On Friday, Maxim Integrated Products Inc. (NASDAQ:MXIM)’s shares inclined 0.21% to $34.09.
Maxim Integrated Products Inc. (MXIM) stated net revenue of $577 million for its third quarter of fiscal 2015 ended March 28, 2015, a 2% enhance from the $567 million revenue recorded in the preceding quarter, and a 5% decrease from the same quarter of last year.
Fiscal Year 2015 Third Quarter Results
Based on Generally Accepted Accounting Principles (GAAP), diluted earnings per share in the March quarter was $0.28. The results were affected by pre-tax special items which primarily comprised of $23 million in charges related to acquisitions and $17 million in charges related to restructuring activities. GAAP earnings per share, not taking into account special items was $0.40. An analysis of GAAP as compared to GAAP not taking into account special items is offered in the last table of this press release.
Maxim Integrated Products, Inc. designs, develops, manufactures, and markets various linear and mixed-signal integrated circuits worldwide. The company also provides a range of high-frequency process technologies and capabilities for use in custom designs. It primarily serves automotive, communications and data center, computing, consumer, and industrial markets.
Danaher Corporation (NYSE:DHR)’s shares gained 0.10% to $85.89.
Danaher Corporation (DHR) plans to absorb Pall and split off part of the business later
Concurrent with the Pall (PLL) declarement, Danaher (DHL) declared plans to split into two companies—a science and technology company with fast growth, and an industrial company with strong free cash flow.
The existing Danaher (counting Pall) will have revenues of about $16.5 billion, while the yet-to-be named industrial company will have revenues of about $6 billion. The new company will comprise Danaher’s Test and Measurement Instruments and its Specialty Industrial businesses.
Danaher anticipates to complete the split-off at the end of 2016. The split-off will be subject to a tax-free ruling, financing, and board approval.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company’s Test & Measurement segment provides test, measurement, and monitoring products that are used in electronic design, manufacturing, and technology development; hardware and software solutions to deploy, manage, and secure communication network technologies and services; and tools, toolboxes, and automotive maintenance equipment.
At the end of Friday’s trade, Pixelworks, Inc. (NASDAQ:PXLW)‘s shares surged 12.13% to $7.12.
Pixelworks, Inc. (PXLW) declared that the new ASUS Hero ZenPad is the world’s first tablet to incorporate Pixelworks’ True Clarity display enhancements. The Hero ZenPad features ASUS’ Tru2Life display technology delivering a full, rich mobile user experience. Pixelworks’ True Clarity powers the display, offering raised realism and enabling the display to perform its full potential. By taking advantage of this and other True Clarity enhancements, the Hero ZenPad makes the most of its crisp 2048×1536 pixel screen. With the introduction of this product, ASUS has set a new industry benchmark for clarity, sharpness, and usability for next-generation mobile displays.
Presently, higher resolution mobile screens without video processing make judder, motion blur, and other annoying visual artifacts more visible, leading to potential eyestrain and viewing fatigue. Without display processing technology to make the most of the picture quality on these smaller, high-resolution screens, the mobile viewing experience will continue to fall short of optimal performance.
Pixelworks, Inc. designs, develops, and markets video and pixel processing semiconductors, intellectual property cores, software, and custom ASIC solutions for digital video applications. Its products allow manufacturers and developers of digital display and projection devices to manufacture screens of various sizes that display the highest video quality with minimum power consumption.
Callon Petroleum Company (NYSE:CPE), ended its Friday’s trading session with 4.60% gain, and closed at $8.19.
Callon Petroleum Company (CPE) declared that it has declared a cash dividend of $1.25 per share on its 10.0% Series A Cumulative Preferred Stock (“Series A Preferred Stock”). The dividend will be paid on June 30, 2015 to stockholders of record as of June 15, 2015. The Series A Preferred Stock is presently listed on the New York Stock Exchange under the symbol “CPE.A.”
Callon is an independent energy company focused on the acquisition, development, exploration and operation of oil and gas properties in the Permian Basin in West Texas.
Callon Petroleum Company engages in the exploration, development, acquisition, and production of oil and natural gas properties in the Permian Basin in West Texas. As of December 31, 2014, its estimated net proved reserves totaled 32.8 million barrel of oil equivalent, counting 25.7 million barrels of oil and 42.5 billion cubic feet of natural gas.
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