Integrated Device Technology, Inc. (NASDAQ:IDTI), the Analog and Digital Company™ delivering essential mixed-signal semiconductor solutions, announced that the IDT CPS-1848 Gen2 RapidIO® switch has been selected by VadaTech Inc., a leading provider of innovative hardware solutions for embedded systems markets, for its UTC002 MicroTCA Carrier Hub (MCH) switch cards. VadaTech selected IDT’s RapidIO switch for the key benefits in throughput, latency, carrier-grade reliability, quality of service and overall system power usage.
Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of integrated circuits for communications, computing, and consumer industries worldwide.
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Sierra Wireless, Inc. (NASDAQ:SWIR) reported fourth quarter and fiscal year 2011 results. Revenue for the year ended December 31, 2011 was $578.2 million, a decrease of 11% compared to $650.3 million for the year ended December 31, 2010. M2M revenue was $293.2 million in 2011, down 11.8% compared to $332.4 million in 2010. Excluding sales to Barnes & Noble, the company’s core M2M business increased 9% in 2011 on a year-over-year basis. Mobile Computing revenue was $285.0 million in 2011, down 10.4% compared to $317.9 million in 2010. Excluding sales to Clearwire, the company’s Mobile Computing business was down 1% in 2011 compared to 2010.
Sierra Wireless, Inc., together with its subsidiaries, provides wireless solutions for the machine-to-machine (M2M) and mobile computing markets.
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Bel Fuse Inc. (NASDAQ:BELFB) announced preliminary unaudited financial results for the fourth quarter and 2011. For the fourth quarter, sales decreased 18.0% to $68.6 million compared to $83.7 million for the fourth quarter of 2010. For 2011, sales decreased 2.5% to $295.1 million compared to $302.5 million for 2010. The fourth quarter GAAP net earnings were $82,000, or $0.00 per diluted Class A share and $0.01 per diluted Class B share. Excluding a restructuring charge and a gain on disposal of property, non-GAAP net earnings for the fourth quarter of 2011 were $256,000, or $0.01 per diluted Class A share and $0.02 per diluted Class B share. Bel Fuse Inc., together with its subsidiaries, engages in the design,
manufacture, and sale of products used in local area networking, telecommunications, business equipment, and consumer electronic applications in North America, Europe, and Asia.
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