Archive | January 24, 2012

Apple Reports Record Q1 Results

24 Jan

Apple just reported their Q1 2012 financial results, posting record-breaking revenue of $46.33 billion, with 15.43 million iPads, 37.04 million iPhones and 5.2 million Macs sold. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter. The company posted quarterly net profit of $13.06 billion, or $13.87 per diluted share. iPhone represented a 128 percent unit growth over the year-ago quarter, while iPad reported a 111 percent unit increase over the year-ago quarter.

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Gennum Corp. Acquired by Semtech for $494 million

24 Jan

Semtech Corporation, a supplier of analog and mixed-signal semiconductors, and Gennum Corporation, a supplier of high speed analog and mixed-signal semiconductors for the optical communications and video broadcast markets, have entered into a definitive arrangement agreementfor Semtech to acquire all of the outstanding shares of Gennum for a total consideration of approximately  $494 million.

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