Microsemi announced the exclusive licensing of its detector log video amplifier technology to Microphase Corporation and exited the market in conjunction with its ongoing facility consolidation plan. Microphase is a provider of microwave and RF solutions for advanced military communications and electronic warfare systems applications. Terms of the transaction were not disclosed. This action has no material effect on Microsemi revenues and is a function of the company's continuing focus on core growth initiatives and improved profitability. Further, Microsemi reaffirms its revenue guidance for its second quarter of fiscal 2013, ended March 31.
- Investment & Company Information