“RDA Microelectronics files for $100 million IPO - AP - msnbc.com” plus 1 more |
| RDA Microelectronics files for $100 million IPO - AP - msnbc.com Posted: 22 Oct 2010 11:50 AM PDT NEW YORK — RDA Micoelectronics Inc., a Chinese chip developer, plans to raise up to $100 million in an initial public offering of its American depositary shares. In a filing with the Securities and Exchange Commission Thursday, RDA said it has about 500 customers, nearly all in China. The company develops radio-frequency and mixed-signal semiconductors used in set-top boxes, MP3 players and other wireless and consumer electronic devices sold in China, India, Latin America and elsewhere. RDA said it plans to use the proceeds from the offering for working capital and other general corporate purposes such as product development and capital expenses. The company had 2009 revenue of $118.4 million, up from $55.5 million in 2008. The underwriters are Morgan Stanley, Credit Suisse and Caris & Co. RDA plans to have its American depositary shares listed on the Nasdaq Global Market under the symbol "RDA." Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Personal Finance: 5 Things You Should Do Before 2011 - Associated Content Posted: 25 Oct 2010 10:49 AM PDT With 2010 quickly coming to an end, now is the time to think about cleaning up and/or improving your personal finance situation. There are several items that, if performed before the end of  1. Converting from a traditional to a Roth IRA. In 2010, the $100,000 income threshold on converting from a traditional to a Roth IRA was lifted, allowing individuals of any income to make the switch. What's more, for 2010 only, the taxes that must be paid from the conversion can be paid over the next two years (2011 and 2012). Keep in mind that if you do plan on making the actual conversion, you have only until midnight of December 31st, and not April 15th, to do so. The distributions that are received by December 31st can still be rolled over into a Roth IRA until March 1st of the following year, however, which is 60 days after they are received by the account holder. 2. Selling winning stocks. Investors who are in the two lowest income tax brackets (10% and 15%) and who sell their winning securities by the end of 2010 will pay no capital gains tax. This applies to long-term capital gains only, which are defined as the appreciation of securities (e.g., stocks, mutual funds) that have been owned for over one year. The no taxation benefit for investors who are in the two lowest income tax brackets will end in 2011, resulting in a 10% tax on long term capital gains in 2011. 3. Selling losing stocks. If you want to offset some capital gains on your income taxes, sell some of your depreciated stock in 2010. These losses can be subtracted from any capital gains that you have made. Leftover losses can offset up to $3,000 of your 2010 ordinary income. In addition, if your losses are greater than your capital gains and $3,000 of ordinary income combined, you can carry those losses over into future tax years. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
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