Conexant Systems, Inc.
News and overview for Conexant Systems, Inc.
Conexant Calls for Redemption of Remaining Floating Rate Senior Secured Notes Due 2010 [Press Release]
Business Wire | 4 days 30 minutes ago
Conexant Systems, Inc. (NASDAQ: CNXT) today announced that it will redeem the remaining $61.4 million of outstanding floating rate senior secured notes due in November 2010 on December 18, 2009. The notes will be redeemed at a cash redemption price equal to 101 percent of the principal amount of the notes, plus accrued and unpaid interest to the redemption date.
Conexant Exceeds Guidance for Fourth Quarter of Fiscal 2009 [Press Release]
Business Wire | 24 days 1 hour 30 minutes ago
Conexant Systems, Inc. (NASDAQ: CNXT) today announced that financial results for the fourth quarter of fiscal 2009 exceeded the guidance provided at the beginning of the quarter. The company also said that its imaging and audio businesses grew 18 percent on a sequential basis and accounted for 58 percent of total revenues.
Conexant Wins 2009 Green Supply Chain Award [Press Release]
Business Wire | 13 days 9 hours ago
Conexant Systems, Inc. (NASDAQ: CNXT), a leading supplier of innovative semiconductor solutions for imaging, audio, embedded-modem, and video applications, today announced that it won a 2009 Green Supply Chain Award from Supply & Demand Chain Executive (SDCE) magazine. Conexant was recognized for implementing a “green” or sustainable supply chain strategy within its own organization. Winners were selected based on a variety of criteria including the impact of the results to date, and projecte...
Conexant Systems 4th-qtr profit soars despite sales drop due to cost cuts, business sale
Sun (Baltimore), The | 23 days 20 hours 22 minutes ago
Chip maker Conexant Systems Inc. said its fiscal fourth-quarter profit soared as cost cuts and the sale of a business offset a drop in sales.
Conexant Launches New Family of Solutions for Growing Embedded Audio Applications [Press Release]
Business Wire | 26 days 10 hours ago
Conexant Systems, Inc. (NASDAQ:CNXT), a leading supplier of innovative semiconductor solutions for imaging, audio, embedded-modem, and video applications, today introduced a new family of audio system-on-chip (SoC) solutions for embedded audio and voice applications. The CX2070X SoCs are targeted at growing audio opportunities in multimedia IP phones, personal navigation devices, portable media players, and mobile Internet devices. Additional applications include MP3 player docking stations, ...
Conexant Systems profit soars despite sales drop
Forbes | 23 days 21 hours 23 minutes ago
NEWPORT BEACH, Calif. -- Chip maker Conexant Systems Inc. said its fiscal fourth-quarter profit soared as cost cuts and the sale of a business offset a drop in sales.
Conexant Announces Over-Allotment Exercise on Recent Common Stock Offering [Press Release]
Business Wire | 39 days 1 hour 30 minutes ago
Conexant Systems, Inc. (NASDAQ:CNXT) today announced that the underwriter of its recently concluded public offering of 7,000,000 shares of common stock exercised its over-allotment option to purchase an additional 1,050,000 shares of the company’s common stock, bringing the total shares sold to 8,050,000 at a price of $2.85 per share. The offering of 7,000,000 shares closed on September 29, 2009. Net proceeds to Conexant from the sale of the 8,050,000 shares of common stock, after deducting t...
Conexant Provides Details for Q4FY09 Earnings Conference Call [Press Release]
Business Wire | 40 days 10 hours ago
Conexant Systems, Inc. (NASDAQ: CNXT), a leading supplier of innovative semiconductor solutions for imaging, audio, embedded-modem, and video applications, plans to release its fourth fiscal quarter 2009 results on Thursday, Oct. 29, 2009. Financial analysts, members of the media, and the public are invited to participate in a conference call that will take place that day at 5:00 p.m. Eastern Time (ET)/ 2:00 p.m. Pacific Time (PT). Conexant senior management will discuss fourth quarter 2009 f...
