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Stock Market & Financial Investment News

News Breaks
December 18, 2012
19:41 EDTPLXT, IDTIFTC seeking to block Integrated Device, PLX Technology merger
The Federal Trade Commission issued an administrative complaint seeking to stop Integrated Device Technology's (IDTI) proposed $330M acquisition of PLX Technology (PLXT), a deal that allegedly would give the combined firm a near-monopoly in the market for a type of integrated computer circuits called PCIe switches. The commission also authorized the staff to seek a preliminary injunction in federal district court or other relief necessary to stop the deal pending a full administrative trial. According to the FTC, IDT and PLX are each otherís closest and most direct competitor in the nearly $100M market for PCIe switches. IDTís proposed acquisition of PLX would give the combined firm a share in excess of 85% of the market, according to the FTC. Reference Link
News For IDTI;PLXT From The Last 14 Days
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January 21, 2015
14:41 EDTIDTIIntegrated Device has good odds of supplying Samsung charger, says Dougherty
After multiple tech blogs reported that Samsung's flagship smartphone, the Galaxy S 6, may have built-in wireless charging when it's launched in March, Dougherty believes that there is a good chance that Integrated Device (IDTI) will supply the wireless chargers. The firm says the deal could boost Integrated Device's annual revenue by $112M-$135M annually. The firm keeps an $18 price target and Buy rating on Integrated Device.
14:39 EDTIDTISamsung Galaxy S6 likely to have wireless charging, BGR says
Among the expected features for Samsung's (SSNLF) upcoming new flagship Galaxy S6 phone, BGR said it expects the device to feature built-in wireless charging. The Fly notes that Integrated Device (IDTI) is a supplier for wireless charging components. Reference Link
January 15, 2015
10:00 EDTIDTIOn The Fly: Analyst Initiation Summary
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08:18 EDTIDTIIntegrated Device initiated with a Buy at Chardan
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