Business & Tech
SMSC Acquires Symwave, CA's Green Partnership, Globecomm Wins Contract and United-Guardian's Profit Leaps
We've got a rundown of the latest briefs coming from Hauppauge businesses
SMSC acquires California chip maker
Hauppauge-based semiconductor company SMSC said Monday it acquired California-based USB chip supplier Symwave.
SMSC had already owned 14 percent of the West Coast company, thanks to a previous $5.2 million investment in 2009. The local company said it also recently injected $3.1 million worth of bridge capital into Symwave.
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As part of the merger, SMSC will pay an undisclosed amount to Symwave shareholders pending achievement of certain financial goals in fiscal 2011.
"With USB 3.0 now ready for mass deployment, SMSC is strengthening its market position through the addition of best-in-class USB 3.0 expertise to take advantage of this technological shift at the optimal time," Christine King, chief executive of SMSC, said in a statement.
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CA helps companies manage carbon footprints
CA Technologies said last week it joined with United Kingdom-based Siemens IT Solutions to provide organizations with tools to measure and assess their environmental impact.
Islandia-based CA will provide the technology side of the product and Siemens will give its experience in carbon-footprint management.
The companies said in their release recent government actions have made carbon management important to many senior executives.
"Carbon managers and sustainability executives can quickly deliver reports and forecasts from CA ecoSoftware by systematically pulling together data from thousands of disparate sources across the enterprise," Sonny Masero, vice president of Sustainability EMEA at CA said in a statement. "It is a giant leap forward from the spreadsheets that some organizations are still using to manually calculate emissions and liabilities."
Globecomm wins African contract
Globecomm Systems said last week it landed a contract to provide wireless services in Sierra Leone.
Terms of the deal were not disclosed.
Under the contract, Hauppauge-based Globecomm will provide switching facilities to wireless operators in Sierra Leone that will connect its radio networks to Globecomm's switch controller in New York.
The local satellite-based network provider said the move will help wireless carriers in Sierra Leone efficiently introduce wireless technologies.
United-Guardian's profit increases
Hauppauge-based United-Guardian said last week third-quarter per-share profit jumped 22 percent on an increase in sales.
The cosmetic ingredients manufacturer posted profit of 27 cents per share during the quarter, compared with profit of 22 cents per share in the third quarter last year.
Sales increased 13 percent to $3.8 million during the period.
United-Guardian said both its nine-month sales and profit numbers set records for the company. Sales for the nine months ended Sept. 30 were $11.2 percent and earnings were 62 cents per share.