On June 29 2009, Integrated Device Technology (IDTI) shareholders approved the acquisition of Tundra Semiconductor Corporation for C$6.25 in cash per share, or C$120.8 million for the company. All outstanding “out of the money" options will be taken over by IDT, while “in the money" options and RSUs will be paid off. Management intends to fund the acquisition with cash available on hand.

A combination of the technologies offered by the two companies are expected to enhance IDT’s existing interconnect solutions for the communications and computing markets. Particular benefits will be seen in serial switching and bridging functionalities that use PCI Express, Rapid IO and VME interconnect standards.

The company will also acquire Silicon Logic Engineering, Inc. (Tundra’s logic unit), which provides ASIC and FPGA design services. Following the acquisition, Silicon Logic Engineering will start operating as an IDT subsidiary. Management currently expects the acquisition to be accretive to the non

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For Immediate Release

Chicago, IL - June 18, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Apple (AAPL), Integrated Device Technology (IDTI), Leadis Technology (LDIS), Forest Laboratories, Inc. (FRX) and FedEx Corporation (FDX).

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Here are highlights from Wednesday's Analyst Blog:

Touch-Screens Feeling Hot

This technology seemed to struggle to gain acceptance until Apple (AAPL) released the iPhone.

The capacitive touch-screen and touch-button controller segment is projected to hit 1.3 billion units by 2012, a 44 percent compounded annual growth rate, according to

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Quick Quiz: How many gadgets do you have in the house that use touch-screen technology? At first glance as I look around my house I would say six gadgets, but I am probably missing three or four.This technology seemed to struggle to gain acceptance until Apple (AAPL) released the iPhone.The capacitive touch-screen and touch-button controller segment is projected to hit 1.3 billion units by 2012, a 44 percent compounded annual growth rate, according to market research firm Gartner: "Capacitive touchscreens are rapidly becoming common in mobile handsets, spurred by the success of the iPhone," said Gartner analyst Amy Leong.Armed with this information, on June 11, 2009, Integrated Device Technology (IDTI) announced it has purchased the touch sensor technology assets from Leadis Technology. In addition, IDT will also acquire the Leadis Technology (LDIS) intellectual property and employee teams that run the ...