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News Breaks
October 28, 2009
08:38 EDTMSCC
theflyonthewall.com: Microsemi to record Q4 charge, will not effect non-GAAP guidance
In Q409, Microsemi expects to record one-time charges for restructuring and other reserves of between $24M-$26M for severance and related benefits, lease termination and facility closure costs. Additional consolidation costs of $3M may be incurred over the closure period. These costs will not impact the company's non-GAAP guidance for its fourth quarter of fiscal year 2009. The company reiterates that the first quarter ending December 27, 2009 will be the final one in which transitional idle capacity will be used in describing financial performanc :theflyonthewall.com



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February 7, 2012
07:03 EDTMSCC
theflyonthewall.com: Microsemi joins high-temperature sensors consortium
Microsemi announced its participation in a multi-disciplinary consortium tasked with developing innovative CMOS-compatible, high-temperature sensors that help reduce carbon emissions and drive energy consumption savings. The European Union's Seventh Framework Programme is funding the majority of the SOI-HITS project, which is slated for completion by the end of August 2014. :theflyonthewall.com