2.31%C 7.40 5.37%QQQQ 27.81 2.83%
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FREMONT, Calif. - Semiconductor design software maker Virage Logic Corp. said Monday that it bought radio frequency identification technology company Impinj Inc.'s logic nonvolatile memory intellectual property business for $5.2 million.
| VIRL | 3.09 |  0.25 |
Virage said the purchase includes more than 50 Impinj patents. Virage also hired 30 employees formerly with Impinj who worked on the logic nonvolatile memory intellectual property business, most of whom work in research and development.
Virage expects the deal will be neutral to or have a slightly negative effect on its fiscal fourth-quarter earnings and add 3 cents to 6 cents per share to its 2009 earnings.
Virage shares fell 4 cents to $7.15.
U.S. stocks were mixed on Thursday after retailers reported mostly disappointing sales while other big-name companies announced layoffs and Europ...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.
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