Boston, MA 05/30/2014 (wallstreetpr) – According regulatory filings the proposed merger between TriQuint Semiconductor (NASDAQ:TQNT) and RF Micro Devices will see the current CEO of RF Micro Devices become the CEO of the combined company, while TriQuint CEO will become the chairman of the board of the combined company. The name of the combined business has not been given.
The companies also said in the SEC filing that four additional executive positions have been identified, and the executives will report to the CEO. The holders of the four new executive positions have not been determined. The CEO of TriQuint is Ralph Quinsey while the CEO of RF Micro is Bob Bruggeworth.
TriQuint Semiconductor (NASDAQ:TQNT) posted encouraging financial results in its 1Q2014 reporting. It suffered a net loss of 6 cents per share at a time when analysts expected a net loss of 11 cents per share. Revenue for the quarter came in at $177.60 million, ahead of the consensus estimate of $176.22 million.
Shares of the company are up 87.29 percent since the beginning of 2014.
Officials at CenturyLink, Inc. (NYSE:CTL) are exuding optimism that the company is poised for greater things in the future. The company is currently working to improve its capacity and inject efficiency across all its operations. The company’s price war is also proving to be a headache for competitors such as Microsoft Corporation (NASDAQ:MSFT) and Google Inc (NASDAQ:GOOG).
The 300,000-square-foot Technology Center of Excellence from where CTL expects to develop and test new technologies, will be up and running by early 2015.
CenturyLink, Inc. (NYSE:CTL) has offered enough reason to be optimistic about its future. The business earned 66 cents per share in the most recent quarter at a time when analysts expected 61 cents per share. Its revenue also exceeded expectation coming at $4.54 billion, ahead of the consensus estimate of $4.48 billion.
Ciena Corporation (NYSE:CIEN) is supplying F6 Networks with packet networking and packet optical solutions. F6 Networks will use the technologies in its 100G network as it seeks to improve its broadband offering amid big demand. Ciena earned 13 cents on revenue of $533.70 million in the most recent quarter. Analysts expected earnings of 6 cents on $533.75 million in revenue.
