DALLAS, Aug. 10, 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 second quarter of 2010 were $583.3 million, an increase of approximately 6% from the first quarter of 2010. During the second quarter of 2010, the Company reported GAAP net income of $78.7 million, or $0.18 per fully diluted share. The second quarter 2010 GAAP net income included net charges of $24.7 million, or $0.06 per fully diluted share, from special items.
"ONNN and SANYO Electric Co. Ltd. recently announced the signing of a definitive purchase agreement providing for the acquisition of SANYO Semiconductor Co. Ltd., a subsidiary of SANYO Electric, and other assets related to SANYO Electric's semiconductor business, by ONNN in a cash and stock transaction with a purchase price of approximately $366 million (¥33.0 billion), subject to adjustment pursuant to the terms of the transaction."
To read the entire report visit: www.microstockprofit.com/lp/ONNN
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