DALLAS, June 18, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring ON Semiconductor Corp. (Nasdaq:ONNN). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/ONNN
ON Semiconductor Corp. (ONNN) is a global supplier of power, analog, digital signal processing, mixed signal, advanced logic, data management semiconductors, memory and standard component devices. It designs, manufactures and markets semiconductor components that address the design needs of electronic systems and products. The Company operates through five segments: automotive and power regulation, computing, digital and consumer, standard products, and custom and foundry product group.
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In the report, the analyst notes:
"ONNN recently announced that total revenues in the first quarter of 2010 were $550.2 million, an increase of approximately 11% from the fourth quarter of 2009. During the first quarter of 2010, the Company reported GAAP net income of $63.0 million, or $0.14 per fully diluted share. The first quarter 2010 GAAP net income included net charges of $22.3 million, or $0.05 per fully diluted share, from special items.
"ONNN recently announced it has acquired privately held Sound Design Technologies Ltd. (SDT) from an affiliate of Global Equity Capital, LLC, in an all cash transaction for initial consideration of approximately $22 million. Under the terms of the acquisition, the seller will also have the ability to receive additional earn-out proceeds of up to $10 million if, among other things, SDT is able to meet certain revenue thresholds in 2010, 2011 and 2012."
To read the entire report visit: www.microstockprofit.com/lp/ONNN
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