Key Developments For Vicor Corp
Vicor Corp (VICR.O) (Nasdaq)
Vicor Corporation Announces Beta Test Site Installation Of Application Service Provider Distribution Model
Vicor Corporation announced the beta test installation of the Company's application service provider (ASP) distribution model in a U.S. cardiology practice. Vicor's ASP distribution model enables the seamless collection and transmission of patient ECG data to the Vicor server for analysis. Upon completion of analysis of the ECG data by Vicor's PD2i Analyzer, the physician receives an electronic medical record and report of the PD2i Analyzer results.
Vicor Corporation Comments On Q3 2009 Revenue Guidance
Vicor Corporation announced that it is likely to experience a sequential decline in revenue for the third quarter 2009. According to Reuters Estimates, analysts were expecting the Company to report revenue of $50.40 million for the same period.
Vicor Corporation Announces Work Force Reduction And Dividend Suspension
Vicor Corporation announced an indefinite suspension of its semi-annual dividend and a plan to reduce its work force by approximately 6%. Management expects the reduction of its work force will be completed by the end of January 2009.
Vicor Corporation Declares Dividend
Vicor Corporation announced that its Board of Directors has declared cash dividend of $0.15 per share payable on September 10, 2008 to shareholders of record at the close of business on August 25, 2008.
Sanken Electric Co. And Vicor Corporation To Bring Power System To Consumer Markets
Vicor Corporation announced that Sanken Electric Co. and Vicor have entered into a non-exclusive license agreement to commercialize Vicor's V-I Chip technology for consumer markets, including the flat-panel television market. Under the terms of the agreement, Sanken will design, manufacture,and market products based on Vicor's V-I Chip technology. Sanken, Polar Semiconductor, Inc. (PSI) (a Sanken subsidiary), Vicor, V-I Chip Corporation (a Vicor subsidiary), Picor Corporation (a Vicor subsidiary), and Great Wall Semiconductor Corporation are parties to the agreement. The first product to result from this collaboration is a complete 300W AC-DC power system for flat-panel TVs. As part of the ongoing partnership, Sanken Electric and V-I Chip have agreed to enter into a Mutual Second Source Agreement to supply each other with V-I Chips manufactured in their respective facilities. Sanken will transfer V-I Chip assembly technology to its Ishikawa facility, where Sanken's first automated V-I Chip manufacturing line will be installed.
