BIOLASE Receives FDA Clearance for Its 940nm Diolase 10(TM) Diode Soft Tissue Laser for a Broad Spectrum of Medical Procedures
Clearance for Over 80 Procedures in 19 Additional Medical Markets
BIOLASE, Inc. ( NASDAQ : BIOL ), the world's leading manufacturer and distributor of dental lasers, announced today that the U.S. Food and Drug Administration (FDA) has cleared the 940nm Diolase 10 diode soft tissue laser for use in 19 additional medical markets including: ear, nose and throat, oral surgery, arthroscopy, gastroenterology, general surgery, dermatology, plastic surgery, podiatry, GI/GU, gynecology, neurosurgery, ophthalmology, pulmonary surgery, cardiac surgery, thoracic surgery, urology, dermatology, aesthetics, and vascular surgery. This FDA clearance includes over 80 different procedures.
Dell Enters into Agreement to Be Acquired by Michael Dell and Silver Lake Dell Inc. today announced it has signed a definitive merger agreement under which Michael Dell, Dell’s Founder, Chairman and Chief Executive Officer, in partnership with global technology investment firm Silver Lake, will acquire Dell.
Under the terms of the agreement, Dell stockholders will receive $13.65 in cash for each share of Dell common stock they hold, in a transaction valued at approximately $24.4 billion. The price represents a premium of 25 percent over Dell’s closing share price of $10.88 on Jan. 11, 2013, the last trading day before rumors of a possible going-private transaction were first published; a premium of approximately 35 percent over Dell’s enterprise value as of Jan. 11, 2013; and a premium of approximately 37 percent over the average closing share price during the previous 90 calendar days ending Jan. 11, 2013. The buyers will acquire for cash all of the outstanding shares of Dell not held by Mr. Dell and certain other members of management.
Oracle to Buy Acme Packet
BEDFORD, MA -- (Marketwire) -- 02/04/13 -- Acme Packet® (NASDAQ: APKT) today announced that it has entered into an agreement to be acquired by Oracle (NASDAQ: ORCL) for $29.25 per share in cash representing a fully diluted equity value of $2.1 billion. Net of cash this represents an enterprise value of $1.7 billion.
The combination of Oracle and Acme Packet is expected to accelerate the migration to all-IP networks by enabling secure and reliable communications from any device, across any network. Users are increasingly connected and expect to communicate anytime and anywhere using their application, device, and network of choice. Oracle Communications along with Acme Packet can help service providers and enterprises meet these demanding requirements by delivering an end-to-end portfolio of technologies that will support the deployment, innovation and monetization of all-IP networks.
Audience Announces Fourth Quarter and Calendar Year 2012 Financial Results
Audience, Inc. ( NASDAQ : ADNC ), the leader in advanced voice and audio processing for mobile devices, today announced its fourth quarter and calendar year 2012 financial results.
Revenue for the fourth quarter of 2012 was $38.7 million, compared with $18.0 million for the same period in 2011. As reported under U.S. generally accepted accounting principles (GAAP), fourth quarter 2012 net income was $3.1 million, or $0.14 per diluted share based on weighted average shares outstanding of 22.5 million. GAAP net income for the fourth quarter of 2012 included a $1.2 million income tax benefit from the release of a valuation allowance against Audience's deferred tax asset.
Skyworks Exceeds Q1 FY13 Revenue and EPS Guidance
Delivers Revenue of $454 Million, up 15 Percent Year-Over-Year Expands Operating Margin 70 Basis Points Sequentially to 25.3 Percent on a Non-GAAP Basis (19.1 Percent GAAP) Posts $0.55 in Non-GAAP EPS ($0.34 GAAP) Generates $148 Million in Cash Flow from Operations
Skyworks Solutions, Inc. (SWKS), an innovator of high performance analog semiconductors enabling a broad range of end markets, today reported first fiscal quarter 2013 results for the period ending December 28, 2012. Revenue for the quarter was $453.7 million, up 15 percent when compared to $393.7 million in the first fiscal quarter of 2012 and exceeding the Company’s guidance of $450 million.
JDSU Announces Fiscal 2013 Second Quarter ResultsGAAP and Non-GAAP Revenue of $429.4 million GAAP Gross margin of 44.0%; Non-GAAP Gross margin of 48.0% GAAP EPS of $0.02; Non-GAAP EPS of $0.18
MILPITAS, CA -- January 30, 2013 -- JDSU ( NASDAQ : JDSU ) ( TSX : JDU ) today reported results for its second fiscal quarter ended December 29, 2012.
GAAP net revenue was $429.4 million with net income of $4.1 million, or $0.02 per share. Prior quarter net revenue was $420.9 million, with a net loss of $(11.6) million, or $(0.05) per share. Net revenue for the fiscal 2012 second quarter was $409.3 million, with a net income of $(10.2) million, or $(0.04) per share.
