Business & Real Estate
- Published on Tuesday, 31 May 2011 17:00
- Written by Los Altos Town Crier
Town Crier “50” followers may have noticed Dionex flatlined last week, signaling the completion of the transaction negotiated in December when Thermo Fisher Scientific purchased the company – well known for its chromatography platforms and water-analysis systems – for $1.6 billion.
The acquisition brings a newcomer to the TC “50,” Sunnyvale-based QuickLogic Corp., suggested by Los Altos Hills resident E. Thomas Hart. Hart currently oversees the company as executive chairman on QuickLogic’s board of directors after serving as CEO for 17 years.
Co-founded in 1998 by another Los Altos Hills resident, H.T. Chua, QuickLogic went public on NASDAQ with the symbol QUIK in 1999, It holds more than 100 patents that offer company clients low-power, customizable semiconductor solutions for Tablets, Smartbooks, Netbooks, Cloudbooks, Smartphones and other technological devices that allow original-design and original-equipment manufacturers to add new features, extend battery life and improve visual technology on their devices.
With its stock’s value at $3.00 Friday, QuickLogic reported revenues totaling $5.5 million for the 2011 first quarter, a net loss of $900,000 – or 2 cents per diluted share. The loss represents a 20 percent decrease from the previous quarter but a 2 percent increase over the same quarter last year.
New product revenue accounted for 22 percent of the company’s revenue.