SMART Modular delivers solutions to a broad customer base, including OEMs in computing, networking, communications, storage, mobile, military, aerospace and industrial markets. 83205yaa2 3690000.00000000 pa usd 3259516.08000000 0.086400086108 long dbt corp ky n 2 2026-02-15 fixed 0.02250000 n n n n y smart global holdings inc usd xxxx n n n ase technology holding co ltd 300300go8qhpmv87nz73. DURHAM, N.C.--(BUSINESS WIRE)--Oct 19, 2020--Cree, Inc. (Nasdaq: CREE) today announced that the Company has entered into a definitive agreement to sell its LED Products business unit (“Cree LED”) to SMART Global Holdings, Inc. (Nasdaq: SGH) for up to $300 million, including fixed upfront and deferred payments and contingent consideration. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. About SMART Modular Technologies Shares did fall to under $74 in afternoon trading, however. The AP news staff was not involved in its creation. These statements are forward-looking and actual results may differ materially. SMART Global Holdings (NASDAQ:SGH) inks agreement with Cree (NASDAQ:CREE) to purchase the Cree LED Products business unit for up to $300M, including fixed … January 5, 2021 by admin. Company Description. Featured Projects Our Services . By providing your email address below, you are providing consent to Smart Global Holdings to send you the requested Investor Email Alert updates. Taking innovations from the design stage through manufacturing and supply, SMART Modular has developed a comprehensive product line comprised of DRAM, Flash and hybrid memory and storage technologies across various form factors. SMART Global Holdings , Inc. (Nasdaq: SGH) today announced that it has entered into a definitive agreement with Cree, Inc. (Nasdaq: CREE) to purchase the Cree LED Products business unit (“Cree LED”) for up to $300 million , including fixed upfront and deferred payments and contingent consideration. SMART Global Holdings manufactures memory for desktops, notebooks, and servers, as well as mobile memory for smartphones. Net sales of $291.7 million, 7.2% higher than the year ago quarter. Shares of SMART Global Holdings are having a bad day today. Vector Metering, New Zealand’s leading advance metering hardware and service provider expertise, delivers services to more than 1.7 million homes and business across the country. 01/08/2020. Adjustments to reconcile net income to net cash provided by operating activities: Provision for doubtful accounts receivable and sales returns, (Gain) Loss on disposal of property and equipment, Amortization of debt discounts and issuance costs, Amortization of operating lease right-of-use assets. SMART Global Holdings, Inc. designs and manufactures electronic products focused in memory and computing technology areas. At that level they are trading at 23.41% discount to the analyst consensus target price of 0.00. WE, Transform Your eCommerce Solution. The Company, through its subsidiaries, provides specialty memory solutions. SMART Global Holdings Inc. entered into an agreement with Cree Inc. to purchase the Cree LED Products business. SMART Modular is a global leader in specialty memory solutions such as DRAM memory modules, solid-state drives, and flash-based removable and embedded Memory. Forward-Looking Statements This release contains, and statements made during the above-referenced conference call will contain “forward-looking statements” including among other things, statements regarding future events and the future financial performance of SMART (including the business outlook for the next fiscal quarter) and statements regarding growth drivers in SMART’s industries and markets. About SMART Global Holdings– SGH SGH is comprised of business units that are leading designers and manufacturers of electronic products focused on computing and memory technology. You must click the activation link in order to complete your subscription. SMART Global Holdings specializes in application-specific product development and support for customers in enterprise, government and OEM sales channels. We define Adjusted EBITDA as GAAP net income (loss) plus net interest expense, income tax expense, depreciation and amortization expense, share-based compensation expense, loss on extinguishment of debt/revolver, capped call mark to market (MTM) adjustment, restructuring expenses, integration expenses, COVID-19 expenses, acquisition-related expenses, gain on settlements and other infrequent or unusual items. GAAP net income of $2.0 million, or $0.08 per share, compared with $0.2 million or $0.01 per share in the year ago quarter. +44 (0) 1243 531123rhianna@napierb2b.com. Shares used in computing earnings per share: (1) Includes share-based compensation expense as follows: (2) Includes amortization of intangible assets expense as follows: Reconciliation of Non-GAAP Financial Measures to GAAP Results, Add: Share-based compensation included in cost of sales, Add: Intangible amortization included in cost of sales, Less: Share-based compensation expense included in opex, Less: Amortization of intangible assets included in opex, Add: Gain on settlement of indemnity claim, Add: Convertible debt discount OID and fees, Tax effect of adjustments to GAAP results, Tax effect of items excluded from non-GAAP results, Shares used in computing earnings per share (diluted), Reconciliation of GAAP Net Income to Adjusted EBITDA, Prepaid expenses and other current assets. SMART Global Holdings, Inc. designs and manufactures electronic products focused in memory and computing technology areas. These forward-looking statements are made as of today, and SMART does not intend, and has no obligation, to update or revise any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release, except as required by law. The acquisition is valued at up to $300 million. The non-GAAP financial results presented herein exclude share-based compensation expense, intangible amortization expense, loss on extinguishment of debt/revolver, capped call MTM adjustment, convertible debt original issue discount (OID) and fees, restructuring expenses, integration expenses, COVID-19 expenses, acquisition-related expenses, gain on settlements and other infrequent or unusual expenses, and with respect to non-GAAP diluted EPS, foreign currency gains (losses). Type of Company. The Web's Largest Resource for Acronyms & Abbreviations. The Company, through its subsidiaries, provides specialty memory solutions. Our Services . SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas. Analysts covering Smart Global Holdings Inc currently have a consensus Earnings Per Share (EPS) forecast of 3.28 for the next financial year. In addition, these measures may not be used similarly by other companies and therefore may not be comparable between companies. About SMART Global Holdings The SMART family of companies are global leaders in specialty memory, storage and hybrid solutions serving the electronics industry with standard and custom products for over 25 years. Employees (Worldwide) 1,538. Cree Inc., Durham NC, has entered into a definitive agreement to sell its LED Products business unit to SMART Global Holdings Inc. for up to USD$300-million, including fixed upfront and deferred payments and contingent consideration. (1) Amounts related to acquisitions of Cree (pending) and SMART EC & Wireless (July 2019). Public. 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