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Mellanox Technologies Ltd (MLNX.O)

MLNX.O on Nasdaq

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12 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Xilinx Working With Barclays To Acquire Mellanox, Deal Could Be Announced In December - CNBC
Wednesday, 7 Nov 2018 01:07pm EST 

Nov 7 (Reuters) - :XILINX WORKING WITH BARCLAYS TO ACQUIRE MELLANOX, DEAL COULD BE ANNOUNCED IN DECEMBER - CNBC, CITING SOURCES.DEAL COULD VALUE MELLANOX AT MORE THAN $100 PER SHARE - CNBC, CITING SOURCES.  Full Article

Mellanox Technologies Sees Q2 Revenue Between $260 Mln-$270 Mln
Thursday, 17 May 2018 08:30am EDT 

May 17 (Reuters) - Mellanox Technologies Ltd ::MELLANOX TECHNOLOGIES INCREASES SECOND QUARTER AND FULL YEAR 2018 OUTLOOK.SEES Q2 2018 REVENUE $260 MILLION TO $270 MILLION.SEES 2018 REVENUES OF $1,050 MILLION TO $1,070 MILLION.Q2 REVENUE VIEW $260.0 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $1.04 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Starboard Comments On Mellanox's Decision To Delay 2018 Annual Meeting
Monday, 19 Mar 2018 09:42am EDT 

March 19 (Reuters) - Starboard::STARBOARD COMMENTS ON MELLANOX'S DECISION TO DELAY THE 2018 ANNUAL MEETING.‍STARBOARD SAYS "WE ARE DISAPPOINTED BY MELLANOX'S DECISION TO CONTINUE WITH ITS PLANS TO HOLD AN EXTRAORDINARY GENERAL MEETING IN MAY​".‍STARBOARD SAYS "WE ARE FURTHER DISAPPOINTED THAT MELLANOX CHOSE NOT TO EVEN ENGAGE IN DISCUSSIONS WITH US REGARDING REASONABLE PROPOSAL WE SUBMITTED".STARBOARD SAYS HAS BENEFICIAL OWNERSHIP INTEREST OF ABOUT 10.6 PERCENT OF OUTSTANDING SHARES OF MELLANOX TECHNOLOGIES ​.  Full Article

Starboard Believes Mellanox Technologies' EGM Is "Unnecessary"
Monday, 12 Mar 2018 11:41am EDT 

March 12 (Reuters) - Starboard Value LP::STARBOARD RESPONDS TO MELLANOX'S PROPOSED EXTRAORDINARY GENERAL MEETING (EGM) IN OPEN LETTER TO MELLANOX SHAREHOLDERS.STARBOARD VALUE LP SAYS TOGETHER WITH ITS AFFILIATES HAS OWNERSHIP INTEREST OF ABOUT 10.6 PERCENT OF MELLANOX TECHNOLOGIES' SHARES​.STARBOARD VALUE LP SAYS BELIEVES MELLANOX TECHNOLOGIES' "EGM IS UNNECESSARY AND DESIGNED TO IMPROPERLY DELAY 2018 ANNUAL GENERAL MEETING".STARBOARD- PROPOSES SOLUTION TO ALLOW UNIVERSAL PROXY CARD, PLURALITY VOTING TO BE IMPLEMENTED WHILE HOLDING ANNUAL MEETING AT MELLANOX TECHNOLOGIES.STARBOARD VALUE SAYS "REMAIN COMMITTED TO SEEKING CHANGE AT 2018 ANNUAL MEETING​" OF MELLANOX TECHNOLOGIES ‍​.  Full Article

Starboard Delivers Open Letter To Mellanox Shareholders
Wednesday, 7 Mar 2018 04:23pm EST 

March 7 (Reuters) - Mellanox Technologies Ltd ::STARBOARD DELIVERS OPEN LETTER TO MELLANOX SHAREHOLDERS.‍STARBOARD​ SAYS "CONTINUE TO BELIEVE SUBSTANTIAL CHANGES ARE NEEDED AT MELLANOX IN ORDER TO BEST POSITION THE COMPANY".  Full Article

Mellanox Says Jacob Shulman Will Step Down As CFO on May 4
Wednesday, 21 Feb 2018 04:22pm EST 

Feb 21 (Reuters) - Mellanox Technologies Ltd ::MELLANOX TECHNOLOGIES UPDATES FIRST QUARTER OUTLOOK.SEES Q1 REVENUE $240 MILLION TO $250 MILLION.JACOB SHULMAN WILL STEP DOWN AS CHIEF FINANCIAL OFFICER OF MELLANOX ON MAY 4, 2018.SEES Q1 NON-GAAP GROSS MARGINS OF 68.5% TO 69.5%.Q1 REVENUE VIEW $227.0 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Starboard Says Owns About 10.7 Pct Of Mellanox Technologies' Shares
Monday, 5 Feb 2018 07:33am EST 

