Notable M&A Activity
Capital Markets
ARM
closed the acquisition of semiconductor EDA
tool company
Duolog
Google
acquired video game broadcasting
company
Twitch
for $1.0 billion
Audience
acquired
Sensor Platforms
for $41.0
million in cash
Oracle
to acquire
Micros
for $5.3 billion
Avago
acquires PLX Technology
for $309.0
million in cash
TE Connectivity
to acquire
Measurement
Specialties
for $1.4 billion
Cisco
acquired
Tail-F Systems
for $175.0 million
Industry News
Source: Public Filings; Industry Newswires and Capital IQ as of 7/29/14
Industry News
Samsung
is in talks to acquire Internet of Things startup
Smart Things
of Washington, DC for $200.0 million.
The NFL uses Internet of Things with RFID.
The WSJ
reports that the NFL will place RFID chips inside player’s shoulder
pads so that coaches and fans can get real-time stats during game play.
Broadcom
announced that it will layoff 2,500 workers
and exit the cellular baseband market
, for which it could not find a
buyer. The layoffs represent about 20% of the company’s workforce. Sales of WiFi and Bluetooth chips at Broadcom
continue to grow.
Freescale
announced 2
nd
quarter sales of $1.19 billion, up from $1.04 billion in 2Q13. CEO Gregg Lowe noted that 45% of
Freescale’s revenues come from the
automotive
market.
Google’s NEST division
(acquired for $3.2 billion) is promoting a low-power mesh networking protocol called Thread.
Industry leaders including ARM, Freescale, and Samsung are supporting the protocol, which is an implementation of
6LoWPAN, and complementary to WiFi.
Semiconductors Index:
NasdaqGS:INTC, NasdaqGS:QCOM, NasdaqGS:TXN, NasdaqGS:BRCM, ENXTPA:STM
Defense Electronics Index:
NYSE:LMT, NYSE:BA, NYSE:RTN, NYSE:LLL, NYSE:CW
EDS and Contract Manufacturers Index:
NasdaqGS:FLEX, NYSE:JBL, TSX:CLS, SEHK:2038, NasdaqGS:SANM
Large Cap Software Index:
NasdaqGS:CA, NYSE:ORCL, NasdaqGS:ADSK, NasdaqGS:NTAP, NYSE:VMW
Mid/Small Cap Software Index:
NasdaqGM:GUID, NasdaqGM:MSTR, NYSE:SWI, NYSE:DATA
Electronics Equipment Index:
NasdaqGS:AAPL, NYSE:GE, NasdaqGS:CSCO, NYSE:SLB, NYSE:DHR
EDA & Semiconductor IP Index :
NasdaqGS:CEVA, NasdaqGS:SNPS, NasdaqGS:MENT, NasdaqGS:MENT, LSE:ARM
% Change
1 Week 4 Weeks YTD
Semiconductors Index
(4.4%)
1.6% 15.5%
Defense Electronics Index
(3.5%)
(1.2%)
(1.3%)
EDS and Contract Manufacturers Index
(3.0%)
(5.6%)
21.7%
Large Cap Software Index
1.0%
(0.0%)
5.1%
Mid/Small Cap Software Index
4.2%
(0.6%)
(3.2%)
Electronics Equipment Index
1.0% 1.0% 12.2%
EDA & Semiconductor IP Index:
(3.6%)
(5.6%)
(14.0%)
S&P 500
(0.7%)
(0.2%)
6.6%
