NEWPORT BEACH, Calif.-Conexant Systems said it opened a wireless communications research and development center in Shanghai, China, and a sales office in Beijing. The Wireless Communications Development Center will allow the company to transfer technology and provide technical support to Conexant customers in China....
PALM BAY, Fla.-Harris Corp.'s former semiconductor unit launched its new name and corporate identity.The company's new name is Intersil Corp.The company appointed Gregory L. Williams president and chief executive officer. Williams said Intersil's position as a stand-alone semiconductor supplier will deliver the focus and...
NEW YORK-The Hewlett-Packard Co., Palo Alto, Calif., registered with the Securities and Exchange Commission Aug. 16 to spin off its test and measurement division by taking it public.The unit, given the name of Agilent Technologies Inc., plans to raise up to $100 million through...
AerisAeris Communications Inc. added to its senior management team, naming Peter F. Stone chief financial officer and Patricia E. Hart vice president and general counsel.Aeris also announced Douglas M. Pavicich is its new director of operations. Pavicich will oversee all the day-to-day operations and...
LucentLucent Technologies Inc. introduced software that will turn down transmitter power levels when the user is not speaking into the handset, effectively increasing talk time by extending battery life up to 30 percent. The discontinuous transmission feature will be generally available for network operators...
SCHAUMBURG, Ill.-Motorola Inc. said it completed its transaction with Texas Pacific Group for the management buyout of a business unit of Motorola's Semiconductor Products Sector-the Semiconductor Components Group.Under terms of the transaction, Motorola received $1.6 billion in cash, notes and approximately 10 percent of...
CUPERTINO, Calif.-Morphics Technology Inc., a privately held company that designs and sells software-programmable/hardware-configurable semiconductor products for the wireless industry, raised $13.5 million in its second round of equity financing.The funds raised through the latest round of financing will be used to complete initial product...
AMSTERDAM-Philips Electronics NV released its second-quarter results, reporting a 28-percent drop in net earnings. The Dutch group posted net income of $288 million, down from $400 million in the same quarter last year.The fall in earnings can be attributed in part to its semiconductor...
ELite Logistic ServicesElite Logistic Services Inc. introduced its PageTrack control module, a wireless automotive security, control and monitoring solution. The system uses SkyTel Communications Inc.'s two-way ReFLEX network, the ReFLEX CreataLink 2 XT two-way data transceiver from Motorola Inc. and global positioning system technology....
NEW YORK-Happy days are here again for Motorola Inc., Schaumburg, Ill., which announced second-quarter earnings late July 13 of $273 million, or 44 cents per share.The gains are three cents per share ahead of analysts' consensus estimates of 41 cents and a quantum leap...
NEW YORK-Motorola Credit Corp. has sold $500 million of euro-denominated bonds paying 6.75 percent interest in order to raise capital for lending money to purchasers of wireless equipment from its parent, Motorola Inc.In its first assessment of Motorola Credit's long-term bonds, Moody's Investors Service...
TOKYO-Hitachi Ltd., Intel Corp., Mitsubishi Electric Corp. and Sharp Corp. agreed to standardize specifications for stacked chip scale packages, a multiple memory module for mobile communications and handheld computing applications.Specifications of S-CSP with flash memory and SRAM chips include compatibility of pin assign, unification...
Nine global wireless companies formed a focus group, called 3G.IP, to promote an Internet Protocol-based wireless system for third-generation technology. The group comprises AT&T, British Telecom, Rogers Cantel, Ericsson, Lucent, Nokia, Nortel Networks, Telenor and Telecom Italia Mobile.Motorola signed a 10-year, US$1 billion strategic...
HILLSBORO, Ore.-TriQuint Semiconductor Inc. filed with the Securities and Exchange Commission a registration statement relating to the proposed offering of approximately 3.8 million shares of its common stock.Three million shares are to be sold by the company and 863,314 are to be sold by...
MELBOURNE, Fla.-In keeping with its strategy to focus exclusively on the worldwide communications equipment market, Harris Corp. announced it is selling its semiconductor business to a subsidiary of Sterling Holding Co. L.L.C., a Citicorp Venture Capital Ltd. investment portfolio company.Other investors include affiliates of...
PHOENIX-Motorola Inc.'s Semiconductor Products Sector announced it signed a memorandum of understanding with the Institute for Semiconductor Physics of Frankfurt, Germany, to jointly develop a new wireless platform based on their respective technologies.Under the agreement, the two will combine Motorola's CMOS semiconductor technology with...
The Semiconductor Industry Association said it is encouraged by President Clinton's decision to extend Normal Trade Relations with China for another year, and it urged Congress to support the measure. "If Congress fails to support extension of NTR with China, American industries could lose...
NEW BRUNSWICK, N.J.-To move device interconnectivity from enticing theory to practical reality, the new Wireless Research Center of the University of California at Berkeley has formed a bi-coastal collaboration with the Wireless Information Network Laboratory at Rutgers University in New Jersey."We started the Wireless...
XircomXircom Inc. announced a new product line called CompactCard, which it said extends wireless connectivity for Windows CE handheld computers. CompactCard is a series of Type II CompactFlash cards that give Windows CE devices access to Ethernet, modem and Global System for Mobile communications...
SCHAUMBURG, Ill.-Motorola Inc. last week agreed to a management buyout of its Semiconductor Components Unit in a deal led by Texas Pacific Group, a private investment partnership that specializes in acquisitions.Terms of the proposed transaction call for Motorola to receive about $1.6 billion in...
VLSI Technology Inc. said it received a major order from Mitsubishi Electric Corp. for its OneCT single-chip Global System for Mobile communications baseband solution. The order is valued at $19 million. Mitsubishi will use the OneCT product in its Trium GSM phones.Northern Telecom Ltd....
SnapTrack Inc. last week announced a strategic partnership with Motorola Inc. under which it will license its personal location system to Motorola's Semiconductor Products Sector.Motorola will use SnapTrack's technology through a royalty-bearing license agreement to offer personal location services as a part of its...
After coming off one of its worst years in history, the semiconductor industry continues to show signs of recovery.The industry finished last year with total sales of $125.6 billion, a decrease of 8.4 percent from year-end 1997 sales, according to the Semiconductor Industry Association....
Analysts last week hoped Motorola Inc. would shed some light in its earnings conference call on whether it will need to raise more money or take additional charges to cover its Iridium L.L.C. debt exposure, but the company avoided any specific questions on the...