Feb 5 (Reuters) - Starboard Value LP: :STARBOARD VALUE LP SAYS IT HAS DELIVERED A LETTER TO IRWIN FEDERMAN, CHAIRMAN OF BOARD OF DIRECTORS OF MELLANOX TECHNOLOGIES LTD.STARBOARD VALUE LP SAYS HAS OWNERSHIP INTEREST OF ABOUT 10.7 PERCENT OF MELLANOX TECHNOLOGIES' OUTSTANDING SHARES​.STARBOARD VALUE LP SAYS "REMAINS OPEN TO ENGAGING WITH" MELLANOX TECHNOLOGIES LTD, BUT "BELIEVES SIGNIFICANT CHANGES ARE NEEDED".STARBOARD VALUE LP SAYS "REMAINS OPEN TO ENGAGING WITH" MELLANOX TECHNOLOGIES LTD, BUT "BELIEVES SIGNIFICANT CHANGES ARE NEEDED".  Full Article

Mellanox Discontinuing 1550NM Silicon Photonics Development Activities
Tuesday, 9 Jan 2018 08:30am EST 

Jan 9 (Reuters) - Mellanox Technologies Ltd ::MELLANOX DISCONTINUING 1550NM SILICON PHOTONICS DEVELOPMENT ACTIVITIES.MELLANOX TECHNOLOGIES LTD - ‍COMPANY INTENDS TO RETAIN SILICON PHOTONICS INTELLECTUAL PROPERTY​.MELLANOX TECHNOLOGIES - ‍EXPECTS THERE WILL BE NO IMPACT FOR VARIABLE OPTICAL ATTENUATORS PRODUCT,CO WILL CONTINUE TO SELL TO,SUPPORT VOA CUSTOMERS​.MELLANOX TECHNOLOGIES LTD - ‍DISCONTINUATION OF CO'S 1550NM SILICON PHOTONICS DEVELOPMENT ACTIVITIES NOT EXPECTED TO HAVE IMPACT ON 2018 REVENUES​.MELLANOX - ‍DISCONTINUATION OF 1550NM SILICON PHOTONICS DEVELOPMENT TO RESULT IN EXPECTED 2018 NON-GAAP OPERATING EXPENSE SAVINGS OF $26 MILLION-$28 MILLION​.MELLANOX TECHNOLOGIES LTD - ‍DISCONTINUATION OF CO'S 1550NM SILICON PHOTONICS DEVELOPMENT WILL RESULT IN ESTIMATED CHARGE OF $21 MILLION TO $24 MILLION​.MELLANOX TECHNOLOGIES LTD - ‍EXPECTS TO RECOGNIZE MOST OF RESTRUCTURING CHARGES IN Q1 OF 2018​.MELLANOX TECHNOLOGIES LTD - ‍DISCONTINUATION OF 1550NM SILICON PHOTONICS DEVELOPMENT TO RESULT IN REDUCTION IN FORCE OF ABOUT 100 PEOPLE​.  Full Article

Starboard Delivers Letter To Mellanox CEO And Board Of Directors
Monday, 8 Jan 2018 06:00am EST 

Jan 8 (Reuters) - Mellanox Technologies Ltd ::STARBOARD DELIVERS LETTER TO MELLANOX CEO AND BOARD OF DIRECTORS.STARBOARD VALUE LP SAYS HAS OWNERSHIP INTEREST OF APPROXIMATELY 10.7% OF MELLANOX'S OUTSTANDING SHARES​.STARBOARD VALUE SAYS RECENTLY ANNOUNCED 2018 TARGETS OF MELLANOX ARE "INSUFFICIENT AND TOO HEAVILY RELIANT ON REVENUE GROWTH".STARBOARD VALUE SAYS APPRECIATIVE OF CONSTRUCTIVE DIALOGUE WITH MELLANOX TO DATE BUT "EXPECTS SUBSTANTIAL CHANGE IS NEEDED TO DRIVE IMPROVED RESULTS".  Full Article

Mellanox Sees Low To Mid-Teens Revenue Growth In 2018
Thursday, 7 Dec 2017 07:00am EST 

Dec 7 (Reuters) - Mellanox Technologies Ltd ::MELLANOX TECHNOLOGIES SEES LOW TO MID-TEENS REVENUE GROWTH IN 2018 - PRESENTATION.FY2018 REVENUE VIEW $967.6 MILLION -- THOMSON REUTERS I/B/E/S.MELLANOX TECHNOLOGIES SEES 2018 GROSS MARGIN 68 PERCENT - 69 PERCENT.MELLANOX TECHNOLOGIES SEES 50 PERCENT Y-O-Y OPERATING. INCOME GROWTH IN 2018.  Full Article

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Chipmaker Xilinx working with Barclays to buy Mellanox: CNBC

Xilinx Inc has hired Barclays to advise on a bid to buy Mellanox Technologies Ltd after approaching the smaller chipmaker with an offer, CNBC reported on Wednesday, citing people familiar with the matter.