Showing posts with label Exar. Show all posts
Showing posts with label Exar. Show all posts
Thursday, June 18, 2009
Exar Corporation Closes Galazar Networks Acquisition
FREMONT, Calif., June 17 /PRNewswire-FirstCall/ -- Exar Corporation (Nasdaq: EXAR) announced today the completion of the acquisition of Galazar Networks Inc., a fabless semiconductor company based in Ottawa, Canada. Galazar Networks has a broad set of silicon and software products targeting the rapidly emerging packet-based telecom infrastructure. They offer a variety of solutions for transporting Ethernet and TDM traffic over SONET/SDH, PDH, and OTN networks. Galazar Networks will be a wholly-owned subsidiary of Exar.
Friday, June 12, 2009
Exar 10K
Fiscal 2009 revenue by product line:
Wafer foundry: "Chartered Semiconductor Manufacturing Ltd. manufactures the majority of the CMOS wafers from which our communications and UART products are produced. Episil Technologies, Inc. and Silan manufacture the majority of CMOS and bipolar wafers from which our power and serial products are produced. High Voltage BiCMOS power products are supplied by Polar Semiconductor and Jazz Semiconductor."
Patent foundation: "We have 175 patents issued and 38 patent applications pending in the United States. We have 42 patents issued and 122 patent applications pending in various foreign countries."
Employees: "As of March 29, 2009, we employed 368 full-time employees, with 141 in research and development, 85 in operations, 88 in marketing and sales and 54 in administration. Of the 368 employees, 84 are located in our international offices. With the acquisition of Hifn, we added 158 employees, of which 73 are in China."
- Datacom: $27.8M
- Interface: $63.0M
- Power Management: $24.2M
Wafer foundry: "Chartered Semiconductor Manufacturing Ltd. manufactures the majority of the CMOS wafers from which our communications and UART products are produced. Episil Technologies, Inc. and Silan manufacture the majority of CMOS and bipolar wafers from which our power and serial products are produced. High Voltage BiCMOS power products are supplied by Polar Semiconductor and Jazz Semiconductor."
Patent foundation: "We have 175 patents issued and 38 patent applications pending in the United States. We have 42 patents issued and 122 patent applications pending in various foreign countries."
Employees: "As of March 29, 2009, we employed 368 full-time employees, with 141 in research and development, 85 in operations, 88 in marketing and sales and 54 in administration. Of the 368 employees, 84 are located in our international offices. With the acquisition of Hifn, we added 158 employees, of which 73 are in China."
Friday, June 5, 2009
Exar Corporation to Acquire Galazar Networks
FREMONT, Calif., and OTTAWA, June 5 /PRNewswire-FirstCall/ -- Exar Corporation (NASDAQ: EXAR) and Galazar Networks Inc., announced today that they have signed a definitive agreement under which Exar will acquire Galazar Networks - a privately held company based in Canada. Terms of the agreement were not disclosed.
Saturday, April 4, 2009
Exar Corporation Closes Hifn Acquisition
FREMONT, Calif., April 3 /PRNewswire-FirstCall/ -- Exar Corporation (Nasdaq: EXAR) announced today that it has closed the previously announced acquisition of hi/fn, inc. ("Hifn"), effective April 3, 2009. Al Sisto, the former chief executive officer and chairman of the board of directors of Hifn, has joined Exar's board of directors. It is expected that Hifn's personnel and operations will be relocated during the second calendar quarter of 2009.
Monday, February 23, 2009
EXAR TO ACQUIRE HIFN, INC.
