Wednesday, August 5, 2009

Netlogic Microsystems 10Q

Customer revenue concentration for the six months ended June 30, 2009:
  • Cisco and its contract manufacturers: 33%
  • Alcatel Lucent 16%
  • Huawei 9%
Bridge loan to RMI: "In connection with our merger agreement dated May 31, 2009 with RMI Corporation (“RMI”), we provided a bridge loan of $15 million to RMI. Additionally, the merger agreement requires us to pay the merger consideration due to holders of RMI common stock in cash. In addition to an initial merger consideration which is payable at closing, the earn-out portion of the merger consideration, which will payable upon the achievement of revenue targets for a twelve month period following closing, is dependent in part on the average closing price of our common stock as defined in the agreement. We expect to complete the acquisition of RMI during the quarter ended September 30, 2009."