CEVA, Inc. (NASDAQ:CEVA) announced its financial results for the fourth quarter and year ended December 31, 2011. Total revenue for the fourth quarter of 2011 was $16.0 million, which represents an increase of 22% compared to $13.0 million reported for the fourth quarter of 2010. Fourth quarter 2011 licensing revenue was $4.7 million, a 2% increase when compared to $4.6 million reported for the fourth quarter of 2010. Royalty revenue for the fourth quarter of 2011 was a record $10.2 million, an increase of 36% compared to $7.5 million reported for the fourth quarter of 2010. Revenue from services for the fourth quarter of 2011 was $1.1 million, an increase of 19% compared to $0.9 million reported for the fourth quarter of 2010.
CEVA, Inc., together with its subsidiaries, engages in designing and licensing silicon intellectual property (SIP) for the handsets, portable multimedia, and consumer electronics markets primarily in Europe, the Middle East, and the Asia Pacific.
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Majestic Gold Corp. (MJGCF.PK)
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
Majestic Gold Corp. has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.
The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (”Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.
The lender is at arm’s length from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.
As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.
In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.
Gold is used in many spaces in the standard desktop or laptop computer. The rapid and accurate transmission of digital information through the computer and from one part to another requires an efficient and reliable conductor. Gold meets these requirements better than any other metal. The importance of high class and reliable performance justifies the high cost.
For more information, please visit their website: http://www.majesticgold.net
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Lattice Semiconductor Corporation (NASDAQ:LSCC) and Weikeng Industrial Co., Ltd. announced they have signed an expanded distribution agreement. Under the terms of the agreement, Weikeng Technology Pte Ltd. is authorized to sell Lattice’s complete portfolio of innovative low power, low cost FPGA, PLD and programmable power management solutions across southeast Asia (Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam) and India.
Lattice Semiconductor Corporation designs, develops, manufactures, and markets programmable logic products and related software.
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Parametric Technology Corporation (Nasdaq:PMTC) reported results for its first fiscal quarter ended December 31, 2011. PTC also announced an organizational realignment and restructuring to drive long-term growth and enhanced profitability. Q1 Results: Non-GAAP revenue of $319.8 million, up 20% year over year, and non-GAAP EPS of $0.35, GAAP revenue of $318.3 million and GAAP EPS of $0.18, Revenue contribution from MKS (acquired on May 31, 2011) and 4CS Solutions (acquired on September 2, 2011) was $20 million on a non-GAAP basis and $18.5 million on a GAAP basis.
Parametric Technology Corporation develops, markets, and supports product lifecycle management (PLM) software solutions and services that help companies design products, manage product information, and enhance product development processes worldwide.
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