Semiconductors - Monday, October 1, 2007
ChipMaker Memsic Files $100M IPO
Andover, MA-based Memsic has filed for a $100M IPO. Memsic uses micro electro-mechanical, or MEMS, technology to create semiconductor sensor and system solutions. Its products are used to measure tilt, shock, vibration and acceleration and have a wide range of applications such as mobile phones, automotive safety systems and video projectors.
The company says it has shipped more than 20M units since launch. For the 6 months ended June 30, the company reported income of $158K, compared with a loss of $151K the year-ago period. Sales for the first half of 2007 totaled $9.4M, compared to sales of $5.2M in the first six months of 2006.
It plans to trade on the Nasdaq under ticker symbol MEMS, with Citi serving as lead underwriter. The company has raised over $24M in VC funding led by Celtic House Venture Partners which holds a 16.84% pre-IPO stake.
View - site
More Recent Articles
The End Is Near, Or Is It?
Friday October 10, 2008
You know the economic situation isn't good when you have President George W. Bush on tv this morning trying to calm the investment world and then follow-up with Secretary of Treasury Henry Paulson in the afternoon. The staff at tech:stocker believes... Full Story
Trying To Find Some Positives In A Negative Market
Friday October 10, 2008
With another day of massive carnage in the market behind us, the staff at tech:stocker has been given the challenge of trying to find some hope for investors. Initially, we couldn't. But our editor insisted we offer something for our readers that wo... Full Story
Categories
- Venture Capital (274)
- Advertising (375)
- Aircraft (15)
- Alternative Energy (211)
- ASP (38)
- Batteries (9)
- Biometrics (3)
- Communications (56)
- Digital Hollywood (16)
- Digital Home (32)
- eCommerce (398)
- Educational Software (21)
- eHealth (23)
- Email Software (5)
- Enterprise Software (230)
- Euro Ventures (80)
- File Sharing (21)
- Financial Software (26)
- Games (158)
- Hardware (44)
- Homeland Security (7)
- IMterviews (6)
- IPO (35)
- Jobs (40)
- Media (308)
- Nanotechnology (14)
- Networking (91)
- News & Updates (1384)
- Online (5)
- Peripherals (36)
- Photo Software (45)
- Publishing (7)
- RFID (3)
- Robots (15)
- Satellites (7)
- Search (188)
- Security (88)
- Semiconductors (69)
- Social Networking (384)
- Space (1)
- Sponsored Post (11)
- Storage (34)
- Tech stocks (48)
- Telecom Equipment (10)
- Video (206)
- Voice (64)
- Web 2.0 (105)
- Web Development (5)
- Where Are They Now (29)
- Wireless (350)
Post a comment