CommVault Announces Third Quarter Fiscal 2013 Financial Results
Record Revenue of $128.1 million, up 24% Year-Over-Year GAAP EBIT of $20.2 million; GAAP EPS of $0.25 Record Non-GAAP EBIT of $29.8 million; Record Non-GAAP EPS of $0.39
CommVault (CVLT) announced today its financial results for the third quarter ended December 31, 2012.
N. Robert Hammer, CommVault's chairman, president and CEO stated, "We achieved excellent third quarter financial performance which was highlighted by record results in quarterly revenues of $128.1 million, non-GAAP operating income of $29.8 million and non-GAAP EPS of $0.39.
Hutchinson Technology Reports First Quarter Results
Program Ramps Continue to Partially Offset Market Weakness
Hutchinson Technology Incorporated (HTCH) today reported a net loss of $6.5 million, or $0.27 per share, on net sales of $63.7 million for its fiscal 2013 first quarter ended December 30, 2012. Results for the quarter included $1.0 million of severance costs and $1.0 million of non-cash interest expense. Excluding these items, the company's first quarter net loss was $4.5 million, or $0.19 per share.
In the preceding quarter, the company reported a net loss of $14.7 million, or $0.62 per share, on net sales of $63.6 million. Excluding certain items, the non-GAAP net loss in the preceding quarter was $13.0 million, or $0.54 per share. A detailed reconciliation of GAAP to non-GAAP results is provided in the accompanying financial statements.
Meru Networks Reports Record Fourth Quarter and Fiscal 2012 Financial Results
-- Fourth Quarter Revenue Increased by 21% Year-over-Year -- Quarterly Operating Expenses Reduced for the Third Consecutive Quarter -- Exited 2012 with a Total Customer Count Exceeding 7,400
Meru Networks Inc., (MERU), a leader in virtualized wireless LAN solutions, today announced its financial results for the quarter and full year ended December 31, 2012.
Fourth Quarter 2012 Financial Results Total revenues for the fourth quarter of 2012 were $28.2 million, up 21% from $23.3 million in the fourth quarter of 2011. Products revenues for the fourth quarter of 2012 were $23.8 million, up 20% from the $19.7 million reported in the fourth quarter of 2011.
Sierra Wireless Enters into Agreement to Sell Assets of AirCard® Business to NETGEAR
Expected net cash proceeds of approximately $100 million USD Transaction enables Sierra Wireless to accelerate growth of machine-to-machine (M2M) business Company provides preliminary fourth quarter and full year 2012 financial highlights
Sierra Wireless, Inc. (SWIR) (SW.TO) today announced it has executed a definitive agreement for the sale of substantially all of the assets and operations related to its AirCard® business to NETGEAR®, Inc. (NTGR) for $138 million in cash plus approximately $6.5 million in assumed liabilities as of December 31, 2012.
EFI Reports Fourth Quarter and Full Year 2012 Results Q4 2012 Revenue Increases 7% to a Record $174 Million FY 2012 Revenue Increases 10% to a Record $652 Million Third Consecutive Year of Double-Digit Growth
Electronics For Imaging, Inc. (EFII), a world leader in customer-focused digital printing innovation, today announced its results for the fourth quarter and full year of 2012.
For the quarter ended December 31, 2012, the Company reported record revenue of $174.1 million, up 7% compared to fourth quarter 2011 revenue of $163.1 million. Fourth quarter 2012 non-GAAP net income was $19.8 million or $0.42 per diluted share compared to non-GAAP net income of $16.6 million or $0.36 per diluted share for the same period in 2011, up 19% and 17%, respectively.
Lattice Semiconductor Reports Fourth Quarter 2012 Results
Lattice Semiconductor Corporation ( NASDAQ : LSCC )
Financial Highlights:Revenue of $65.9 million, a decrease of 7.1% from $70.9 million in 3Q12 and a decrease of 6.1% from $70.2 million in 4Q11. Gross margin of 54.2%, compared to 54.4% in 3Q12 and 57.7% in 4Q11. Net loss of $0.06 per basic and diluted share, compared to net loss of $0.02 per basic and diluted share in 3Q12 and net income of $0.34 per diluted share in 4Q11. 4Q12 financial results included a $0.4 million ($0.00 per basic and diluted share) income tax expense, $0.8 million of amortization expense from acquired intangibles and $5.4 million of restructuring related charges.
Synaptics Reports Second Quarter Fiscal 2013 Results
- Revenue up 13% sequentially, driven by strength of mobile products - Repurchased 3.5% of shares outstanding
Synaptics (SYNA), a leading developer of human interface solutions, today reported financial results for its second quarter ended December 31, 2012.
Net revenue for the second quarter of fiscal 2013 was $143.0 million compared with $145.5 million for the comparable quarter last year. Net income for the second quarter of fiscal 2013 was $11.1 million, or $0.33 per diluted share, compared with net income of $17.4 million, or $0.51 per diluted share, for the comparable quarter last year.
