Management Transitions, Acquisitions, New Contracts and Innovative Solutions - Research Report on Qualcomm, Symmetricom, Tellabs, Harris and Arris
NEW YORK, October 25, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting QUALCOMM Incorporated (NASDAQ: QCOM), Symmetricom Inc. (NASDAQ: SYMM), Tellabs Inc. (NASDAQ: TLAB), Harris Corp. (NYSE: HRS) and Arris Group Inc. (NASDAQ: ARRS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
QUALCOMM Incorporated Research Report
On October 16, 2013, Qualcomm Inc. (Qualcomm) announced the retirement of Steve Altman as Vice Chairman of the Company with effect from January 3, 2014. Qualcomm stated that he will continue to serve as a strategic consultant to the Company. According to Qualcomm, Mr. Altman joined Qualcomm in 1989 and has worked in various positions including General Counsel, President of QTL (Qualcomm's licensing business), President of Qualcomm and, most recently, Vice Chairman. Commenting on Mr. Altman's retirement, Dr. Paul E. Jacobs, Chairman and CEO of Qualcomm said, "He has been a critical part of the executive team, and Qualcomm has benefited greatly from his vision, creativity, dedication and focus." The Company stated that one of his most significant impacts has been as chief architect of Qualcomm's IP licensing strategy, which was a catalyst for both the QTL business and the accelerated worldwide growth of CDMA technology. The Full Research Report on QUALCOMM Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1222_QCOM]
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Symmetricom Inc. Research Report
On October 21, 2013, Symmetricom Inc. (Symmetricom) and Microsemi Corp. (Microsemi) announced that they have entered into a definitive agreement for acquisition of Symmetricom by Microsemi for $7.18 per share through a cash tender offer. Symmetricom stated that its board of directors unanimously recommends Symmetricom's stockholders to tender their shares in the tender offer. The Company informed that the total transaction value is approximately $230 million, net of Symmetricom's projected cash balance at closing. Elizabeth Fetter, Symmetricom's CEO, said, "I believe Microsemi is the ideal company to leverage Symmetricom's technology and capabilities further into the communications market along with the scale to accelerate the adoption of the company's innovative new chip scale atomic clock (CSAC) technology into broader markets." James J. Peterson, Microsemi President and CEO added, "The acquisition of Symmetricom will create the largest and most complete timing portfolio in the industry today, From source to synchronization to distribution, Microsemi will offer an end to end timing solution for an expanded range of markets, driving increased dollar content opportunity and revenue growth."The Full Research Report on Symmetricom Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e1f4_SYMM]
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Tellabs Inc. Research Report
On October 21, 2013, Tellabs Inc. (Tellabs) announced that it has entered a definitive merger agreement with entities affiliated with Marlin Equity Partners. The Company stated that under the terms of the merger agreement, an affiliate of Marlin is required to commence a tender offer to acquire all outstanding shares of Tellabs' outstanding common stock for $2.45 per share in cash latest by November 1, 2013. Tellabs added that immediately after the tender offer closes, any shares not tendered in the tender offer (other than shares for which appraisal is properly sought under applicable law) will be acquired in a second-step merger at the same cash price as paid in the tender offer. Tellabs Chairman, Vince Tobkin, commented, "This transaction will deliver to Tellabs stockholders certainty of value and liquidity, immediately upon closing." The Full Research Report on Tellabs Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2040_TLAB]
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Harris Corp. Research Report
On October 17, 2013, Harris Corp. (Harris) announced that it has been awarded the final phase of a three-phase program which will enable the U.S. Department of Veterans Affairs (VA) to conduct critical services wirelessly. The Company informed that the contract is valued at $60 million over four years, with all options exercised. Wayne Lucernoni, President, Harris IT Services, stated, "Harris will deliver both the right team and responsive program management expertise to successfully build and support 46 more medical sites as part of this large-scale mobility infrastructure." Harris stated that it will design, install and support the wireless infrastructure that provides VA medical centers with voice, video, data, real-time-location-services, and electronic health and other information systems. The Full Research Report on Harris Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/38f3_HRS]
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Arris Group Inc. Research Report
On October 17, 2013, Arris Group Inc. (Arris) together with SeaWell Networks, Inc. announced an integrated advertising solution for multiscreen that integrates SeaWell's Spectrum™ IP session delivery controller technology into the SkyVision™ ad insertion platform by ARRIS. The Company stated that the solution addresses the growing revenue opportunity in multiscreen services, prompted by demand from more than half of global consumers, according to a recent ARRIS study. Neerav Shah, Vice President and General Manager, Multiscreen Video Infrastructure, Cloud Business Solutions, ARRIS said, "This makes SeaWell a perfect complement to our leading portfolio of end-to-end multiscreen and advertising solutions. By integrating Spectrum into our SkyVision platform, ARRIS is not only enabling operators' multiscreen shift to IP, but also offering the most powerful advertising solutions for this next-generation of TV." The Full Research Report on Arris Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f104_ARRS]
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