Boston, MA 02/12/2014 (wallstreetpr) – TriQuint Semiconductor (NASDAQ:TQNT), is a chipmaker with record market base, and is expected to make in-roads in the radio frequency services section. Straddling three different electronic communication segments, TriQuint’s specialty is design, development and manufacture of filter modules, power amplifiers, switches for the competitive market segment- electronic communications. TriQuint Semiconductor (NASDAQ:TQNT) products are the standard in networks, mobile devices and have invaded highly precision-oriented sectors such as aerospace and defense. It’s main line of equipment in this segment remains its microwave, Radio frequency as well as millimetre-wave applications.
Appoints Goldman Sachs
TriQuint Semiconductor (NASDAQ:TQNT) management has since announced that, it will engage the services of diversified investment and financial services provider Goldman Sachs henceforth.
The company has sought out Goldman Sachs’ considerable expertise in handling activist investors.
TriQuint Semiconductor (NASDAQ:TQNT) executives expressed that the increase in the activist investors at Starboard Value has brought unwanted pressure on it. In an effort to fend off the misdirected pressure, the chipmaker expects Goldman Sachs to work its Midas touch and bring immunity.
TriQuint Semiconductor (NASDAQ:TQNT) has been on a run-in path with Starboard Value hedge fund activists. These investors have been baying for several changes on what the company shall do and where it needs to sell. Recently, the hedge funds activists pushed for the sale of one of TriQuint segments-the power-amplifier business. It also suggested that management look at out-sourcing or moving away from manufacturing per se.
TriQuint Semiconductor (NASDAQ:TQNT) now expects Goldman Sachs to offer a lot of answers and options for its work around the situation. However, Starboard Value has continued to be a first-mover in the long-drawn management-investor debacle. They are now pursuing the line of nominating directors to the company’s board, later this year, when the annual meeting shall be held. However, if Triquint hopes to achieve shareholders requests, then the balancing act will require much tight-rope management.
