Elcoteq Network Corporation inaugurated a new plant in Bangalore, India April 11, 2005. At the same time, Elcoteq became the first global EMS company to manufacture telecommunications equipment in India. When fully operational, Elcoteq’s Bangalore facility will employ approximately 1,000 people and manufacture products for global customers operating in India as well as the Asia-Pacific region. The construction of the facility was completed in a record time of nine months.
Cadence Completes Acquisition of Verisity
Cadence Design Systems, Inc. announces that it has completed the acquisition of Verisity, Ltd. Under the terms of the agreement, Cadence acquired Verisity in an all-cash transaction for approximately $315 million. Verisity stockholders will receive $12 in cash in exchange for each outstanding share of Verisity stock.
Andrew Corporation Reports $482 Million in Sales and Record Orders of $507 Million
Andrew Corporation reports second quarter sales of $481.8 million, up 8% from $447.1 million in the year ago quarter. Higher sales were primarily due to a 13% increase in sales for Wireless Infrastructure, offset partially by lower sales for Satellite Communications. Orders for the second quarter were a record $507 million, up 14% versus the prior year quarter. The book-to-bill ratio was 1.05, reflecting the highest ratio since the third quarter of fiscal 2002.
Wi-Fi Alliance Expands Wi-Fi Protected Access Certification Program for Enterprise and Government Users
The Wi-Fi Alliance has added four new widely deployed Extensible Authentication Protocol (EAP) types to its Wi-Fi Protected Access-(WPA) and WPA2-Enterprise certification programs. These new EAP types further expand the tested interoperability of Wi-Fi CERTIFIED WPA- and WPA2-Enterprise networking products for enterprise and government deployments. The newly-supported EAP types include EAP-TTLS/MSCHAPv2, PEAPv0/EAP- MSCHAPv2, PEAPv1/EAP-GTC and EAP-SIM, joining the currently tested EAP-TLS. In addition, supplicants and authentication servers from Wi-Fi Alliance member companies Devicescape Software and Meetinghouse join existing products from Funk Software, Inc. and Microsoft Corp. in the test bed for the program.
Richardson Opens New RF/Microwave Office in Nanjing, China
Richardson Electronics announces that it has expanded its market footprint in the Asia Pacific region by opening an RF/Microwave sales office in Nanjing, China. The new office represents Richardson’s continued growth and further investment in the Asia Pacific region. With plans to broaden its market share in line with the growth of its customers, Richardson’s Nanjing office will focus on developing design and application support for custom-made RF products while simultaneously improving upon design, application and testing support for high-power transistors and hybrid models. The company will also expand upon its exclusive tier 1 vendor base design platform.
RF Micro Devices Announces Financial Results
RF Micro Devices, Inc. reports financial results for its fiscal 2005 fourth quarter, which ended March 31, 2005. The company's results were consistent with updated financial guidance provided on April 14, 2005. Revenue for the quarter was $150.4 million, a decrease of 8.0% versus revenue of $163.4 million for the corresponding quarter of fiscal 2004, and a sequential decrease of 11.0% versus revenue of $168.9 million for the quarter ended December 31, 2004. The year-over-year decline in quarterly revenue was primarily the result of lower sales to handset manufacturers in Asia and the decline in the U.S. market for TDMA handsets. The sequential decline in quarterly revenue reflected normal seasonality, partially offset by strength at a tier 1 handset manufacturer in Asia and share gains in the market for EDGE cellular transceivers.
Morpho Technologies Receives Investment in Series C Funding and Announces New CEO
Morpho Technologies announces the first close of its $10 million series C funding round. Current investors, Smart Technology Ventures and BridgeWest LLC, are co-leading this round of investment. This current investment in the company's series C funding round is evidence of the traction the company is gaining in the software defined radio (SDR) market as well as broader acceptance of SDR as a technology platform for next-generation broadband wireless products. John Rayfield has joined Morpho Technologies as CEO. John brings 18 years of electronics and semiconductor experience to the Morpho Technologies team.
Kleiner Perkins and Vinod Khosla Invest Additional $7.5 Million in eASIC Corporation
eASIC® Corporation announces that it has secured $7.5 million in equity financing from Kleiner Perkins Caufield & Byers (KPCB) and Vinod Khosla. As follow-on to the previous investment of $5 Million on May 2004, this additional venture capital funding is a vote of confidence in the company’s breakthrough technology and fast growth. The funding will be used to expand the company’s global operations, including marketing and sales and develop the next generation configurable logic and structured ASIC products in 65 nm.
Fujitsu and SiGe Semiconductor Collaborate to Deliver WiMAX Reference Design for the 3.5 GHz Band
Fujitsu Microelectronics America, Inc. and SiGe Semiconductor, Inc. announce a complete reference design that will provide manufacturers with a production-ready blueprint for the development of WiMAX-capable broadband wireless access systems. The reference design includes all of the software and hardware required to design residential and enterprise customer premise equipment. It is based on the Fujitsu WiMAX-compliant baseband system-on-chip (SoC), the new MB87M3400, and the SE7351L/SE7051L RF transceiver chipset from SiGe Semiconductor. The reference design will be submitted to the WiMAX Forum for certification in 2005.
Mouser Electronics and FCI Sign Global Distribution Agreement, Add Products
Mouser Electronics announces that it has signed a new contract with FCI Electronics, wherein Mouser is named officially as a globally franchised distributor. In addition to the global franchise, Mouser also announced the addition of several of FCI’s innovative and high quality products to the quarterly catalog, including the MEG-Array® Connector System, as well as the Metral high-speed backplane products, with many more products to be added in future catalog editions.