Ikanos Communications (IKAN) Posts Q2 Loss of 72c/Share
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Ikanos Communications Announces Results for Second Quarter 2015 and Proposed Sale
August 6, 2015 7:45 AM EDTFREMONT, CA -- (Marketwired) -- 08/06/15 -- Ikanos Communications, Inc. (NASDAQ: IKAN)
Second Quarter Highlights
Revenue of $11.1 million Net loss of $(12.3) million, or $(0.72) per share Ending cash and cash equivalents of $16.0 millionIkanos Communications, Inc. (NASDAQ: IKAN), a leading provider of advanced broadband semiconductor and software products for the connected home, today announced its financial results for the second quarter of 2015, ended June 28, 2015 and its proposed sale.
"As announced earlier today by Qualcomm, Ikanos has... More
Qualcomm to Acquire xDSL and G.fast Networking Technology Provider Ikanos
August 6, 2015 7:30 AM EDTSAN DIEGO, Aug. 6, 2015 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that its subsidiary, Qualcomm Atheros, Inc., has entered into a definitive merger agreement to acquire Ikanos Communications, Inc. (NASDAQ: IKAN), a high performance broadband networking semiconductor and software provider enabling both central office and home gateway solutions. Pursuant to the agreement, Qualcomm Atheros, through a wholly-owned subsidiary, will commence a tender offer to acquire all of the issued and outstanding shares of common stock of Ikanos for $2.75 per share in cash, and assume all... More
