news digest ♦ compound semiconductor ♦ financial news
Not long after the company was formed in 1985, it started manufacturing 3-inch GaAs wafers for use in radio frequency integrated circuits (RFICs) designed for military applications, direct satellite broadcasting and the cable television market. In 1993, Anadigics became the first GaAs IC manufacturer to achieve ISO certification (ISO9001) and became a publicly traded company on the NASDAQ stock market (as ANAD) two years later.
In 1997, the firm produced the first commercial dual-band, dual-model GaAs power amplifier for the cellular and PCS market. The year 1999 was particularly good for Anadigics, with the launch of the world’s first 6-inch analog GaAs wafer fab in its HQ, Warren, New Jersey. The company also developed the first InGaP HBT on 6-inch GaAs for use in cellular phones. Further development of HBTs were recognized in 2004 with the development of “InGaP- Plus”, claimed to be the world’s first ‘low-cost’ Gallium Arsenide-based BiFET (Bipolar Field Effect Transistor) process that monolithically integrates two types of transistors on the same chipset. This development was said to enable high volume production of commercial Monolithic Microwave Integrated Circuits (MMICs) at a minimum cost.
Financial news RFMD to net the cash by year end
At the ‘Investors at Barclays Capital Global Communications, Media & Technology Conference,’ RFMD revised its guidance and said it expects to achieve a positive net cash position in 2010.
RF Micro Devices provided updated financial information to investors during a webcast presentation at the Barclays Capital Global
110
www.compoundsemiconductor.net June 2010
Communications, Media & Technology Conference in New York, NY.
Bob Bruggeworth, President and CEO of RFMD, said during the presentation that RFMD is enjoying a favorable demand environment and is continuing to execute successfully on key strategic initiatives, including product leadership, diversification and operational excellence.
As a result, the company is currently comfortable with consensus estimates for RFMD’s FYQ1 2011 ending July 3, 2010, relating to revenue and non-GAAP net income per diluted share.
Shareholders Approve All Resolutions at AIXTRON 2010 AGM
Shareholders of AIXTRON AG voted strongly in favor of the resolutions presented by the Executive Board and the Supervisory Board.
The following resolutions were approved at AIXTRON’s 13th Annual General Meeting:
* Dividend payment of 15 Euro-Cent per share for fiscal year 2009 * Approval of the activities of the members of the Executive Board and of the Supervisory Board during fiscal year 2009 * Approval of the system for remuneration of the members of the Executive Board * Election of the auditors and the Group auditors for fiscal year 2010 * Authorization to purchase and use own shares and to exclude pre-emptive rights * Amendments of the Articles of Association in accordance with the Act on the Implementation of the Shareholders’ Rights Directive (ARUG) * Conversion of AIXTRON Aktiengesellschaft, Herzogenrath, into a European Company (Societas Europaea, SE)
All resolutions were accepted by at least 94.6 % of the votes cast at the meeting. About
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