MediaTek and Ralink announced their merger on the 16th and expect to re-issue 3.15 shares of Ralink for every one MediaTek division. The effective date of the merger will be October 1, 2011. MediaTek pointed out that optimistic about the growth and integration trend of wireless communications and digital home industry, will bring the huge demand for network communications chips into Ralink, will be able to make up for the deficiencies in the original PC/tablet field, and hope that the benefits of integration can be played within one year . Ralink executive director Fang Xinzhou said that IC design competition is fierce, and he hopes to stabilize the position of MediaTek in the world's top ten IC design factories through consolidation.
The merger is expected to be replaced by 3.15 shares of Ralink for every 1 MediaTek, and the effective date of the merger will be tentatively set to be October 1, 2011. If the closing price on the 15th is taken into account, Ralink will not consider the inclusion of interest. The potential upside is only 0.76%, and the premium margin is limited. After the merger, Ralink will hold a 4.58% stake in MediaTek.
Compared to 22% of Qualcomm's premium with Atheros, the on-site legal entity also questioned whether Ralink was selling too cheaply? Fang Xinzhou pointed out that if you look at the 30-day average price reference price that is commonly used by the industry, there is still a certain degree of premium, and more importantly, the two sides have the same view on the development of the industry, and the combined long-term effect can be realized.
Xie Qingjiang, general manager of MediaTek, stated that the company has always been the best strategic partner for Ralink's Wi-Fi chips to enter digital media platforms such as TVs and Blu-ray players. In terms of Netcom's chip layout, MediaTek focuses on handheld devices. There is a good market share in PC/NB, tablet PCs, and home consumer end, and they are actively investing in next-generation Netcom technology development such as 802.11ac/ad and VDSL. After the merger, the two parties complement each other effectively, and MediaTek also accumulates a considerable degree of Merging experience, hoping to integrate comprehensive performance within one year of fermentation.
Xie Qingjiang pointed out that after the merger, the Leiling team should join MediaTek in most cases and be in the form of a business unit. At present, Ralink merges an annual turnover of approximately RMB 9.3 billion (an annualized contribution to honesty contribution), although this year's revenue Contributing only one season is still limited, but future benefits will gradually emerge.
He also said that this year, MediaTek will launch a 4-in-1 chip for smart phones, which will be in volume production in the second half of the year. The existing team will still focus on Mobile applications, and Ralink will continue its strengths in PC/NB/tablet computers. , It is expected that the entire party will allow the two parties to play a multiplier effect in the layout of Netcom products.
Fang Xinzhou also said that since the merger of Ralink last year and Lei Ling into MediaTek, it is mainly considering the fierce competition in IC design, hoping to promote industrial integration, based on previous merger experience, although the fourth quarter of last year, revenue Slight decline, but the first quarter orders are not weak, on behalf of the merger with good results, the future also hopes to merge into MediaTek, can stabilize its position in the world's top ten IC design companies.
The merger is expected to be replaced by 3.15 shares of Ralink for every 1 MediaTek, and the effective date of the merger will be tentatively set to be October 1, 2011. If the closing price on the 15th is taken into account, Ralink will not consider the inclusion of interest. The potential upside is only 0.76%, and the premium margin is limited. After the merger, Ralink will hold a 4.58% stake in MediaTek.
Compared to 22% of Qualcomm's premium with Atheros, the on-site legal entity also questioned whether Ralink was selling too cheaply? Fang Xinzhou pointed out that if you look at the 30-day average price reference price that is commonly used by the industry, there is still a certain degree of premium, and more importantly, the two sides have the same view on the development of the industry, and the combined long-term effect can be realized.
Xie Qingjiang, general manager of MediaTek, stated that the company has always been the best strategic partner for Ralink's Wi-Fi chips to enter digital media platforms such as TVs and Blu-ray players. In terms of Netcom's chip layout, MediaTek focuses on handheld devices. There is a good market share in PC/NB, tablet PCs, and home consumer end, and they are actively investing in next-generation Netcom technology development such as 802.11ac/ad and VDSL. After the merger, the two parties complement each other effectively, and MediaTek also accumulates a considerable degree of Merging experience, hoping to integrate comprehensive performance within one year of fermentation.
Xie Qingjiang pointed out that after the merger, the Leiling team should join MediaTek in most cases and be in the form of a business unit. At present, Ralink merges an annual turnover of approximately RMB 9.3 billion (an annualized contribution to honesty contribution), although this year's revenue Contributing only one season is still limited, but future benefits will gradually emerge.
He also said that this year, MediaTek will launch a 4-in-1 chip for smart phones, which will be in volume production in the second half of the year. The existing team will still focus on Mobile applications, and Ralink will continue its strengths in PC/NB/tablet computers. , It is expected that the entire party will allow the two parties to play a multiplier effect in the layout of Netcom products.
Fang Xinzhou also said that since the merger of Ralink last year and Lei Ling into MediaTek, it is mainly considering the fierce competition in IC design, hoping to promote industrial integration, based on previous merger experience, although the fourth quarter of last year, revenue Slight decline, but the first quarter orders are not weak, on behalf of the merger with good results, the future also hopes to merge into MediaTek, can stabilize its position in the world's top ten IC design companies.
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