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Stock Market & Financial Investment News

News Breaks
September 24, 2012
08:15 EDTSILCSilicom announces design win from Tier-1 Chinese networking equipment company
Silicom announced that it has secured a strategic new Design Win from a Tier-1 Chinese networking equipment giant. The customer has placed initial purchase orders for multi-port adapters to be used in a number of its servers and server-based networking equipment products and provided a short term forecast demonstrating an annual revenue potential of approximately $1M. In addition, the customer has indicated the potential for its annual purchase orders to reach several times this amount once it completes its migration to the Silicom products, a process which will be based on its experience with the Company and its performance over time.
News For SILC From The Last 14 Days
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December 10, 2014
14:44 EDTSILCSilicom acquires application acceleration company Fiberblaze
Silicom announced that it has signed and closed the acquisition of Fiberblaze A/S, a privately-held Denmark-based provider of application acceleration solutions for the mobile, telecommunication, network monitoring, cyber security, financial and related industries. Silicom has agreed to pay Fiberblaze’s stockholders approximately $10M in cash, subject to certain adjustments, and additional consideration subject to the attainment of certain future performance milestones. The transaction has been approved by the boards of directors of both companies. Silicom expects the acquisition to be accretive to earnings per share on a non-GAAP basis.

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