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Intersil Announces Verdict Reached in Sensor Technology Trial

2015-03-07 16:27:21| Semiconductors - Topix.net

Intersil Corporation , a leading provider of innovative power management and precision analog solutions, announced that a jury reached a verdict today on litigation initiated in 2008 by Texas Advanced Optoelectronic Solutions, Inc. (" In response to claims of trade secret misappropriation, breach of contract, tortious interference with a business relationship and patent infringement, the jury awarded in exemplary damages. Although the company appreciates the jury's service, it believes the verdict and magnitude of the award to be erroneous.

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Key Technology Announces Cost Reduction Initiative to Drive a Profitable and Sustainable Business Model

2015-03-02 11:31:08| Industrial Newsroom - All News for Today

WALLA WALLA, Wash.  Key Technology, Inc. (NASDAQ: KTEC), a worldwide leader and full-solutions provider in the design and manufacture of process automation systems, announced today that it has implemented a cost reduction initiative during the second quarter of fiscal 2015 that includes a strategic reduction of...

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xG Technology Announces $1 Million Purchase of Products by Townes Tele-Communications

2015-02-13 11:30:28| Industrial Newsroom - All News for Today

Additional xMax Broadband Deployments Represent Expansion of Existing Relationship between xG and Townes SARASOTA, Fla.  xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a developer of patented wireless communications and spectrum sharing technologies, announces a $1 million purchase agreement...

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Microchip Technology Incorporated Announces Pricing Of $1.5 Billion...

2015-02-06 21:04:32| Electronics - Topix.net

The notes will be unsecured obligations of Microchip, and will be subordinated to Microchip's senior debt, including amounts borrowed under its amended credit facility, but will be senior to Microchip's outstanding 2.125% Junior Subordinated Convertible Debentures due 2037 .i 1 2 The notes will bear interest at a rate of 1.625% per year.i 1 2 Interest will be payable semi-annually in arrears on At Microchip's election, the notes are convertible into cash, shares of Microchip's common stock, or a combination thereof, based on an initial base conversion rate of 14.5654 shares of common stock per principal amount of notes, subject to adjustment in certain circumstances.

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Microchip Technology Announces Proposed $1 Billion Offering Of...

2015-02-05 18:57:24| Semiconductors - Topix.net

Microchip intends to use a substantial portion of the net proceeds from this offering to retire a portion of its outstanding convertible debt concurrently with this offering.i 1 2 Any remaining net proceeds will be used to reduce borrowings under its amended credit facility, which was amended on The notes will be sold to qualified institutional buyers pursuant to Rule 144A under the Act.i 1 2 Neither the notes nor the shares of Microchip's common stock issuable upon conversion of the notes, if any, have been registered under the Act or the securities laws of any other jurisdiction and may not be offered or sold in This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful.

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