Computer Hardware
Innolux Corp Announces Merger between Subsidiaries
Innolux Corp announced that its two wholly owned subsidiaries (subsidiary A and subsidiary B) will merge by the end of 2013. Subsidiary A will be survived and subsidiary B will be dissolved. Subsidiary A will be survived and subsidiary B are both engaged in the processing, manufacturing and after-sales maintenance services of thin film transistor-liquid crystal display (TFT-LCD) modules.
QLogic Corp Announces Restructuring Plan
QLogic Corp announced that it is implementing a restructuring plan designed to streamline business operations with the goal of driving long-term profitable growth. The restructuring plan includes a workforce reduction, the consolidation of several engineering activities, and enhanced product development focus. These restructuring activities are part of an overall plan to deliver greater value to customers and shareholders, while accelerating innovation. QLogic anticipates the restructuring actions will be substantially completed within the next twelve months. Once fully implemented, the Company expects the restructuring actions will achieve annualized cash savings of approximately $20 million, primarily in operating expenses. QLogic has plans to reinvest part of these savings in the development of new products and programs.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Brown Brothers Harriman & Co.
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$23.00
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Provider: Brown Brothers Harriman & Co.
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$35.00
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Provider: Market Edge
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$10.00
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Provider: Market Edge
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$10.00
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Provider: Edison Investment Research
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$10.00
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