SMSC (NASDAQ: SMSC), a leading semiconductor company enabling content rich connectivity systems, today announced that it has added Windows 8 support to its JukeBlox ® 3.0 wireless audio platform. JukeBlox 3.0 is the one of the industry’s first independent platforms to enable wireless audio streaming with Windows 8. Leading consumer electronic brands are powered by SMSC’s JukeBlox technology which brings wireless and Internet connectivity for music streaming throughout the home. According to Gene Sheridan, senior vice president and general manager of SMSC’s Wireless Products Group, “This collaboration with Microsoft, which delivers compatibility between the ubiquitous Windows platform and SMSC’s emerging JukeBlox standard, opens the door to simple wireless music streaming for the mass market with Windows-enabled PCs and tablets.” JukeBlox technology connects tablets, smartphones, PCs, Macs and other consumer electronics products to a new world of audio entertainment. With the industry's only system-on-a-chip (SoC) and Software Design Kit (SDK) for networked audio, SMSC is making the connected home a reality and enabling consumers to access their local or cloud-based music library from any device and from any room in the home. Offering integrated Wi-Fi® support, the JukeBlox software platform enables music streaming to virtually all home audio equipment including home theater systems, A/V receivers, radios, wireless speakers and portable music player docking stations. Some of the biggest brands in consumer electronics, including Denon, Pioneer, Harman-Kardon, Nokia and Philips, are using JukeBlox technology in their products. More on SMSC’s Wireless Audio Platform SMSC’s focus on wireless audio solutions propels the company to a leadership position in the wireless audio market. The JukeBlox platform offers popular music applications along with the industry standard Ethernet and Wi-Fi interfaces to give customers access to music content from all over the world via their home networks or the Internet. Kleer technology enables high quality, low latency wireless distribution of digital content to headphones, speakers and other audio devices to enhance the consumer’s listening experience. SMSC’s KleerNet technology gives consumers the option of choosing among KleerNet-enabled audio products from various consumer brands for use in their home, office, or portable applications. Examples of wireless audio products that incorporate KleerNet technology are 5.1/7.1 surround sound home theater systems, sound bars, sub-woofers, headphones, and gaming and VOIP headsets. KleerNet wireless audio products are designed to co-exist with Wi-Fi and Bluetooth ® traffic and support multi-band RF, low latency, low power and high bit and sampling rates. For more information on Kleer, KleerNet or JukeBlox products, visit www.smsc.com/wireless_audio. About SMSC SMSC is a leading developer of Smart Mixed-Signal Connectivity ™ solutions. SMSC employs a unique systems level approach that incorporates a broad set of technologies and intellectual property to deliver differentiating products to its customers. The company is focused on delivering connectivity solutions that enable the proliferation of data in personal computers, automobiles, portable consumer devices and other applications. SMSC’s feature-rich products drive a number of industry standards and include USB, MOST ® automotive networking, Kleer ® wireless audio, embedded system control and analog solutions, including thermal management and RightTouch ® capacitive sensing. SMSC is headquartered in New York and has offices and research facilities in North America, Asia, Europe and India. Additional information is available at www.smsc.com. Forward Looking Statements Except for historical information contained herein, the matters discussed in this announcement are forward-looking statements about expected future events and financial and operating results that involve risks and uncertainties. These uncertainties may cause our actual future results to be materially different from those discussed in forward-looking statements. Our risks and uncertainties include the timely development and market acceptance of new products; the impact of competitive products and pricing; our ability to procure capacity from our suppliers and the timely performance of their obligations, commodity prices, interest rates and foreign exchange, potential investment losses as a result of liquidity conditions, the effects of changing economic and political conditions in the market domestically and internationally and on our customers; our ability to realize the expected benefits of acquisitions; our relationships with and dependence on customers and growth rates in the personal computer, consumer electronics and embedded and automotive markets and within our sales channel; changes in customer order patterns, including order cancellations or reduced bookings; the effects of tariff, import and currency regulation; potential or actual litigation; and excess or obsolete inventory and variations in inventory valuation, among others. In addition, SMSC competes in the semiconductor industry, which has historically been characterized by intense competition, rapid technological change, cyclical market patterns, price erosion and periods of mismatched supply and demand.
Standard Microsystems Corporation (Nasdaq:SMSC) hit a new 52-week high Wednesday as it is currently trading at $36.29, above its previous 52-week high of $28.25 with 8.7 million shares traded as of 10 a.m. ET. Average volume has been 129,600 shares over the past 30 days.
Shares of Standard Microsystems Corporation (Nasdaq:SMSC) were gapping up Wednesday morning with an open price 10.8% higher than Tuesday's closing price. The stock closed at $24.23 yesterday and opened today's trading at $26.85.