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BUSINESS
September 6, 2000 | KAREN ALEXANDER, TIMES STAFF WRITER
Intersil Corp., an Irvine maker of semiconductors for wireless computer networks, said on Tuesday it has agreed to acquire an Arizona maker of high-speed wireless network products for about $191 million in stock. Intersil, which recently moved its headquarters to Orange County from Florida, said in a press release that it would issue 3.7 million shares to buy SiCom Inc., a privately held firm in Scottsdale. Intersil's stock closed Tuesday at $51.63 a share, down $1.38 in Nasdaq trading.
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BUSINESS
March 11, 2002 | From Bloomberg News
Intersil Corp., an Irvine-based maker of chips for communications equipment, agreed Sunday to acquire Elantec Semiconductor Inc. for $1.4 billion in stock and cash to expand its market in Asia. Intersil will pay 1.24 of its shares and $8 in cash for each share of Elantec, the companies said. Based on Intersil's closing price of $36.65 Friday, the transaction values Elantec at $53.45 a share, which is 30% more than its closing price of $41.20 Friday.
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BUSINESS
March 11, 2002 | From Bloomberg News
Intersil Corp., an Irvine-based maker of chips for communications equipment, agreed Sunday to acquire Elantec Semiconductor Inc. for $1.4 billion in stock and cash to expand its market in Asia. Intersil will pay 1.24 of its shares and $8 in cash for each share of Elantec, the companies said. Based on Intersil's closing price of $36.65 Friday, the transaction values Elantec at $53.45 a share, which is 30% more than its closing price of $41.20 Friday.
BUSINESS
August 10, 2001 | Bloomberg News
A shareholder in Irvine computer-chip maker Intersil Corp. filed a lawsuit contending that Harris Corp., a military radio and cellular telephone system maker, improperly sold Intersil stock for an $8.8 million profit. Aron Rosenberg, in a suit filed last week in federal court in Delaware, says Melbourne, Fla.-based Harris bought more than 8,000 shares of Intersil preferred stock in 1999.
BUSINESS
January 23, 2001 | KAREN ALEXANDER, TIMES STAFF WRITER
Intersil Corp., an Irvine wireless communications chip company, said Monday it has agreed to sell its discrete power business--which accounts for 25% of its revenue--to Fairchild Semiconductor International Inc. for $338 million in cash. About 650 employees and a manufacturing complex in Mountaintop, Pa., will become part of Fairchild. The facility makes small power switches for products ranging from cell phones to automobiles. The business, which Intersil acquired from General Electric Co.
BUSINESS
June 9, 2001
Irvine communications chip maker Intersil Holding Corp. said Friday that it has changed its name to Intersil Corp. Its ticker symbol on Nasdaq remains ISIL.
BUSINESS
February 28, 2001
Irvine semiconductor maker Intersil Corp., moving to eliminate long-term debt, said Tuesday that it completed its bid for $61.6 million in debt securities due in 2009. Intersil said it expects to make payments for tendered notes, including a consent payment of $30 per note, on Thursday.
BUSINESS
January 30, 2001
In an effort to eliminate its $61.6 million in long-term debt, Irvine semiconductor maker Intersil Corp. said Monday that it is initiating a tender offer and a solicitation for consent to change the terms of the debt securities. Intersil said in a press release that the price offered to holders of the debt will be based on a formula that includes a consent payment of $30 per note for those tendered by 5 p.m. Feb. 9.
BUSINESS
June 9, 2001
* General Motors Corp. doubled cash incentives to $1,000 on full-size Chevrolet and GMC conversion vans through July 2, after its van sales fell a combined 8% last month. The auto maker also is offering interest rates of 4.9% to 6.9% on the Chevrolet Express LT and GMC Savana SLT vans through Oct. 1. * * Countrywide Credit Industries Inc., the largest publicly traded U.S. home lender, said its loan funding doubled in May to a record $10.9 billion, from $5.
