Ansoft Corporation Amends Stock Repurchase Program
Ansoft Corporation announces that its Board of Directors voted to amend its existing common stock repurchase program to permit the Company to acquire an additional 1,000,000 shares of its common stock. Under the original program approved in 1998 and amended in 2002 and 2004, the Company has purchased approximately 2,800,000 of the 3,000,000 shares authorized for repurchase. The repurchases may be made, from time to time, in the open market or in privately negotiated transactions and are subject to price and market considerations and applicable securities laws. The extent and timing of repurchases will be at the discretion of management and will depend upon general business and market conditions, stock prices and the Company's cash position and requirements going forward.
LG Electronics Selects OmniVision As Strategic Supplier
OmniVision Technologies, Inc. announces a strategic relationship with LG Electronics to be the preferred supplier for its fast growing camera phone business. In order to support the number one CDMA phone supplier, OmniVision will expand its Korean operations by hiring additional staff and working with its module partners to ensure capacity for 2006. OmniVision expects to supply camera chips for over 50 percent of LG’s camera phone shipments this year.
WJ Communications Selects Global Communication Semiconductors, Inc. as Additional Foundry Provider
WJ Communications announces that it has entered into a second-source strategic foundry arrangement with Global Communication Semiconductors, Inc. (GCS). GCS will second-source WJ's product portfolio with foundry service for GaAs and InGaP HBT wafers under the terms of its agreement.
Ansoft Corporation Board of Directors Approve 2-for-1 Stock Split
Ansoft Corporation announces that its Board of Directors approved a 2-for-1 stock split in the form of a 100% stock dividend subject to the Company's stockholders voting in favor of a proposal to increase the authorized common stock of the Company by 25 million shares to 50 million shares. If the share increase is approved, holders of record on the close of business on May 2, 2006 would be entitled to receive on or about May 9, 2006 one additional share for each share held on May 2, 2006.
CoWare's Latest Software Release Aligns Strategic Technologies into Cohesive, Platform-driven ESL Design Environment
CoWare® Inc. has aligned the strategic technologies it has developed and acquired into a new set of solutions for platform-driven ESL design. Platform-driven design is the major design trend in the electronics industry as system-on-chip (SoC) developers shift focus from individual products to product platforms that define a basic architecture used to derive multiple products over a period of time. With its native backbone of SystemC technology, CoWare has aligned its three product families into one product line that enables three key solutions for collaborative platform-driven ESL design: SoC platform capture and architecture exploration, custom processor design, and algorithm design.
SUSS MicroTec and Instrument Systems Announce Alliance
SUSS MicroTec and Instrument Systems announced their partnership today for developing a next-generation, high-throughput test system for LED devices at wafer level. It will enable manufacturers to test up to 70,000 LED dies per hour. The demand for LED devices is growing exponentially as the devices replace older technologies in everyday applications. This means that time-to-market and production costs for an LED device are critical for the manufacturer. In order to achieve cost-effective production, manufacturers are increasingly using on-wafer testing to prevent the packaging of bad devices - a costly error. Additionally, speed is critical for meeting the demands of the consumer on time. The new test system from SUSS MicroTec and Instrument Systems is being designed to meet these demands from LED manufacturers. "We did not simply combine the fastest spectroradiometric LED measurement equipment with the industry's leading high-speed probe system.
WJ Communications Announces Fourth Quarter and Fiscal Year 2005 Results
WJ Communications, Inc. announces its results for its fourth quarter and fiscal year ended December 31, 2005. Revenue for the fourth quarter of 2005 was $11.7 million up 45% sequentially from $8.1 million in the prior quarter, and above the previously raised fourth quarter guidance range of $10.0 to $10.5 million. Fourth quarter revenue is up 48% from $7.9 million in the same period last year, which consisted of $7.7 million from the core business and $0.2 million from the legacy wireless assembly business. Legacy business contribution in the fourth quarter of 2005 was negligible.
Mouser Electronics to Carry Full Line of BI Technologies’ Products
Component manufacturer BI Technologies has added Mouser Electronics to its list of authorized distributors. Mouser will carry the full line of BI Technologies components including fixed resistors, microcircuits and modules, trimmers, potentiometers, position sensors, power resistors and magnetics.
Cirrus Logic and Digi-Key Announce Global Distribution Agreement
Cirrus Logic Inc. and Digi-Key Corporation announce the signing of a global distribution agreement. Cirrus Logic’s products will be featured in Digi-Key’s print and online catalogs and will be available for purchase directly from Digi-Key. This new distribution agreement with Cirrus Logic will allow Digi-Key to fulfill the design as well as the production needs of its customers worldwide.
CEVA Expands Global Presence
CEVA, Inc. announces the opening of a new sales and support office in Shanghai, China. This new facility will provide local support to CEVA’s growing numbers of customers in China and target new business development for CEVA in the region.
MathStar, Inc. Announces Fourth Quarter and Full Year Financial Results
MathStar, Inc. announces results for the quarter and year ended December 31, 2005. For the fourth quarter of 2005, the company’s revenues were $80,000 compared to $30,000 for the same quarter last year. Research and development costs for the quarter ended December 31, 2005 were $2.4 million compared to $1.7 million for the same quarter last year. The increase of $700,000 was primarily the result of increased payroll and contract engineering costs. Selling, general and administrative costs were $2.2 million compared to $900,000 for the same quarter last year. The increase of $1.3 million was primarily the result of increased payroll costs of about $800,000, of which approximately $500,000 was the non-cash expense associated with restricted stock awards and employee options, and increased costs associated with being a public company of approximately $500,000. This includes legal, outside audit costs, insurance, printing and transfer agent costs.