Analysis
Microsemi Completes Acquisition of AML Communications, Inc.
Microsemi Corporation announced that its acquisition of AML Communications, Inc. (OTCBB:AMLJ) closed on Friday, May 27, 2011. We are pleased to move forward with AML's contribution to the Microsemi family, stated James J. Peterson, Microsemi President and Chief Executive Officer. RF components are increasingly important in today's defense programs and Unmanned Aerial Vehicle (UAV) systems and this acquisition brings scale and complementary technology to Microsemi's fast-growing RF component and subsystems product offering.
As wAs a reminder, in its fiscal second quarter earnings conference call, the company forecast sequential revenue growth on the order of 3%-5%, excluding the effect of any pending acquisition.