Key Developments For Ikanos Communications Inc
Ikanos Communications Inc (IKAN.O) (Consolidated Issue listed on NASDAQ Global Market)
Ikanos Communications Issues Q4 2009 Revenue Guidance Above Analysts' Estimates
Ikanos Communications announced that for the fourth quarter of 2009, it expects revenue to be between $55.0 million and $58.0 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $25 million for the same period.
Ikanos Communications Completes Acquisition Of Broadband Access Product Line From Conexant Systems, Inc.
Ikanos Communications announced that it has completed the acquisition of the Broadband Access product line from Conexant Systems, Inc. Under the terms of the agreement, Ikanos purchased Conexant's Broadband Access product line for approximately $54 million in cash, excluding transaction costs, and the assumption of certain employee and facility related liabilities. Simultaneously, Ikanos received an investment of $42 million, excluding transaction-related expenses, from Tallwood Venture Capital, a investment firm focused on the semiconductor industry.
Ikanos Communications Issues Q3 2009 Revenue Outlook Above Analysts' Estimates
Ikanos Communications announced that for the third quarter of 2009, it expects revenue to be between $23 million and $25 million. The outlook excludes the potential impact of the Broadband Access Product Line Acquisition. According to Reuters Estimates, analysts are expecting the Company to report revenue of $21 million for third quarter of 2009.
Ikanos Communications's VDSL2 Technology Integrated Into Access Equipment From Ubiquoss
Ikanos Communications announced that Ubiquoss Corporation is using VDSL2 central office (CO) and customer premises equipment (CPE) chipsets from the Company in its internet protocol digital subscriber line access multiplexers (IP DSLAMS). The Ikanos-based IP DSLAMs are being utilized by one of Korea's telecom providers in a fiber-to-the-building (FTTB) network deployment that will provide high-speed internet services to multi-dwelling units (MDUs) across Korea.
Allied Data Selects Ikanos Communications' Processors For Enterprise and Residential Gateways
Ikanos Communications announced that Allied Data Technologies, a Dutch manufacturer of datacom and other communications equipment, has selected Ikanos' Fusiv Vx180 gateway processor for integration into its residential and small-to-medium enterprise (SME)-class gateways.
