IDT Reports Q2 Fiscal Year 2015 Financial Results

Q2 FY15 Revenue (from Continuing Operations) of $137.1M; up 8.5% Q/Q and 10.5% Y/Y
Q2 FY15 GAAP Diluted EPS (from Continuing Operations) of $0.16
Q2 FY15 Non-GAAP Diluted EPS of $0.20

SAN JOSE, Calif.-- Integrated Device Technology, Inc. (IDT^®) (IDTI) today announced results for the fiscal second quarter ended September 28, 2014.

Ascent Solar Obtains Business License for Joint Venture in China

License Enables Injection of Capital (US$32.5 Million) into the Joint Venture by Suqian

THORNTON, Colo.-- Ascent Solar Technologies, Inc. ("Ascent") (ASTI), a manufacturer of state-of-the-art, flexible thin-film photovoltaic modules, integrated into off-grid applications and the company’s EnerPlex™ series of consumer products, announced today the attainment of a key milestone for its China Joint Venture. In December of 2013, Ascent and the Suqian Municipality of Jiangsu Province (“Suqian”) agreed to create a Joint Venture to build a manufacturing facility in China, in which Suqian would provide a cash injection of $32.5 million dollars, as well as 5-years free usage of the newly built manufacturing facility along with a 5-year tax holiday and significant trade incentives. Ascent would provide proprietary technology, equipment and know-how to operate the plant as well as a nominal amount of cash. Ascent’s ownership in the JV would progressively grow up to 80% of the JV after all of these items are completed.

QLogic Exceeds Revenue and EPS Guidance for Q2 FY2015

Announces Approval of a $100 million Stock Repurchase Program

ALISO VIEJO, Calif.-- QLogic Corp. (QLGC), a leading supplier of high performance network infrastructure solutions, today announced its second quarter financial results for the period ended September 28, 2014.

Second Quarter Highlights

• Net revenue: $127.5 million, up 7% sequentially
• GAAP net income: $11.0 million or $0.12 per diluted share