NXP Semiconductors, the newly independent semiconductor company founded by Philips, and DSP Group, Inc. today announced residential telephony market. The transaction can reach a total value DSP Group will pay $270 million, consisting of $200 million in transaction, for NXP's Cordless VoIP terminals business, currently part of the company's Mobile and Personal Business Unit.
DSP Group has based on future revenue performance. The transaction is expected to be positive to earnings per share of DSPG in 2007 and beyond, excluding transaction expenses, intangible amortization and other one time charges in connection with the acquisition. The transaction is expected to close in the third quarter of 2007, subject to closing locations around the world, most of whom will transfer to the DSP technology for the benefit of all major customers in our industry.
We the advanced NXP process technologies. NXP will also become a DSP Group, and will not transfer its shares of DSP Group common stock for at least two years following the closing," said Eli Ayalon Chairman and CEO, DSP Group. to grow its business.
It allows NXP to focus our growth on the six electronics, automotive, identification and multi market semiconductors. Additionally, with the proceeds we will be able to strengthen these segments, for example with future acquisitions. I am cordless market, as they will be served well by this new strong market leader," said Frans van Houten, NXP President and CEO.
Commenting on the deal, Egon Durban, Managing Director of Silver Lake, on behalf of the group of private equity investors in NXP, observed, "We continue to be excited by our investment in NXP. This consolidation to create market leaders, and will generate substantial benefits for both parties and their customers." basebands, software and system solutions for: DECT, DECT 6.
0, WDCT 2.4, 5.8, Analog 900, 2.
4, 5.8, VoIP/MTA, USB Softphones, and VoIP Gateways. In 2006, the group sold approx.
300 million products in Foerster. NXP was advised by Merrill Lynch and De Brauw Blackstone DSP Group, Inc. is a fabless semiconductor company, offering advanced chip-set solutions for a variety of applications.
DSP Group market, enabling home networking convergence for voice, video data. (DSPs), portfolio of wireless communication protocols, including DECT, Bluetooth and Wi-Fi, most advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs, DSP Group is a worldwide leader and a one-stop-shop for a wide range of applications. These applications include ISM band digital 900MHz, 2.
4GHz and 5.8GHz telephony, European DECT (1.9GHz) telephony, Bluetooth systems for voice, data and video communication and deployment in residential, SOHO, SME, enterprise and automotive applications.
DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, and Integrated Access Devices and are widely used in Digital Voice Recorders. More information about DSP Group is available 50 years ago. Headquartered in Europe, the company has 37,000 billion in 2006.
NXP creates semiconductors, system solutions and software that deliver better sensory experiences in mobile phones, personal media players, TVs, set-top boxes, identification applications, cars and a wide range of other electronic devices. News respect to the proposed transaction, including statements regarding the transaction, including the accretive effect on EPS, increase of revenues and expansion of the company. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected, expressed or implied by such forward-looking statements, including, but not limited be integrated successfully; the risk that the revenue potentials, cost to maintain relationships with customers, employees or suppliers and reasons, including those discussed in "Risk Factors" in DSP Group's Form 10-K.
You should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, DSP Group undertakes no obligation to publish, update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.
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