February 02, 2009
You Can Never Have Too Much Performance
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Virage Logic Announces Restructure Virage Logic Corporation announced a restructure as part of its on-going transformation to become a broad line supplier of highly differentiated standard IP products. The restructure includes the consolidation of two smaller R&D sites into four major R&D centers and closer alignment of sales resources to market opportunities. As a result of the restructure and the anticipated increase in efficiencies, the company expects to realize approximately a 13% reduction in labor expenses.
TI reports financial results for 4Q08 and 2008 Texas Instruments Incorporated announced fourth-quarter revenue of $2.49 billion, net income of $107 million and earnings per share (EPS) of $0.08.
These financial results include restructuring charges of $0.13 per share. Without the charges, EPS would have been $0.21, considerably better than the company's mid-quarter expectations.
TI also announced it is making reductions in employment because demand has continued to weaken with the slowing economy. Employment will be reduced 12 percent through 1800 layoffs and 1600 voluntary retirements and departures. Charges for these employment reductions will be about $300 million. Annualized savings from these reductions, plus those announced in October for the restructuring of the company's Wireless business, will be about $700 million after all reductions are complete in the third quarter of 2009.
Revenue for the quarter was down 30% year-over-year and net income was down 86%. Revenue for the year was down 10% and net income down 27%.
Mentor Graphics Extends High Level Synthesis Leadership with Acquisition of Agility Design Solutions Inc. C Synthesis Suite Mentor Graphics Corporation announced completion of the acquisition of the C synthesis assets of Agility Design Solutions Inc. These tools were formerly owned and marketed by Celoxica Holdings. Mentor Graphics intends to offer continued sales and support to existing customers, as well as an upgrade path to Catapult C® Synthesis, the market-leading high level synthesis tool.
ATopTech Closes Successful 2008, Reaches Revenue Milestone ATopTech, Inc announced that it achieved solid growth in 2008, ending the year with an 8-fold increase in production tape-outs and a broader customer base than it enjoyed in 2007. Revenues increased by 250 percent over 2007, aided by new orders and the company signing its first 8-figure contract with a customer.
Other EDA News
DesignCon 2009 Exhibition to Showcase Industry Leaders’ Insight and Inventive Electronic Design Solutions for New Year
Linear Technology Selects Virage Logic’s AEON® Non-Volatile Memory for use in High-Performance Power Management ICs
Power Architecture(R) Presentations and Multicore and Virtualization Demonstrations Focus of DesignCon Conference
ClioSoft Ends 2008 Financial Year with over 50% Growth in Bookings
Power Architecture Technology Expands Presence Globally as the Enabling Technology for the Connected World
Mentor Graphics and Freescale Expand Collaboration to Improve Manufacturing and Testing of Nanometer Technologies
Tensilica's Diamond Standard 330HiFi Audio DSP Licensed by Fujitsu Microelectronics for Portable Consumer Electronics
AMD and Virage Logic Collaborate to Provide Broad Portfolio of Standards-Based Interface IP Solutions
Mentor Graphics and Achronix Semiconductor Extend Synthesis Support for Achronix Field Programmable Gate Arrays
ISQED'09 to Highlight One Decade of Progress and Upcoming Trends in Electronic Design for Manufacturing & Quality
Intrinsity Standardizes On Magma's Talus IC Implementation Flow for High-Speed, Low-Power Processor Cores
Other Embedded, IP & SoC News
Xilinx Mobilizes Global Network to Address DO-254 and ED-80 Standards Requirements for Next-Generation Avionics
Pulsed RF Power Device Markets Will Sustain Solid Growth Despite Economic Woes, According to ABI Research
Research and Markets: The 2008 Chip Market Was the Fourth Successive Year of Single Digit Growth. Find out More at the Annual Semiconductor Industry Forecast Seminar - 22nd July 2009
AudioCodes Announces Availability of VoIPerfect and High Definition VoIP on MIPS Technologies' Cores
eSilicon CEO Jack Harding to Co-Host a Symposium Titled "Compete or Retreat" - Surviving and Prospering in the Global Economy
SRS Labs Announces Availability of PureSpeech(TM) Bluetooth Audio Solution for Mobile Phones and Accessories
You can find the full EDACafe event calendar here.
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-- Jack Horgan, EDACafe.com Contributing Editor.
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