integrated Device Technology Inc.'s Micro Networks Corp.
Spectrum Control, Inc. announced that it has signed a definitive agreement to acquire substantially all of the assets and assume certain liabilities of Micro Networks Corporation (Micro Networks), a subsidiary of Integrated Device Technology Inc. Micro Networks, with operations in Worcester, MA and Auburn, NY, designs and manufactures high-performance data conversion products, custom modules, and a broad line of filters, oscillators, and delay lines based on surface acoustic wave (SAW) technology. The transaction is expected to close by the end of November. The total purchase price of the acquisition is anticipated to approximate $13 million.
Integrated Device Technology Inc. Issues Q3 2010 Outlook Above Analysts' Estimates-Conference Call
Integrated Device Technology Inc. announced that for the third quarter of 2010, it expects revenues to be $140 million plus or minus $3 million non-GAAP earnings per share (EPS) to be about $0.08, plus or minus $0.01. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.05 on revenue of $136 million for the same period.
Integrated Device Technology Inc. Introduces First DisplayPort-Based Solution
Integrated Device Technology Inc. announced the IDT PanelPort LinkXtend solution - a DisplayPort-based single chip device that provides virtually unlimited cable extension for PCs and mobile computers to connect to monitors and projectors.
Integrated Device Technology Inc. Introduces Spread Injection PLL Buffering Solution
Integrated Device Technology Inc. announced the spread injection buffer - the IDT spread injection PLL. This buffer is designed to add spread spectrum, which reduces electromagnetic interference (EMI) in a device, to systems that use a non-spreading clock source, helping improve signal quality and performance in the end device. The IDT spread injection PLL can add spread spectrum without replacing the original clock source in systems, providing design flexibility while saving design time. The IDT spread injection PLL is PCI Express Gen 2 compliant and can be used in any general purpose design where spread spectrum needs to be added to a 100MHz differential clock source.
Integrated Device Technology Inc. Receives Favorable Ruling In Patent Action Versus LSI Logic
Integrated Device Technology Inc. (IDT) announced a favorable ruling issued by the International Trade Commission (ITC) in a patent action brought by LSI Corporation against several semiconductor companies, including IDT. In the ruling, the ITC found that the patent claims asserted by LSI were invalid. LSI had alleged that IDT and the other defendants in the action violated section 337 of the Tariff Act which prohibits the importation and sale of infringing products. Based on the finding of invalidity, the Court held that no violation of section 337 has occurred with respect to the asserted claims. The full ITC Commission has until November 21 to determine whether to review the initial determination of the judge or allow it to become final.
