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Stock Market & Financial Investment News

News Breaks
July 30, 2014
07:21 EDTIPHIInphi to acquire Cortina Systems for $52.5M cash, $73.5M stock
Inphi and Cortina Systems announced they have entered into a definitive agreement, under which Inphi will acquire Cortina's High-Speed Interconnect and Optical Transport product lines for $52.5M in cash and $73.5M in stock. The acquisition does not include Cortina's Access and Digital Home business, which is currently scheduled to be divested prior to the acquisition close and will continue as an independent company. The transaction is expected to close in late September or October. The acquisition is expected to add an additional $20M in revenue per quarter at higher gross margins than Inphi's gross margins. The company expects 50% improvement in total quarterly operating income as a percentage of revenue on a non-GAAP basis.
News For IPHI From The Last 14 Days
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October 28, 2014
16:34 EDTIPHIInphi sees Q4 EPS 19c-21c, consensus 19c
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16:34 EDTIPHIInphi reports Q3 EPS 12c, consensus 11c
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