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Stock Market & Financial Investment News

News Breaks
December 18, 2012
19:41 EDTIDTI, PLXTFTC 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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October 28, 2014
09:00 EDTIDTIIntegrated Device reports a solid beat and guidance, says Craig-Hallum
Craig-Hallum said Integrated Device reported a solid Q2 and guidance and expects shares to continue to work higher throughout FY15. The firm believes Integrated Device will be a leader in wireless charging and expects both inductive and resonance solutions to be the easy choice for customers. Shares are Buy rated with a $20 price target.
October 27, 2014
18:26 EDTIDTIOn The Fly: After Hours Movers
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17:24 EDTIDTIIntegrated Device sees Q3 EPS 21c-23c, consensus 20c
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16:58 EDTIDTIIntegrated Device sees Q3 revenue $138M-$146M, consensus $136.92M
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16:09 EDTIDTIIntegrated Device reports Q2 EPS 20c, consensus 18c
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