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Stock Market & Financial Investment News

News Breaks
December 17, 2012
06:20 EDTCEVA, MIPSMIPS and Imagination revise merger terms providing for $100M purchase price
MIPS Technologies (MIPS) announced that it entered into a new amendment to its merger agreement with Imagination Technologies Group originally announced on November 5 and all amendments thereto. The latest amendment provides for a purchase price of $100M. As a result of the amendment, the net proceeds to each holder of MIPS common stock, following the consummation of the previously announced proposed patent sale transaction with Bridge Crossing and proposed recapitalization, has increased to approximately $7.94 per share in cash. The merger agreement is otherwise in full force and effect. The amendment follows the submission of a definitive proposal from CEVA (CEVA) to acquire MIPS for $90M, which was announced on December 12 to have been determined by the MIPS board to be a "Superior Proposal" to the merger agreement with Imagination.
News For MIPS;CEVA From The Last 14 Days
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May 26, 2015
06:53 EDTCEVACEVA becoming a more balanced company, says Barclays
Barclays said Overweight rated CEVA is becoming a more balanced company with significant cash generation and higher margins. The firm said 2G has slowed its decline and overall share is steady at 75%, and CEVA is providing more information regarding units and royalties in its emerging opportunities. Barclays believes CEVA is on the verge of reaching critical mass across multiple new platforms and raised its price target to $25 from $23.
May 19, 2015
07:02 EDTCEVARamon Chips licenses CEVA-X1643 for its parallel processor
CEVA announced that Ramon Chips has licensed the CEVA-X1643 for its RC64 64-core parallel processor, targeting high performance space computations. Ramon will integrate sixty-four CEVA-X1643 DSPs into the RC64 processor, delivering a huge leap in computational power for next-generation satellites deployed for communications, earth observation, science and many other applications.

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