Conexant sees proceeds of $21.2 million from stock offer
Sun (Baltimore), The | 38 days 22 hours 31 minutes ago
Chip maker Conexant Systems Inc. said Wednesday the underwriter of its public offering of 7 million shares exercised its right to buy nearly 1.1 million more shares, to cover overallotments.
Conexant to Present at Imperial Capital s 3rd Annual Global Opportunities Conference [Press Release]
Business Wire | 30 days 1 hour 30 minutes ago
Conexant Systems, Inc. (NASDAQ: CNXT), a leading supplier of innovative semiconductor solutions for imaging, audio, embedded-modem, and video applications, today announced that Christian Scherp, company co-president, will be present at Imperial Capital’s 3rd Annual Global Opportunities Conference on Thursday, November 5, 2009 at 11:30 a.m. Eastern time at the New York Palace Hotel in New York, NY. A link to the live Webcast will be posted on the Investor Relations section of Conexant’s Web si...
Conexant sees proceeds of $21.2M from stock offer
Forbes | 38 days 23 hours 16 minutes ago
NEWPORT BEACH, Calif. -- Chip maker Conexant Systems Inc. said Wednesday the underwriter of its public offering of 7 million shares exercised its right to buy nearly 1.1 million more shares, to cover overallotments.
Ikanos Communications Reports Results for Third Quarter 2009 [Press Release]
MarketWire | 25 days 20 hours 55 minutes ago
FREMONT, CA -- (Marketwire) -- 10/27/09 -- Ikanos Communications, Inc. (NASDAQ: IKAN), a leading provider of advanced broadband semiconductor and software products for the digital home, today reported its financial results for the third quarter ended September 27, 2009.
Conexant Systems profit soars despite sales drop
Seattle Times, The | 23 days 21 hours 34 minutes ago
NEWPORT BEACH, Calif. Chip maker Conexant Systems Inc. said its fiscal fourth-quarter profit soared as cost cuts and the sale of a business offset a drop in sales. Conexant also issued a first-quarter outlook above Wall Street's expectations, sending shares soaring 25 percent in after-hours trading. The stock closed the regular session up 31 cents, or 14.5 percent, at $2.44.
Conexant Systems profit soars despite sales drop - National Business - MiamiHerald.com
Miami Herald, The | 23 days 21 hours 17 minutes ago
NEWPORT BEACH, Calif. -- Chip maker Conexant Systems Inc. said its fiscal fourth-quarter profit soared as cost cuts and the sale of a business offset a drop in sales.
Wire Business News
Sacramento Bee (Calif.), The | 23 days 21 hours 14 minutes ago
NEWPORT BEACH, Calif. -- Chip maker Conexant Systems Inc. said its fiscal fourth-quarter profit soared as cost cuts and the sale of a business offset a drop in sales.
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Company Overview
| Company: | Conexant Systems, Inc. |
|---|---|
| Industry: | Communications Chips |
| Website: | http://www.conexant.com |
Conexant Systems' chips help electronic devices connect. The company, whose communications chips are found in most of the world's fax machines, has spun off several business units to focus on providing integrated circuits and subsystems for a variety of communications devices, including broadband access equipment, modems, and optical networking gear. Conexant sells its chips to a broad range of top high-tech manufacturers, including Apple, Dell, Hewlett-Packard, Microsoft, Motorola, and Samsung Electronics. Conexant gets nearly 90% of its sales from the Asia/Pacific region, predominantly in China.
Key Numbers
| Sales in U.S. Dollars (mil.) | 502.7 (2008) |
|---|---|
| One-year % Growth in Sales | -37.9 (2008) |
| Net Income in U.S. Dollars (mil.) | -300.2 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 1,279 (2008) |
| One-year % Growth in Number of Employees | -55.7 (2008) |
| Fiscal Year-End | September |