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Slide #53. Micrel, Inc — Discera, Inc.
Micrel, Inc (MCRL)
Micrel, Inc. (Nasdaq:MCRL), an industry leader in high performance linear and power solutions, LAN and timing and communications solutions, today announced it has signed a definitive agreement to acquire the business of Discera Inc., a leading provider of silicon timing solutions. The acquisition is intended to complement Micrel's high performance clock and timing products, as well as expand its MEMS (micro-electrical mechanical systems) capabilities. The transaction is expected to close in September of 2013. Micrel expects the acquisition will be slightly dilutive in 2013 and neutral to slightly accretive in 2014 on a GAAP basis.
Micrel designs, develops, manufactures and markets a range of analog power integrated circuits (ICs), mixed-signal ICs and digital ICs. These products address end markets including cellular handsets, portable computing, enterprise and home networking, wide area and metropolitan area networks, digital televisions and industrial equipment. Co. also provides custom and foundry services which include silicon wafer fabrication, IC assembly and testing. Co.'s wafer foundry services are provided to a range of customers that produce electronic systems for communications, consumer, automotive and military applications.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
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