Cree Reports Financial Results for the Second Quarter of Fiscal Year 2013
Quarterly Revenue increased 14% year-over-year to a record $346 million Quarterly Net Income increased 69% year-over-year to $20.4 million
Cree, Inc. (CREE), a market leader in LED lighting, today announced revenue of $346.3 million for its second quarter of fiscal 2013, ended December 30, 2012. This represents a 14% increase compared to revenue of $304.1 million reported for the second quarter of fiscal 2012 and a 10% increase compared to the first quarter of fiscal 2013. GAAP net income for the second quarter was $20.4 million, or $0.18 per diluted share, an increase of 69% year-over-year compared to GAAP net income of $12.1 million, or $0.10 per diluted share, for the second quarter of fiscal 2012.
Elephant Talk Signs Software Defined Network Contract with Mobile Operator in Major Latin American Market
Preliminary 4Q12 Results - Mobile and Security revenue up ~77% year-over-year
-- With plans to enter the U.S. market through the recently announced acquisition of 100% of the assets of Telnicity, LLC, a U.S. MVNE/MVNO enabler company headquartered in Oklahoma City, Oklahoma and the award of a contract to provide out-of-band and transaction verification solutions in November 2012 with a leading U.S. financial institution, Elephant Talk Communications, Corp. (ETAK) (www.elephanttalk.com), an international provider of software and services developed to manage network, billing and systems infrastructure for the telecommunication industry and a market leader in providing solutions to counter electronic fraud for the financial services industry, today announced it has signed a contract to implement the Company's proprietary Software Defined Network ("SDN") platform for an established mobile operator in a major Latin America market. Elephant Talk is also releasing preliminary results for fourth quarter 2012 and the year 2012.
ClearOne Announces the Outcome of Arbitration Proceedings
Settles with UBS Financial Services for $45 Million
ClearOne (CLRO) previously reported in its periodic filings that it expected resolution by the end of 2012 of two pending arbitration matters concerning auction rate securities sold to ClearOne by Morgan Stanley & Co., Inc. ("Morgan Stanley", NYSE: MS) and UBS Financial Services, Inc. ("UBS", NYSE: UBS). ClearOne has determined the outcome of both matters, involving substantially identical claims against two different parties, effective January 14, 2013 .
With respect to the Morgan Stanley arbitration, the arbitration panel denied ClearOne's claims in their entirety.
Absolute Declares Quarterly Dividend
Absolute® Software Corporation (TSX: ABT), the industry standard for persistent endpoint security and management solutions for computers, laptops and ultra-portable devices - and the data they contain, announced today that its Board of Directors has declared a quarterly dividend of $0.05 per share on its common shares, payable in cash on February 28, 2013 to shareholders of record at the close of business on February 7, 2013.
John Livingston, Chairman and CEO of Absolute said "The Board's decision to institute a quarterly dividend highlights our significant cash flow generation, our confidence in our prospects for future growth, and our strong commitment to increase shareholder value."
Unwired Planet Strengthens Mobile Intellectual Property Portfolio with the Contribution of Complementary IP from the Industry Leader in Mobile Communications
Enlarged portfolio includes over 2,400 patent assets focused on mobile technologies Holistic and deeply relevant combined intellectual property spanning Telecommunications Infrastructure and Mobile Internet Accelerates Unwired Planet’s conscientious and sustainable long-term IP licensing program
Unwired Planet, Inc. (UPIP) (“Unwired Planet” or the “Company”), the inventor of the mobile Internet, today announced that it has entered into a patent purchase agreement with Ericsson (ERIC) whereby Ericsson will transfer to Unwired Planet 2,185 issued US and international patents and patent applications.
Sandvine reports Q4 2012 results
Sandvine, (TSX:SVC.TO ); (AIM:SAND.L ) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today reported $27.5 million in revenue for its fourth quarter of 2012, non-IFRS income of $6.9 million and net income of $6.5 million. During the quarter the Company recorded a one-time, $3.8 million reduction in operating expenses for Ontario government funding related to its ongoing project under the Next Generation of Jobs Fund.
Full year results included revenue of $87.9 million and a non-IFRS loss of $2.7 million (net loss of $5.0 million). All results are reported in U.S. dollars under International Financial Reporting Standards (IFRS), unless otherwise specified.
Canadian Solar Project Named POWER-GEN International 2012 Solar Project of the Year
Canadian Solar Inc. (the "Company", or "Canadian Solar") (CSIQ) today announced that its submission of the 148 MW solar park PV project in southern Brandenburg, Germany was named the 2012 winner of the Solar Project of the Year Award by POWER-GEN International.
The solar complex in southern Brandenburg, one of the world's largest PV projects covering 352 hectares (870 acres), was constructed on a former lignite mining strip in the East German community of Meuro, near Senftenberg. Canadian Solar provided 636,000 CS6P-P modules, powering nearly 90 percent, 148 MW, of the project's 166 MW total output.
By utilizing a former surface mine for the installation, the PV solar project converted a brownfield into an energy-producing solar farm, creating hundreds of local construction and operations jobs and generating enough clean, renewable solar energy to power 67,500 households in the region.