Merger and Acquisition Activity Still Going Strong in Tech Sector
09 Dezembro 2010 - 2:25PM
Marketwired
In recent months the Technology Sector has become a hotbed of
Merger and Acquisition activity. As companies get larger and
experience diminishing returns in their core business, they are
showing their willingness to utilize their large resource pools to
acquire smaller companies in a race to diversify themselves. Given
the limited opportunities for meaningful acquisitions, the
companies in stronger financial positions, and the willingness to
act, stand to gain the most from such activities. The Bedford
Report examines the outlook for companies in the Semiconductor -
Integrated Circuits Industry and provides research reports on Amkor
Technology, Inc. (NASDAQ: AMKR) and Skyworks Solutions, Inc.
(NASDAQ: SWKS). Access to the full company reports can be found at:
www.bedfordreport.com/2010-12-AMKR
www.bedfordreport.com/2010-12-SWKS
Industry heavyweight Broadcom has been busy this year broadening
its technology portfolio. Last month we learned that the company
will acquire privately-held Gigle Networks Inc. for $75 million.
Broadcom says the acquisition will enable it to design more highly
integrated SoCs, which allow whole-home network coverage in a wide
variety of global deployment scenarios.
Rumors that Amkor Technology will acquire Taiwan's Greatek
Electronics appear to be false, however. Last month Greatek said
local media reports indicating that it will be acquired by Amkor
Technology for $1.08 a share were simply not true.
The Bedford Report releases regular market updates on the
Semiconductor - Integrated Circuits Industry so investors can stay
ahead of the crowd and make the best investment decisions to
maximize their returns. Take a few minutes to register with us for
free at www.bedfordreport.com and get exclusive access to our
numerous analyst reports and industry newsletters.
Last month Amkor said third-quarter earnings fell 4 percent to
$78 million as a result of foreign currency losses and high demand
for less profitable gaming products. The company lost $8 million
because of the appreciation of the Korean won and the resulting
revaluation of Amkor's Korean employee benefits.
Amkor's industry peer Skyworks Solutions earned $46.8 million,
or 25 cents per share, in its fiscal fourth quarter, down from
$58.3 million, or 33 cents per share, a year earlier.
The Bedford Report provides Analyst Research focused on equities
that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
We constantly create research reports and newsletters for our
members. The Bedford Report has not been compensated by any of the
above mentioned companies. We act as an independent research portal
and are aware that all investment entails inherent risks. Please
view the full disclaimer at:
http://www.bedfordreport.com/disclaimer.
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