BUSINESS
September 15, 2000
Intersil Holding Corp. has priced a secondary offering of 11 million shares of stock at $48 a share. The Irvine telecommunications chip maker filed last month with federal regulators a statement to sell 10 million shares of stock at an undisclosed price. The company, which recently moved to Irvine from Florida, said it would sell 3 million new shares and that existing shareholders would sell 7 million.
BUSINESS
July 25, 2001 | From Associated Press; Bloomberg News
McDonald's Corp. on Tuesday reported a 16% drop in profit, its third straight quarterly decline, as the burger giant's stock rose modestly on its latest assurance that beef safety fears are easing in Europe, its top international market. Squeezed by weak foreign currencies and other concerns, McDonald's said it may close as many as 250 under-performing restaurants this quarter, primarily in emerging international markets.
BUSINESS
June 9, 2001
* General Motors Corp. doubled cash incentives to $1,000 on full-size Chevrolet and GMC conversion vans through July 2, after its van sales fell a combined 8% last month. The auto maker also is offering interest rates of 4.9% to 6.9% on the Chevrolet Express LT and GMC Savana SLT vans through Oct. 1. * * Countrywide Credit Industries Inc., the largest publicly traded U.S. home lender, said its loan funding doubled in May to a record $10.9 billion, from $5.
BUSINESS
June 9, 2001
Irvine communications chip maker Intersil Holding Corp. said Friday that it has changed its name to Intersil Corp. Its ticker symbol on Nasdaq remains ISIL.
BUSINESS
April 26, 2001
The Irvine semiconductor company reported first-quarter net income of $38.4 million, which included a gain of $168.4 million, or 35 cents a share, from the sale of operations. A year earlier, the company posted a net loss of $24.2 million, or 32 cents a share. Sales advanced 9% to $127.8 million.
BUSINESS
April 4, 2001
Intersil Holding Corp., an Irvine maker of chips that manage power consumption in personal computers, said Tuesday that it will invest $5 million in PowerSmart Inc. as part of a development project. Intersil said in a press release that the two companies will work to develop ways to extend battery life in such mobile appliances as cellular telephones.
BUSINESS
February 28, 2001
Irvine semiconductor maker Intersil Corp., moving to eliminate long-term debt, said Tuesday that it completed its bid for $61.6 million in debt securities due in 2009. Intersil said it expects to make payments for tendered notes, including a consent payment of $30 per note, on Thursday.
BUSINESS
January 23, 2001
The Federal Trade Commission has ended its investigation into the data collection practices of New York-based Internet advertising company DoubleClick Inc. "DoubleClick never used or disclosed consumers' [personal identifying information] for purposes other than those disclosed in its privacy policy," Joel Winston of the FTC said. * U.S. Interactive Inc., which helps companies do business on the Internet, filed for Chapter 11 protection after announcing a $25.
BUSINESS
August 10, 2001 | Bloomberg News
A shareholder in Irvine computer-chip maker Intersil Corp. filed a lawsuit contending that Harris Corp., a military radio and cellular telephone system maker, improperly sold Intersil stock for an $8.8 million profit. Aron Rosenberg, in a suit filed last week in federal court in Delaware, says Melbourne, Fla.-based Harris bought more than 8,000 shares of Intersil preferred stock in 1999.
BUSINESS
January 30, 2001
In an effort to eliminate its $61.6 million in long-term debt, Irvine semiconductor maker Intersil Corp. said Monday that it is initiating a tender offer and a solicitation for consent to change the terms of the debt securities. Intersil said in a press release that the price offered to holders of the debt will be based on a formula that includes a consent payment of $30 per note for those tendered by 5 p.m. Feb. 9.
BUSINESS
January 23, 2001
The Federal Trade Commission has ended its investigation into the data collection practices of New York-based Internet advertising company DoubleClick Inc. "DoubleClick never used or disclosed consumers' [personal identifying information] for purposes other than those disclosed in its privacy policy," Joel Winston of the FTC said. * U.S. Interactive Inc., which helps companies do business on the Internet, filed for Chapter 11 protection after announcing a $25.
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