Fremont, California, and Los Gatos, California, February 23, 2009 - Exar Corporation (NASDAQ: EXAR) and Hifn, Inc. (NASDAQ: HIFN) announced today that they have signed a definitive agreement under which Exar will acquire Hifn. Under the terms of the agreement, which was unanimously approved by the board of directors of each company, Exar will acquire all of the outstanding shares of Hifn common stock pursuant to an exchange offer, followed by a second step merger. In the exchange offer, Hifn stockholders will be able to elect to receive either (i) 0.3529 shares of Exar common stock and $1.60 in cash; or (ii) $4.00 in cash. The exchange offer is subject to customary closing conditions, including the tender in the exchange offer by Hifn stockholders of shares representing at least a majority of the outstanding shares of Hifn common stock on a fully diluted basis, and is anticipated to close early in the second calendar quarter of 2009. Al Sisto, chief executive officer and chairman of the board of directors of Hifn, will join the board of directors of Exar Corporation.
"We believe we can achieve our strategic and financial objectives more quickly with the Hifn acquisition," said Pete Rodriguez, Exar's president and chief executive officer. "The two companies have developed complementary technologies and share a common vision to deliver connectivity and storage solutions that are not only fast, but also efficient and secure. We are delighted to welcome the Hifn team to Exar," stated Mr. Rodriguez. "Our combined focus will enable us to realize expanded revenue and market share, aggressively pursue emerging markets, as well as increase overall gross margin."
"As a developer of analog and mixed-signal semiconductor technology, Exar has focused on creating solutions for high speed connectivity and managing data between computers, over networks and across broadband telecom systems," said Paul Pickering, Exar senior vice president of marketing. "For more than a decade, Hifn has been a pioneer in creating advanced technologies that secure and compress data flowing over networks and residing on storage systems. Hifn's semiconductor and software solutions work hand in hand with various high speed connections to ensure optimized performance. We expect to advance our strategic relationship with shared top tier customers including Cisco Systems, Huawei Technologies, HP and Alcatel-Lucent."
"I am very excited about the compelling synergies of the two companies," said Albert Sisto, chairman and chief executive officer of Hifn. "Hifn's strong experience in applied processors, cards and software that deliver solutions for continuous data protection and capacity optimization for the storage and networking markets together with Exar's, will provide the expertise to offer highly integrated system solutions with complete software support. I also believe Hifn's acquisition by Exar creates unique added value and is a great opportunity for our customers, employees and shareholders."
In addition to the complementary skills and experience of Hifn's engineering organization, Exar will acquire valuable intellectual property related to Ethernet, embedded processors, network security, compression, deduplication, RAID, packet processing architecture and SoC design methodology.
"We believe we can achieve our strategic and financial objectives more quickly with the Hifn acquisition," said Pete Rodriguez, Exar's president and chief executive officer. "The two companies have developed complementary technologies and share a common vision to deliver connectivity and storage solutions that are not only fast, but also efficient and secure. We are delighted to welcome the Hifn team to Exar," stated Mr. Rodriguez. "Our combined focus will enable us to realize expanded revenue and market share, aggressively pursue emerging markets, as well as increase overall gross margin."
"As a developer of analog and mixed-signal semiconductor technology, Exar has focused on creating solutions for high speed connectivity and managing data between computers, over networks and across broadband telecom systems," said Paul Pickering, Exar senior vice president of marketing. "For more than a decade, Hifn has been a pioneer in creating advanced technologies that secure and compress data flowing over networks and residing on storage systems. Hifn's semiconductor and software solutions work hand in hand with various high speed connections to ensure optimized performance. We expect to advance our strategic relationship with shared top tier customers including Cisco Systems, Huawei Technologies, HP and Alcatel-Lucent."
"I am very excited about the compelling synergies of the two companies," said Albert Sisto, chairman and chief executive officer of Hifn. "Hifn's strong experience in applied processors, cards and software that deliver solutions for continuous data protection and capacity optimization for the storage and networking markets together with Exar's, will provide the expertise to offer highly integrated system solutions with complete software support. I also believe Hifn's acquisition by Exar creates unique added value and is a great opportunity for our customers, employees and shareholders."
In addition to the complementary skills and experience of Hifn's engineering organization, Exar will acquire valuable intellectual property related to Ethernet, embedded processors, network security, compression, deduplication, RAID, packet processing architecture and SoC design methodology.
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