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Stock Market & Financial Investment News

News Breaks
January 28, 2013
16:05 EDTIRFInternational Rectifier sees Q3 revenue $220M-$235M, consensus $230.19M
The company said, “Order trends are starting to improve across all of our end markets with the exception of computing. As a result, we currently expect revenue to range from $220M-$235M. Gross margin is expected to be between 22% and 23% mainly due to low factory utilization and the continued reduction of our inventory. The market indicators are showing encouraging signs that a bottom has formed and demand is slowly starting to improve. As demand returns into the summer, we would expect positive momentum from rising utilization, increasing turns and improving product mix."
News For IRF From The Last 14 Days
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August 20, 2014
12:45 EDTIRFInfineon acquires International Rectifier in $3B deal
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12:37 EDTIRFOn The Fly: Midday Wrap
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12:26 EDTIRFInternational Rectifier volatility collapses on Infineonon acquiring for $3B
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12:15 EDTIRFInternational Rectifier discontinues share repurchase program
International Rectifier (IRF) entered into a definitive agreement with Infineon Technologies (IFNNY) under which Infineon has agreed to acquire International Rectifier for $40 per share in an all-cash transaction valued at approximately $3B. In anticipation of this transaction which is expected to close late in the calendar year 2014 or early in the calendar year 2015 subject to regulatory approval, International Rectifier will not conduct a fourth quarter results conference call nor issue financial guidance for the upcoming quarter. International Rectifier is also discontinuing its share repurchase program.
12:13 EDTIRFInternational Rectifier reports Q4 EPS 30c, consensus 29c
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12:06 EDTIRFInfineon to acquire International Rectifier for $40 per share in cash
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12:03 EDTIRFInfineon to acquire International Rectifier for $40 per share in cash
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11:43 EDTIRFSpansion, Semtech off highs after International Rectifier halt
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11:40 EDTIRFInternational Rectifier trading halted, pending news
August 18, 2014
10:29 EDTIRFGoldman cuts sector view on semiconductors to Cautious
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08:04 EDTIRFSemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.

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