Technology shares were generally lower in pre-market trading on
In technology stocks news, Microchip Technology (
) said it has agreed to buy Supertex (
) for $33 per share or a total equity value of $394 million. The
enterprise value of the deal is $245 million after excluding
Supertex's cash and investments on its balance sheet of
approximately $148 million.
MCHP closed higher by 1.7% on Friday. SUPX jumped 36% to $33.25
after having been halted in pre-market trade.
And, SouFun Holdings (
) was up 7% pre-market after it reported Q4 revenue of $217.2
million, up 47% from a year prior, and non-GAAP net income of $1.42
per share, up 80% from a year prior.
The Street consensus was for $203 million in earnings and $1.10
per share in earnings, according to Capital IQ estimates.
Finally, online media company Sohu.com Inc. (
) slumped 7.7% in the pre-market session after reporting Q4 2013
revenues and Q1 2014 financial guidance that were below Wall Street
expectations. Profit for Q4, however, was above estimates.
It said Q4 non-GAAP profit was US$5 million, or US$0.12 per
diluted share, versus the Capital IQ consensus of US$(0.40).
Year-ago non-GAAP profit was US$28 million.