December 22, 2009
Virage Logic – On the Move!
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Russ Henke - Contributing Editor


by Russ Henke - Contributing Editor
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On a

year-over-year quarterly basis, ARM’s earnings fell 46%.
Virage Logic and MoSys endured increased losses.  MIPS delivered a turn-around quarter going from a loss of nearly $7 million in Q3 2008 to a net gain of $595,000 in Q3 of 2009.   

On a

sequential basis, three IP vendors were up and three were down.  MIPS went from a net loss of $6.7 million in Q2 2009 to a net gain of $595,000 in Q3 2009.  ARM was up 9%, CEVA down 24% and MoSys essentially flat. Again,
Virage Logic crept deeper into the red.


Stock Market Prices of the G6 Electronics IP Providers in Q3 2009

The G6 stock prices on average outperformed the major stock indexes both year-over-year and sequentially.

As shown in the two

Tables and
Figure below,
the combined stock prices for the G6 increased 11.3% year-over-year in absolute terms and rose nearly 19% sequentially.  On average the G6 stock prices rose 2.5% year-over-year and 21% from the preceding quarter.  Relative to last year ARM and RMBS stock prices rose over 30% with CEVA next in line at just under 30%.  MoSys was the largest decliner at -41% followed by MIPS at almost -32%. 

On a sequential basis all stock prices increased on a percentage basis.  MoSys was the leader at over 51%.  CEVA and MIPS saw increases over 20%.  The remaining firms had sequential stock price growth percentages in the teens, including

Virage Logic.


The Dow and S&P indexes dropped in the area of 10% relative to the third quarter of 2008, while the NASDAQ rose 1.5%.    On a sequential basis the three indexes rose around 15%. 



Calendar Q4 2009 Forecast Guidance from Individual IP Providers:

With one notable exception, the covered IP providers who provided guidance were not very optimistic about calendar Q4 2009 relative to last year. As a group they were forecasting a 20% drop year-over-year, with a drop of -10% as an average.

However, consistent with the optimism expressed by Dr. Shubat and others in the foregoing text, the exception was, of course, Virage Logic, which was the only firm with a rosy projection (+33%) for calendar Q4 2009 (fiscal 2010 for Virage Logic),
 

On a sequential basis,

Virage Logic was again much more optimistic (+43%) than the other firms.





Footnotes:

 
[1] How was the “newco” name “Virage Logic”
chosen by Alex and Adam in 1996? 


While the Virage Volante was an outstanding vehicle for Aston Martin,


… it was apparently not the inspiration for the name of the 1996 start-up for “newco.”




No, according to Dr. Shubat, the “Virage” part of the “Virage Logic” name was taken from the French word “virage” meaning “bend” or “curve”, combined with the elementary formula of Voltage x Current = Power (VxI), then the use of the letter R for “reduction”, and finally the word “age” tacked on meaning “era,” all indicating when combined into “VIRage” to mean, “To bend the path of technology toward a new age of power reduction (in semiconductors.)”

Makes one kind of favor the initial Aston Martin theory, does it not?

-------------------------------------------------------------------------------------------------

eSilicon Names Virage Logic as Supplier of the Year:

FREMONT, Calif., Dec 10, 2009 --

Virage Logic Corporation today announced it has received the eSilicon(R) 2009 Supplier of the Year award. The award is presented annually to eSilicon's supply chain partners who have demonstrated excellence in supporting eSilicon and its customers with industry leading products, services and support. Virage Logic was presented with the Supplier of the Year award at an eSilicon-hosted dinner on December 9, 2009.

-------------------------------------------------------------------------------------------------

Virage Logic’s December 17, 2009 Issue of IP Times for Nov-Dec 2009:

Among other valuable information in the referenced issue of IP Times noted here, is reference to a story by Jeff Donovan of Low Power Design, which emphasizes from a different viewpoint some of the points made about Virage Logic’s NXP alliance covered in this EDA Weekly article above,

“Virage Logic – On the Move” by Russ Henke. The URL for Mr. Donavan’s article is:

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Virage Logic Corporate Description:

Virage Logic is a leading provider of both functional and physical semiconductor intellectual property (IP) for the design of complex integrated circuits. The company's highly differentiated product portfolio includes processor solutions, interface IP solutions, embedded SRAMs and NVMs, embedded memory test and repair, logic libraries, and memory development software. As the industry's trusted semiconductor IP partner, more than 400 foundry, IDM and fabless customers rely on Virage Logic to achieve higher performance, lower power, higher density and optimal yield, as well as

shorten time-to-market and time-to-volume. For further information, visit

 

Virage Logic Management 2009:

J. Daniel McCranie

Executive Chairman

Alex Shubat Ph. D.

President and CEO

Brian Sereda

Vice President of Finance and Chief Financial Officer

Brani Buric

Executive Vice President, Marketing & Sales



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-- Russ Henke, EDACafe.com Contributing Editor.


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