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Entropic's fuzzy IPO

Entropic Communications (NASDAQ: ENTR), which develops home networking semiconductors, tried to price its IPO at $9 to $11. But investors thought the valuation was too rich. So, the deal came out at $6 per share. In all, the company raised $41.3 million.

No doubt, Entropic is in a hot space -- helping deliver video and music to homes (through cable set-top boxes). According to a study from iSuppli, the global market for home networking silicon is forecast to grow from $1.1 billion in 2007 to $3.1 billion by 2011.

Entropic has 55 customers, which includes biggies like Motorola (NYSE: MOT) and Jabil Circuit. The company also has key strategic investors, such as Cisco (NASDAQ: CSCO).

And, for the first nine months of this year, revenues spiked from $24.9 million to $82.4 million.

The lead underwriters include Credit Suisse (NYSE: CS) and Lehman Brothers (NYSE: LEH). You can find the prospectus at the SEC website. Also, for other recent IPO information, visit DealProfiles.com.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements.

Intel sales up, AMD's down

iSuppli, a niche research firm that focuses on the semiconductor industry, recently published a report on the state of the industry in 2007. The report, an excerpt of which can be found here, is chunk full of info.

Intel (NASDAQ: INTC), the world's largest semiconductor supplier, has extended its lead over rival Advanced Micro Devices (NYSE: AMD), raising its market share to 12.5 percent while AMD dropped out of the top 10. Intel's revenues are expected to rise by almost 8 percent in 2007, far exceeding the growth rate of the entire industry, which iSuppli pegs at around 4 percent.

AMD, on the other hand, has had a rough go of it this year. While making the top 10 list for the first time last year, AMD is looking at a forecast of sales down almost 23 percent.

Continue reading Intel sales up, AMD's down

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Last updated: February 11, 2012: 01:54 AM

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