Proposed Debt Offerings, Financial Outlook Updates, Asset Purchase Agreements, and Successful MNVR Demonstrations - Analyst Notes on Baidu, Skyworks, Vodafone, Avago and Harris
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NEW YORK, June 6, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Baidu, Inc. (NASDAQ: BIDU), Skyworks Solutions, Inc. (NASDAQ: SWKS), Vodafone Group Plc (NASDAQ: VOD), Avago Technologies Ltd (NASDAQ: AVGO) and Harris Corporation (NYSE: HRS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3414-100free.
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Baidu, Inc. Analyst Notes
On June 3, 2014, Baidu, Inc. (Baidu) announced that it has filed a preliminary prospectus supplement with the US Securities and Exchange Commission (SEC) , pursuant to which Baidu proposes to sell senior notes. The Company intends to use the net proceeds from this offering for general corporate purposes. The full analyst notes on Baidu are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/BIDU/report.pdf
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Skyworks Solutions, Inc. Analyst Notes
On June 3, 2014, Skyworks Solutions, Inc. (Skyworks) updated its financial outlook for Q3 FY 2014, and now expects current quarter revenue of $570 million, representing a growth of 19% QoQ and 31% YoY. The Company also expects to deliver $0.80 of non-GAAP diluted earnings per share, up 29% QoQ and 48% YoY. Previously, the Company had expected $535 million in revenues and $0.73 of non-GAAP diluted earnings per share on April 22, 2014, as part of its Q2 FY 2014 financial results release. David J. Aldrich, Chairman and CEO of Skyworks explained, "As our upwardly revised outlook reflects, Skyworks is capitalizing on the growing opportunity within the Internet of Things as well as increasing analog complexity associated with higher data rate connectivity standards, both of which are enabling us to substantially outpace the growth of the broader semiconductor market." The full analyst notes on Skyworks are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/SWKS/report.pdf
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Vodafone Group Plc Analyst Notes
On June 3, 2014, Vodafone Group Plc (Vodafone) announced a new Partner Market agreement together with Rogers Communications (Rogers). Under the non-equity agreement, Rogers becomes the Company's exclusive partner in the state, and will explore new business opportunities and offer customers a range of products and service, including 4G roaming services. Both companies mutually benefit from the set-up. While multinational customers of Vodafone Global Enterprise benefit from the addition of Canada to their existing contracts for international managed services, Rogers is able to draw on Vodafone's expertise in building and developing 4G mobile broadband networks, working with leading global equipment providers. Commenting on the agreement, Vittorio Cola, Chief Executive, Vodafone, said, "We are delighted that Rogers has joined our successful Partner Markets community. Canada is an important market as we continuously expand our roaming capabilities across North America." The full analyst notes on Vodafone are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/VOD/report.pdf
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Avago Technologies Ltd Analyst Notes
On May 29, 2014, Avago Technologies Ltd (Avago) entered into a definitive asset purchase agreement with Seagate Technology plc (Seagate), via which Seagate will acquire from Avago the assets of LSI's Accelerated Solutions Division (ASD) and Flash Components Division (FCD) for $450 million in cash. According to the Company, the acquisition strengthens Seagate's strategy to deliver a full suite of storage solutions. LSI's ASD business - which is the second largest player in the PCIe flash space, offers a highly differentiated enterprise-grade PCIe flash solution focused on the high-growth cloud and hyperscale markets, while its FCD business, led by its SandForce SF2000 and SF3700 controller products, is driving a multi-product roadmap to address volume markets. Steve Luczo, Seagate chairman and CEO, said, "This acquisition immediately boosts Seagate's range and depth of flash storage capabilities today, and these teams bring to Seagate the expertise to accelerate our roadmap in this important and growing market." Avago expects the transaction to close in Q3 2014, subject to customary closing conditions. The full analyst notes on Avago are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/AVGO/report.pdf
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Harris Corporation Analyst Notes
On May 27, 2014, Harris Corporation (Harris) announced that the Company's tactical radio systems successfully connected soldiers on the move with their command headquarters during the initial demonstration of the U.S. Army's new Mid-Tier Networking Vehicular Radio (MNVR) program. According to the Company, the MNVR program is designed to seamlessly connect vehicular-based soldiers to the Army tactical network, and can also extend Warfighter Information Network-Tactical (WIN-T) services into the terrestrial network, providing enhanced throughput and range for communication requirements at the tactical edge. George Helm, President, Department of Defense Business, Harris RF Communications, said, "This successful demonstration represents a very important step for the Army in fielding a critical mid-tier solution that will enhance the robustness of the tactical network." The Company informed that the soldiers used Harris Falcon III® AN/VRC-118 MNVR solution, operating the JTRS Wideband Networking Waveform (WNW), to provide wireless enterprise services including email, tactical chat and rapid file downloads. The full analyst notes on Harris are available to download free of charge at:
http://www.analystsreview.com/Jun-06-2014/HRS/report.pdf
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