Company Profile For Microsemi Corporation

Microsemi Corporation (Microsemi) is a designer, manufacturer and marketer of analog and mixed-signal integrated circuits (IC) and semiconductors. The Company operates in one segment, which is the manufacturer of semiconductors in different geographic areas. The Company’s semiconductors manage and control or regulate power, and transmit, receive and amplify signals. The Company’s products include individual components, as well as integrated circuit solutions. The principal end markets that it serves commercial air/satellite, defense, industrial/semicap, medical, mobile/connectivity and notebook/ liquid crystal display (LCD) television / display. In April 2009, the Company acquired the Space Level Power Products business of Spectrum Microwave, Inc., a wholly owned subsidiary of Spectrum Control, Inc. During the fiscal year ended September 27, 2009 (fiscal 2009), Microsemi acquired Electro Module, Inc. and its wholly owned subsidiary, Babcock, Inc.

BRIEF: For the thirty nine weeks ended 28 June 2009, Microsemi Corporation's revenue decreased 10% to $343.3M. Net income decreased 86% to $4.4M. Revenues reflect lower demand for the product & services of the Company in Asian markets. Net income also reflects an increase in selling, general & administrative expenses, higher amortization of intangibles, a rise in restructuring charges and higher in process research & development charges.