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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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December 18, 2014
06:34 EDTIDTIIntegrated Device shipped over 100M PCIe buffers, 3M low-power PCIe Gen3 buffers
Integrated Device announced that it has shipped over 100M PCIe buffers and over 3M low-power PCIe Gen3 buffers, cementing its role as a key enabling and validation partner of leading x86 and ARM-based CPU and chipset suppliers. IDTís low-power PCIe Gen3 buffers apply IDTís long-proven, patented, low-power HCSL technology to address three major customer concerns. The buffers reduce operating costs, save board space, and support longer PCIe connection topologies.

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