Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 304.08

+2.2%

Feb 5 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StanX Long who wrote (63987)	5/24/2002 2:30:19 AM
From: StanX Long	Read Replies (1) of 70976

Microchip to acquire PowerSmart for $54 million Company also raising EEPROM prices as supply tightens EBN May 23, 2002 (10:15 a.m. EST) eet.com Microchip Technology Inc. on Wednesday announced that it has signed a definitive agreement to acquire PowerSmart Inc., a privately held fabless semiconductor company. Microchip will pay approximately $54 million in cash, and will assume a balance sheet with approximately $4 million in cash and other net assets, and assume certain employee stock options. The transaction has been approved by the boards of directors of both companies and is expected to close by June 15, following approval by PowerSmart's stockholders. Headquartered in Shelton, Conn. and with operations in Plano, Texas and Needham, Mass., PowerSmart is a 4-year-old company formed as a spin-off from Duracell with about 40 employees.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next