Integrated Device Technology, Inc. (NYSE:IDT) (NASDAQ:IDTI), the Analog and Digital Company delivering essential mixed-signal semiconductor solutions, announced results this week for the fiscal third quarter ended January 2, 2011.
“Our third quarter results were in line with our prior projections as we continue to execute our long-term strategy,” said Dr. Ted Tewksbury, president and CEO of IDT. “We made significant progress reducing channel inventories during the quarter, while growing sales in the enterprise computing end market. We are well positioned to accelerate revenue and earnings growth in the second half of this calendar year as our core business improves and new products continue to ramp, driven by cloud computing and the rollout of 4G/LTE wireless infrastructure.”
Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of integrated circuits for communications, computing, and consumer industries worldwide. It operates in two segments, Communications, and Computing and Consumer. The Communications segment offers communication clocks, digital logic products, FIFO memories, serial RapidIO solutions for wireless base station infrastructure applications, static random access memory products, and telecommunications semiconductor products. This segment markets its products to the enterprise, data center, and wireless markets. The Computing and Consumer segment provides timing products, PCI Express switching and bridging solutions, high-performance server memory interfaces, multi-port products, touch controllers, signal integrity products, and PC audio and video products. This segment?s computing products are designed for desktop, notebook, sub-notebook, storage, and server applications; and consumer products are optimized primarily for gaming consoles, set-top boxes, digital TV, and smart phones. The company markets its products primarily to original equipment manufacturers through various channels, including a direct sales force, distributors, electronic manufacturing suppliers, and independent sales representatives. Integrated Device Technology, Inc. was founded in 1980 and is headquartered in San Jose, California.
GOLD: A total of 165,000 tons of gold have been mined in human history, as of 2009. This is roughly equivalent to 5.3 billion troy ounces or, in terms of volume, about 8,500 m³, or a cube 20.4 m on a side. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry. It is known to all that the primary use of gold is associated to jewelry. About 78% of the gold consumed each year goes into the manufacturing of different jewelry products. Although primarily used as a store of value, gold has many modern industrial uses including dentistry and electronics. Gold has traditionally found use because of its good resistance to oxidative corrosion and excellent quality as a conductor of electricity.
Gold's Usefulness as a safe haven:
The geo-political and world economic structure is currently undergoing major change-some have even called the situation an "upheaval." This means that the investment outlook, particularly for certain parts of the world, is more unpredictable than usual. Under these circumstances, it is logical to conclude that certain investment portfolios should include real (non-paper) assets such as commodities for protection against a potential decline in the paper markets.
Gold is the most malleable and ductile of all metals; a single gram can be beaten into a sheet of 1 square meter, or an ounce into 300 square feet. Gold leaf can be beaten thin enough to become translucent. The transmitted light appears greenish blue, because gold strongly reflects yellow and red. Such semi-transparent sheets also strongly reflect infrared light, making them useful as infrared (radiant heat) shields in visors of heat-resistant suits, and in sun-visors for spacesuits.
Orofino Gold Corp. engages in acquisition, exploration, and development of gold properties in Mexico and Colombia. ORFG has an option to acquire properties in the Sur de Bolivar Department of Colombia South America. ORFG was formerly known as SNT Cleaning, Inc. and changed its name to Orofino Gold Corp. in December 2009. ORFG was founded in 2005 and is based in Central, Hong Kong.
To learn about ORFG visit: http://www.orofinogold.com
Proper Power & Energy, Inc. (OTC:PPWE)
Proper Power met with the executives of Thrust Resources Inc. and EQ Resources Inc. in Dallas, Texas on January 20, 2011. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of Proper Power.
In other company news, Proper Power announced this month that its wholly owned subsidiary, American Resources, Inc. (NYSE:ARI), has begun production on its 87.5 acres in Western Kentucky.
Furthermore, Proper Power announced this month that it has restructured its executive management team and entered into a strategic alliance.
About Proper Power & Energy:
Proper Power & Energy, Inc. is an independent exploration and production company. PPWE's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which PPWE controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to PPWE, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
To learn more about PPWE visit: http://properpower.com
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