Mergers Agreements, Prestigious Membership, New LED Arrays, Acquisitions, and Strategic Collaborations - Research Report on Applied Materials, Broadcom, Cree, Veeco, and Synopsys

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Sep 27, 2013, 08:00 ET from Analysts' Corner

NEW YORK, September 27, 2013 /PRNewswire/ --

Today, Analysts Corner announced new research reports highlighting Applied Materials, Inc. (NASDAQ: AMAT), Broadcom Corp. (NASDAQ: BRCM), Cree, Inc. (NASDAQ: CREE), Veeco Instruments Inc. (NASDAQ: VECO), and Synopsys Inc. (NASDAQ: SNPS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Applied Materials, Inc. Research Report

On September 24, 2013, Applied Materials, Inc. (Applied Materials) announced that it has entered into a definitive merger agreement with Tokyo Electron Limited to create a global innovator in semiconductor and display manufacturing technology via an all-stock combination that values the new company at approximately $29 billion (¥2.8 trillion). Commenting on the merger, Gary Dickerson, President and CEO of Applied Materials, stated, "We are creating a global innovator in precision materials engineering and patterning that provides our new company with significant opportunities to solve our customers' high-value problems better, faster and at lower cost. We believe the combination will accelerate our momentum for profitable growth, increase the value we deliver to shareholders and create great opportunities for our employees." The Company reported that the merger transaction is expected to close in mid to second half of 2014, subject to customary conditions, including the approval of both companies' shareholders and review by regulators. The Full Research Report on Applied Materials, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []


Broadcom Corp. Research Report

On September 13, 2013, Broadcom Corp. (Broadcom) announced that it has been accepted as a full member of the Electronic Industry Citizenship Coalition (EICC), an alliance of the world's leading electronics companies working together to improve efficiency and social, ethical, and environmental responsibility in the global supply chain. As a full EICC member, Broadcom reported that it will adopt the organization's code of conduct to ensure worker safety and fairness, environmental responsibility and business efficiency. Neil Kim, Broadcom Executive Vice President, Operations and Central Engineering, commented, "Our membership in the EICC affirms our commitment to maintain the highest standards of corporate social responsibility." Kim added, "We very much look forward to collaborating with EICC members to advance the organization's responsible business practices that result in mutually beneficial social, economic and environmental outcomes for our company and our business partners." The Full Research Report on Broadcom Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []


Cree, Inc. Research Report

On September 18, 2013, Cree, Inc. (Cree) introduced the industry's first High-Density (HD) LED Arrays, a breakthrough technology that doubles the system intensity of spot lights compared to previous arrays. Mark Groenke, Vice President of Engineering at ConTech Lighting, said, "The new CXA1520 LED Array delivers an impressive amount of light from a very small source. I have not seen another integrated array that can match this level of lumen density." Groenke continued, "The CXA1520 LED Array enables ConTech Lighting's newest LED fixtures to exceed the efficiency and life of our ceramic metal halide fixture offerings while maintaining intensity and color quality." In addition, Tom Tang, Chairman and CEO, Tons Lightology, Inc., said, "We have several CXA1507 and CXA1512 LED array designs, and we're excited that the new CXA1520 LED Array shares the same light-emitting size as the CXA1507 and CXA1512 LED Arrays." The Full Research Report on Cree, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []


Veeco Instruments Inc. Research Report

On September 19, 2013, Veeco Instruments Inc. (Veeco) announced that it has signed an acquisition agreement to acquire Synos Technology, Inc. (Synos), which designs and manufactures Fast Array Scanning™ Atomic Layer Deposition (FAST-ALD™) systems that enable the production of flexible organic light-emitting diode (OLED) displays for mobile devices. John R. Peeler, Veeco's Chairman and CEO, stated, "Synos is an early stage company with big growth potential. We believe that their fast array scanning ALD technology for thin film encapsulation layers will remove the primary barrier to adoption of flexible OLED displays, helping make unbreakable, light-weight mobile displays a reality. Their systems are poised to move from pilot line to full production at the world leader in mobile OLED displays." Veeco reported that the initial purchase price is $70 million with a maximum potential consideration of $185 million. The Company also reported that the deal is expected to close during Q4 2013 and is anticipated to be dilutive to Veeco in 2014 and solidly accretive in 2015. The Full Research Report on Veeco Instruments Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []


Synopsys Inc. Research Report

On September 23, 2013, Synopsys Inc. (Synopsys) announced the delivery of a comprehensive design implementation solution for TSMC's 16-nanometer (nm) FinFET reference flow. According to Synopsys, the jointly developed reference flow is built on tool certification currently in TSMC's V0.5 Design Rule Manual (DRM) and SPICE. Further, The Company reported that it will continue to collaborate on tool sets with TSMC for 16-nm FinFET V1.0 certification. The Full Research Report on Synopsys Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: []



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