Key Developments For Mindspeed Technologies, Inc.
Mindspeed Technologies, Inc. (MSPD.O) (Consolidated Issue listed on NASDAQ Global Market)
Mindspeed Technologies, Inc. Issues Q1 2010 Revenue Outlook Above Analysts' Estimates
Mindspeed Technologies, Inc. announced that for first quarter of 2010, it expects revenues to grow between 4%-8% or to approximately $36.1-$37.5 million, from the fiscal fourth quarter of 2009, excluding any potential patent sales. According to Reuters Estimates, analysts were expecting the Company to report revenues of $35.3 million for the same period.
Hitachi Selects Mindspeed Technologies, Inc. 's Comcerto Processor To Deliver Triple-Play Home Gateway For Fiber Access Network
Mindspeed Technologies, Inc. announced that the cmpany`s Comcerto customer premise equipment (CPE) processor has been selected by Hitachi to create an ultra-low-power home gateway that features 2Gbps routing performance with concurrent WiFi and carrier-grade Voice-over-IP (VoIP) capabilities. Hitachi`s fiber-to-the-home (FTTH) gateways are being deployed by Japan`s service provider in its rapidly growing FTTH access network.
Beceem Selects Mindspeed Technologies, Inc.'s Mindspeed Broadband Gateway Processor For Use Within Wimax VOIP Gateway Solution
Mindspeed Technologies, Inc. announced that Beceem Communications Inc., a provider of mobile WiMAX chips, has selected Mindspeed's Comcerto 100 broadband gateway processor for use within its BCS5200 customer premise equipment (CPE) chip for residential, small office/home office (SOHO), small-to-midsize businesses (SMB) and enterprise applications.
Mindspeed Technologies, Inc. Introduces Low-Power Signal Integrity Solution for Broadcast Video Applications
Mindspeed Technologies, Inc. announced the introduction of a dual-channel backplane equalizer and re-driver that is optimized for serial digital interface (SDI) applications in the broadcast video market.
Mindspeed Technologies, Inc. Announces Closing Of $9.7 Million Common Stock Offering
Mindspeed Technologies, Inc. announced the closing of its previously disclosed public offering of 4.75 million shares of common stock, at a price of $2.05 per share. Gross proceeds from the offering are approximately $9.7 million before deducting underwriting discounts and commissions and other expenses. The net proceeds to the company after deducting underwriting discounts and commissions and estimated offering expenses are approximately $8.8 million. The company intends to apply the full amount of the net proceeds from this offering to the $10.5 million outstanding balance of its 3.75% Convertible Senior Notes due in November 2009. However, the Company could also use a portion of the net proceeds from this offering for general corporate purposes, including capital expenditures.
