Juniper Networks (JNPR) this morning said it reached an agreement to buy wireless networking equipment provider Trapeze Networks from Belden (BDC) for $152 million in cash. The deal is expected to close in the fourth quarter.
In September, Network World had reported that the two sides were discussing a deal. Belden [...]
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A123 Systems (AONE) shares are down sharply in late trading after the maker of batteries for electric cars warned that as a result of updated estimates from certain customers, “the projected timing for ramping our production volumes has shifted from the fourth quarter of 2010 to the second [...]
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ON Semiconductor (ONNN) shares are down modestly after hours following lower-than-expected revenue guidance for the fourth quarter.
For Q3, the chip maker reported revenue of $600.7 million and non-GAAP profits of 25 cents a share about in line with the Street at $599.4 million and 25 cents.
For Q4, ONNN sees revenue [...]
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Anadigics (ANAD) shares are headed for a lower opening on investor disappointment with the company’s outlook for the fourth quarter.
For Q3, the chip maker posted revenue of $61.3 million and non-GAAP profits of 6 cents a share, ahead of the Street at $57.6 million and 4 cents.
But for Q4, the [...]
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Tellabs (TLAB) shares are down sharply in early trading after the company issued disappointing guidance for the fourth quarter.
For Q3, the networking equipment provider posted revenue of $429 million and non-GAAP profits of 16 cents a share, edging Street estimates of $426.9 million and 14 cents. The company also said [...]
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In the latest in a series of disappointing earnings reports from the semiconductor sector, Lattice Semiconductor (LSCC) this afternoon issued disappointing guidance for the fourth quarter.
For Q3, the company reported $77.1 million in revenue and profits of 13 cents a share, shy of the Street consensus at $79.5 million and [...]
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Infinera (INFN) shares are getting clobbered this morning on the optical networking equipment provider’s bearish view on the outlook for the fourth quarter – and the company’s comments are dragging the rest of the sector down with it.
As I noted in my post on the company’s results yesterday, Infinera CFO [...]
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Market research firm iSuppli today trimmed its 2010 semiconductor industry revenue growth forecast to 32%, down from 35.1%. The new forecast is for global chip sales this year of $302 billion, up from $228 billion last year.
According to iSuppli, revenue in the fourth quarter will be down 0.3% from the [...]
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According to Charlie Gasparino, “there will be fairly significant cuts” if “the fourth quarter mirrors the third quarter.”
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Article courtesy of Dealbreaker
IBM (IBM) this morning said it has agreed to buy Blade Network Technologies, a privately held Santa Clara-California provider of blade servers and switches, as well as software to virtualize and manage cloud computing. The deal is expected to close in the fourth quarter. No terms were announced.
Last September, the [...]
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