Methode Reports Q2 FY 2011 Results

CHICAGO — Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced financial results for the Fiscal 2011 second quarter ended October 30, 2010. Methode's second-quarter Fiscal 2011 net sales increased $8.1 million, or 8.2 percent, to $106.6 million from $98.5 million in the second quarter…

SemiLEDs Announces IPO Price

HSINCHU, Taiwan — SemiLEDs Corporation (“SemiLEDs” or the “Company”) (NASDAQ: LEDS), a developer and manufacturer of LED chips and LED components, announced today the pricing of its initial public offering of 5,250,000 shares of its common stock, at $17.00 per share. All shares are being sold by the Company. SemiLEDs has granted the underwriters a…

The Ghost of Options Past

Remember stock options? Those perks that made millionaires out of rank-and-file employees? Whatever happened to those things anyway? I haven't thought about stock options in years, although they fueled lots of debate in the high-tech industry as recently as 2005. A press release issued Wednesday by {complink 4863|Semtech Corp.} reminded me what all the fuss…

Kemet Announces Secondary Offering

GREENVILLE, S.C. — KEMET Corporation (NYSE: KEM) (the “Company”) today announced a proposed secondary offering of 8.7 million shares of its common stock. The shares to be offered are subject to issuance upon exercise of a currently outstanding and exercisable warrant (the “Warrant”) held by the selling securityholder, K Equity, LLC (“K Equity”), an affiliate…

Seagate Announces Share Repurchase

SCOTTS VALLEY, Calif. — Seagate Technology plc (NASDAQ: STX) today announced its board of directors terminated discussions with private equity firms regarding a going private transaction, principally because it determined that the indications of the valuation range were not in the best interest of the company and its shareholders. As previously announced by Seagate on…

Renesas Mobile Launches

TOKYO — Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced that Renesas Mobile Corporation, which engages in SoC business mainly for mobile devices and car navigation systems, started operation on December 1, 2010. Renesas Electronics also announced that it has completed the purchase of the wireless modem business of Nokia…

Motorola to Complete Separation on Jan. 4

SCHAUMBURG, Ill. — Motorola, Inc. (NYSE: MOT) today announced that its board of directors has approved the separation of Motorola Mobility Holdings, Inc. (“Motorola Mobility”) from Motorola, Inc. through a tax-free dividend involving the distribution of all Motorola Mobility common stock held by Motorola to Motorola stockholders and has also approved a reverse stock split…