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Subsequent Event
12 Months Ended
Jul. 31, 2014
Subsequent Event [Abstract]  
Subsequent Event

Note 22—Subsequent Event

 

On October 8, 2014, the Company completed the sale of its interests in Fabrix to Telefonaktiebolget LM Ericsson (publ) (“Ericsson”). The final sale price for 100% of the shares in Fabrix was $95 million in cash, excluding transaction costs and working capital and other adjustments. The Company owned approximately 78% of Fabrix on a fully diluted basis. The Company’s share of the sale price, net of transaction costs, is expected to be approximately $73 million in cash. The Company and the other shareholders have placed $13 million of their proceeds in escrow for the resolution of post-closing claims that may arise. Any unclaimed escrow balance will be released in two tranches over a period of 18 months.