- Completed initial public offering on August 6, 2009. Sold a total of 49,680,000 ordinary shares, including over-allotment. This included 21,500,000 ordinary shares sold by Avago and 28,180,000 ordinary shares sold by selling shareholders.
- Announced on September 3, 2009 a tender offer to purchase up to $250 million of outstanding debt securities.
Based on current business trends, the outlook for the fourth fiscal quarter of 2009 is expected to be as follows.
| Fourth Quarter 2009 Business Outlook | |||||||
| GAAP | Reconciling Items | Non-GAAP | |||||
| Revenue | Up 7% to 10% | Up 7% to 10% | |||||
| Gross Margin | 39% to 41% | $14M | 43% to 45% | ||||
| Operating Expenses | ~$170M | ~$70M | ~$100M | ||||
| Interest and Other* | $20M | $20M | |||||
| Taxes | $4M | $4M | |||||
| Diluted Share Count | 243M | 245M | |||||
