Thursday, August 20, 2009

Microsemi 8K - Microsemi Announces Settlement of DOJ Suit

IRVINE, Calif. August 20, 2009 — (GlobeNewswire) — Microsemi Corporation (NASDAQ: MSCC ) , a leading manufacturer of high performance analog mixed-signal integrated circuits and high reliability semiconductors, announced today that is has sold the assets of Semicoa to a third party. In connection with this sale, the United States Department of Justice has settled its civil action against Microsemi. Microsemi’s settlement with the Department of Justice is subject to final approval under procedures set out by federal law.

The results of this transaction will not have a material impact on Microsemi’s current quarterly results, and Microsemi is currently making no changes to its revenue or earnings guidance for the September quarter. Microsemi will provide additional details of the sale when it releases its September quarter and year-end results.