RFMD » Topics » NOTE 2. ELIMINATION OF SIRENZA'S HISTORICAL ASSETS AND LIABILITIES

This excerpt taken from the RFMD 8-K filed Jan 25, 2008.

NOTE 2.     ELIMINATION OF SIRENZA'S HISTORICAL ASSETS AND LIABILITIES

Under the purchase method of accounting, the historical book value of goodwill, intangible assets and deferred taxes were eliminated upon the completion of the merger and the other acquired assets and assumed liabilities and unrecorded intangibles were reevaluated following the completion of the merger as described in Note 3 below.  Deferred taxes have been established based upon the difference between the recorded bases of assets and liabilities and their tax bases.  Any purchase price in excess of the recorded fair value of identified assets and liabilities has been ascribed to goodwill.  In addition, the total stockholders' equity of RFMD has been increased as described in Note 3 below.

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