Microsoft (MSFT) Affirms Purchase of Perceptive Pixel
Tweet
Share
E-mailGet Alerts MSFT Hot Sheet
Price: $395.66 +2.79%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
EPS Growth %: +16.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
EPS Growth %: +16.2%
Join SI Premium – FREE
Microsoft Corp. (Nasdaq: MSFT) and Perceptive Pixel Inc. (PPI) today announced that they have entered into a definitive agreement under which Microsoft will acquire PPI, a recognized leader in research, development and production of large-scale, multi-touch display solutions.
The release affirms earlier headlines.
Founded in 2006 by Jeff Han, a renowned pioneer in multi-touch technology, PPI shipped its first multi-touch workstation and large wall solutions in early 2007. In 2008 its technology gained widespread recognition for transforming the way CNN and other broadcasters covered the 2008 U.S. presidential election. In 2009 the Smithsonian awarded the company the National Design Award in the inaugural category of Interaction Design. PPI's patented technologies are used across a wide variety of industries such as government, defense, broadcast, energy exploration, engineering and higher education, and its expertise in both software and hardware will contribute to success in broad scenarios such as collaboration, meetings and presentations.
Terms of the deal were not disclosed. The acquisition is subject to customary closing conditions, including regulatory approval.
The release affirms earlier headlines.
Founded in 2006 by Jeff Han, a renowned pioneer in multi-touch technology, PPI shipped its first multi-touch workstation and large wall solutions in early 2007. In 2008 its technology gained widespread recognition for transforming the way CNN and other broadcasters covered the 2008 U.S. presidential election. In 2009 the Smithsonian awarded the company the National Design Award in the inaugural category of Interaction Design. PPI's patented technologies are used across a wide variety of industries such as government, defense, broadcast, energy exploration, engineering and higher education, and its expertise in both software and hardware will contribute to success in broad scenarios such as collaboration, meetings and presentations.
Terms of the deal were not disclosed. The acquisition is subject to customary closing conditions, including regulatory approval.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Microsoft (MSFT) PT Raised to $525 at Evercore ISI
- Microsoft (MSFT) PT Lowered to $625 at Wells Fargo
- Brown-Forman CEO Lawson Whiting Planning to Step Down - WSJ
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
