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What: Shares of Integrated Device Technology
So what: Fourth-quarter revenue came in at $119.1 million, with earnings per share of $0.05, both of which topped forecasts. CEO Ted Tewksbury said the results showed improving trends within the communications and enterprise markets, and that IDT is focusing on 4G LTE wireless infrastructure as one of its growth areas.
Now what: In addition to the earnings, IDT said it intends to acquire PLX Technology
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