IDT to Acquire GigPeak for $3.08 per Share

IDT to Acquire GigPeak for $3.08 per Share

– Projected to add approximately $16M of quarterly revenue at 70% non-GAAP gross margin – Immediately accretive to earnings in first full quarter following close – Creates New Industry Franchise in High Performance Optical Interconnect – Extends IDT Leadership in Communications & Cloud Data Center Products – Conference call to be held on Tuesday, February 14, 2017 at 5am PT / 8am ET

IDT to Acquire GigPeak for $3.08 per Share

IDT to Acquire GigPeak for $3.08 per Share

– Projected to add approximately $16M of quarterly revenue at 70% non-GAAP gross margin – Immediately accretive to earnings in first full quarter following close – Creates New Industry Franchise in High Performance Optical Interconnect – Extends IDT Leadership in Communications & Cloud Data Center Products – Conference call to be held on Tuesday, February 14, 2017 at 5am PT / 8am ET