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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 67.09-2.5%3:57 PM EDT

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From: Elroy7/27/2022 6:57:38 PM
   of 2591
 
Listened to the Q2 MXL call. Here are some of their comments about the upcoming SIMO deal.....

Update on Acquisition of Silicon Motion

Acquisition is progressing well with projected close by mid - 2023

Announced that the waiting period under the HartScott-- Rodino Antitrust Improvements Act of 1976 expired on June 27, 2022

Filed with China's State Administration for Market Regulation (SAMR) on July 6

Registration statement on Form S Debt 4 declared effective by SEC on July 13

financing is secured, subject to customary closing conditions, with focus on optimizing structure
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Q&A

There was a question about SIMO's weak revenues (but strong gross margins) and a request the the MXL CFO give some guidance for SIMO's business. CFO declined to give guidance for SIMO, and said the deal is a long term thing, not quarter to quarter thing.

Not much commentary on SIMO really, other than they are moving forward with the deal as far as we/they know.
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