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Industry News

GigOptix renews interest in acquiring GSI Technology

GigOptix Inc. a leading supplier of advanced high speed semiconductor components for use in long-haul, metro, Cloud connectivity, data centers, consumer electronics links and interactive applications, through optical and wireless communications networks, announced that it had sent a letter to the board of directors of GSI Technology, Inc. renewing GigOptix’ proposal to acquire all of the outstanding shares of GSI Technology’s common stock for an aggregate consideration equal to $6.50 per share.


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Spending on military communications to exceed $35 billion by 2024

Strategy Analytics defense research has just completed a comprehensive analysis of the military communications sector, looking at radios, communications satellites, VSAT terminals, datalinks, networks and other systems. Trends driving spending on the military communications sector will be underpinned by network-centric IP-based communications that will translate to spending on global military communications systems growing to over $35.3 billion in 2024, representing a CAGR of 3.4%.


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Harris completes acquisition of Exelis

Harris Corp. completed its previously announced acquisition of Exelis Inc. Each outstanding share of Exelis common stock converted into the right to receive $16.625 in cash and 0.1025 of a share of Harris common stock. Harris shareholders own 85 percent of the combined company and Exelis shareholders own 15 percent.


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