DALLAS, Sept. 11, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring powerline communication provider Intellon Corp. (Nasdaq:ITLN). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Intellon Corp. (Nasdaq:ITLN) should be of particular interest to other chipmakers: Atheros Communications Inc. (Nasdaq:ATHR), Intel Corp. (Nasdaq:INTC), STMicroelectronics N.V. (NYSE:STM) and Maxim Integrated Products Inc. (Nasdaq:MXIM).
It is available at: http://www.stockpreacher.com/n/ITLN
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Intellon Corp. (ITLN), a leader in powerline communication (PLC) technology, designs and sells integrated circuits (ICs) that enable PCs, broadband modems, set-top boxes, gaming consoles, audio/video players, flat screen displays, security cameras and other electronics devices to communicate instantly over existing power lines, allowing consumers to create instant networks in their homes and small businesses. Aside from home networking, ITLN's HomePlug(r) - compliant and other powerline ICs are also used in applications such as networked entertainment, Ethernet-over-Coax (EoC), smart grid management and Broadband over Powerline (BPL) access.
In the report, the analyst notes:
"Looking to improve workflow and provide room for larger laboratories and future expansion, on September 4 ITLN announced that it is moving its Ocala operations to a new facility located in the expanding technology corridor in downtown Ocala, Florida. It expects to move into the new facility in December 2009 following the completion of renovations. INTL chairman and CEO Charlie Harris stated that the Company's recent move is the third step in their program to increase the quality and efficiency of facilities across the Company.
"On September 8, ITLN and wireless networking company Athero entered into a definitive agreement for the latter to acquire ITLN, a combination expected to pave the way for major advances toward seamless connectivity to operators and consumers alike. The stock and cash transaction is valued at approximately $244 million, or $181 million net of INTL's cash, cash equivalents and short-term investments as of June 30, 2009. The deal is expected to close in the fourth quarter of 2009."
To read the entire report visit: http://www.stockpreacher.com/n/ITLN
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