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A boardroom brawl just resulted in the ouster of Semtech's CEO -- one day after the company reported a big net loss.
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In December 1999, Semtech bought USAR Systems Inc., a maker of embedded devices for handheld and notebook computers, for $26.7 million in stock. [ 18 ] [ 19 ] In March 2012, it bought Gennum Corporation, a supplier of high-speed analog semiconductors, for approximately CA$500 million ( US$494 million). [ 20 ]
The firm once traded on the Toronto Stock Exchange (SEM.A and SEM.B). It was renamed Semi-Tech Corporation in 1994 as it diversified into consumer products. The company had bad bonds and millions of dollars of Canadian shareholders were burned. By late 1999, the company had just $600,000 in cash and unpaid debts of $650 million. [4]
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WCMH-TV (channel 4) is a television station in Columbus, Ohio, United States, affiliated with NBC and owned by Nexstar Media Group.The station's studios are located on Olentangy River Road near the Ohio State University campus, and its transmitter is located on Twin Rivers Drive, west of downtown Columbus.
Bank of America analyst Vivek Arya reiterated his Buy rating on the stock with a price target of $190 a share in a note to clients on Tuesday, noting that "cloud capex intentions remain solid."