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News Breaks
08:06 EDTMCHP
theflyonthewall.com: Microchip new products poised to drive growth, says Thomas Weisel
After meeting with Microchip executives, Thomas Weisel believes that the company's new microcontroller products will stimulate the company's growth. The firm thinks Microchip is growing more quickly than the market and it is more confident in its Overweight rating of the company following the recent meetings. :theflyonthewall.com



News For MCHP From The Last 14 Days
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February 4, 2010
15:22 EDTMCHP
theflyonthewall.com: Companies reporting After the Market Close on Thursday, February 4
Notable companies reporting after the bell include Clorox (CLX), D&B (DNB), Fidelity National Information (FIS), FMC (FMC), Microchip Technology (MCHP), PerkinElmer (PKI), Pitney Bowes (PBI), Stericycle (SRCL), and Sunoco (SUN). :theflyonthewall.com

February 3, 2010
10:10 EDTMCHP
theflyonthewall.com: Microchip Technology to hold a conference call

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07:15 EDTMCHP
theflyonthewall.com: Microchip sees Q4 EPS 39c-41c vs. consensus 30c

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07:14 EDTMCHP
theflyonthewall.com: Microchip reports Q3 EPS 38c vs. consensus of 29c
Reports Q3 revenue $250.1M vs. consensus $243M. :theflyonthewall.com
07:13 EDTMCHP
theflyonthewall.com: Microchip acquires Silicon Storage
Microchip Technology (MCHP) announced that it has signed a definitive agreement to acquire Silicon Storage Technology (SSTI) for $2.85 per share in cash. The $2.85 per share represents an approximate 35.7% premium to the amount that the holders of SST common stock would have received under the previously announced merger agreement between SST and Technology Resources Holdings, Inc., and an approximate 53.2% premium to the closing price per share of SST’s stock on November 12, 2009, the last day of trading prior to the announcement of the execution of the definitive merger agreement with Technology Resources Holdings, Inc. As separately announced today by SST, SST has terminated its previously announced merger agreement prior to entering into the definitive agreement with Microchip. :theflyonthewall.com
07:12 EDTMCHP
theflyonthewall.com: Microchip increases dividend

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07:09 EDTMCHP
theflyonthewall.com: Silicon Storage to be acquired by Microchip Technology
Silicon Storage Technology (SSTI) announced that it has entered into a definitive merger agreement with Microchip Technology (MCHP), under which Microchip will acquire all of SST's outstanding common stock for $2.85 per share in cash. In addition, SST announced that immediately prior to its entry into the merger agreement with Microchip it had terminated its previously announced merger agreement with Technology Resources Holdings, or TRH, following the expiration of the notice period granted to TRH under the TRH merger agreement. The Microchip agreement has been approved by both companies' Boards of Directors. SST's Board acted upon the unanimous recommendation of its independent Strategic Committee. :theflyonthewall.com