MOT » Topics » Terayon Communication Systems, Inc.

These excerpts taken from the MOT 10-K filed Feb 26, 2009.
Terayon Communication Systems, Inc.
 
In July 2007, the Company acquired Terayon Communication Systems, Inc. (“Terayon”), a provider of real-time digital video networking applications to cable, satellite and telecommunication service providers worldwide, for $137 million in net cash. The Company recorded $21 million in goodwill, none of which is expected to be deductible for tax purposes, and $52 million in identifiable intangible assets. Intangible assets are included in Other assets in the Company’s consolidated balance sheets. The intangible assets are being amortized over periods ranging from 4 to 6 years on a straight-line basis.
 
The results of operations of Terayon have been included in the Home and Networks Mobility segment in the Company’s consolidated financial statements subsequent to the date of acquisition. The pro forma effects of this acquisition on the Company’s consolidated financial statements were not significant.
 
Terayon
Communication Systems, Inc.



 



In July 2007, the Company acquired Terayon Communication
Systems, Inc. (“Terayon”), a provider of real-time
digital video networking applications to cable, satellite and
telecommunication service providers worldwide, for
$137 million in net cash. The Company recorded
$21 million in goodwill, none of which is expected to be
deductible for tax purposes, and $52 million in
identifiable intangible assets. Intangible assets are included
in Other assets in the Company’s consolidated balance
sheets. The intangible assets are being amortized over periods
ranging from 4 to 6 years on a straight-line basis.


 



The results of operations of Terayon have been included in the
Home and Networks Mobility segment in the Company’s
consolidated financial statements subsequent to the date of
acquisition. The pro forma effects of this acquisition on the
Company’s consolidated financial statements were not
significant.


 




These excerpts taken from the MOT 10-K filed Feb 28, 2008.
Terayon Communication Systems, Inc.
 
In July 2007, the Company acquired Terayon Communication Systems, Inc. (“Terayon”), a provider of real-time digital video networking applications to cable, satellite and telecommunication service providers worldwide, for $137 million in net cash. The Company recorded $102 million in goodwill, none of which is expected to be deductible for tax purposes and $52 million in identifiable intangible assets. Intangible assets are included in Other assets in the Company’s consolidated balance sheets. The intangible assets are being amortized over periods ranging from 4 to 6 years on a straight-line basis.
 
The Company is in the process of performing a review of its ability to utilize acquired tax carryovers. In addition, the Company is in the process of finalizing valuations of acquired assets and liabilities. Accordingly, the outcome of these processes may result in an adjustment to the preliminary purchase price allocation. Any necessary adjustment will be recorded in the period finalized.
 
The results of operations of Terayon have been included in the Home and Networks Mobility segment in the Company’s consolidated financial statements subsequent to the date of acquisition. The pro forma effects of this acquisition on the Company’s consolidated financial statements were not significant.
 
Terayon
Communication Systems, Inc.



 



In July 2007, the Company acquired Terayon Communication
Systems, Inc. (“Terayon”), a provider of real-time
digital video networking applications to cable, satellite and
telecommunication service providers worldwide, for
$137 million in net cash. The Company recorded
$102 million in goodwill, none of which is expected to be
deductible for tax purposes and $52 million in identifiable
intangible assets. Intangible assets are included in Other
assets in the Company’s consolidated balance sheets. The
intangible assets are being amortized over periods ranging from
4 to 6 years on a straight-line basis.


 



The Company is in the process of performing a review of its
ability to utilize acquired tax carryovers. In addition, the
Company is in the process of finalizing valuations of acquired
assets and liabilities. Accordingly, the outcome of these
processes may result in an adjustment to the preliminary
purchase price allocation. Any necessary adjustment will be
recorded in the period finalized.


 



The results of operations of Terayon have been included in the
Home and Networks Mobility segment in the Company’s
consolidated financial statements subsequent to the date of
acquisition. The pro forma effects of this acquisition on the
Company’s consolidated financial statements were not
significant.


 




This excerpt taken from the MOT 10-Q filed Nov 6, 2007.
Terayon Communication Systems, Inc.
 
On July 20, 2007, the Company acquired Terayon Communication Systems, Inc. (“Terayon”), a company dedicated to creating video processing solutions that optimize bandwidth and enable content to be delivered based upon the regional and local interest of viewers, for $137 million in net cash. The Company recorded $100 million in goodwill, none of which is expected to be deductible for tax purposes and $52 million in identifiable intangible assets. Intangible assets are included in Other assets in the Company’s condensed consolidated balance sheets. The intangible assets are being amortized over periods ranging from 4 to 6 years on a straight-line basis.
 
The Company is in the process of performing a review of its ability to utilize acquired tax carryovers. In addition, the Company is in the process of finalizing valuations of acquired assets and liabilities. Accordingly, the outcome of these processes may result in an adjustment to the preliminary purchase price allocation. Any necessary adjustment will be recorded in the period finalized.
 
The results of operations of Terayon have been included in the Home and Networks Mobility segment in the Company’s condensed consolidated financial statements subsequent to the date of acquisition. The pro forma effects of this acquisition on the Company’s financial statements were not significant.
 
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