English
Mindspeed Completes $10 Million Sale of Intellectual Property
Company Significantly Strengthens Balance Sheet With Transfer of Non-Core Patents
July 21, 2008 -- Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that it has completed the sale of certain non-core patents for $10 million, which will be reported in the company's fourth quarter revenues. Specific terms of the sale are confidential.
Mindspeed has a broad intellectual property portfolio with a number of patents, which are no longer core to its business focus. For the past year the company has generated revenues from patent sales and expects to enter into additional strategic non-core patent sale or licensing arrangements in the future.
About Mindspeed Technologies®
Mindspeed Technologies, Inc. designs, develops and sells semiconductor networking solutions for communications applications in enterprise, access, metropolitan and wide-area networks.
The company's three key product families include high-performance analog transmission and switching solutions, multiservice access voice-over-IP processors designed to support voice and data services across wireline and wireless networks and WAN communication products such as T/E carrier transmission devices and ATM/MPLS network processors.
Mindspeed's products are used in a wide variety of network infrastructure equipment, including voice and media gateways, high-speed routers, switches, access multiplexers, cross-connect systems, add-drop multiplexers and digital loop carrier equipment.
To learn more, visit us at www.mindspeed.com.
July 21, 2008 -- Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that it has completed the sale of certain non-core patents for $10 million, which will be reported in the company's fourth quarter revenues. Specific terms of the sale are confidential.
Mindspeed has a broad intellectual property portfolio with a number of patents, which are no longer core to its business focus. For the past year the company has generated revenues from patent sales and expects to enter into additional strategic non-core patent sale or licensing arrangements in the future.
About Mindspeed Technologies®
Mindspeed Technologies, Inc. designs, develops and sells semiconductor networking solutions for communications applications in enterprise, access, metropolitan and wide-area networks.
The company's three key product families include high-performance analog transmission and switching solutions, multiservice access voice-over-IP processors designed to support voice and data services across wireline and wireless networks and WAN communication products such as T/E carrier transmission devices and ATM/MPLS network processors.
Mindspeed's products are used in a wide variety of network infrastructure equipment, including voice and media gateways, high-speed routers, switches, access multiplexers, cross-connect systems, add-drop multiplexers and digital loop carrier equipment.
To learn more, visit us at www.mindspeed.com.
|
||||||
Related News
- Conexant Sells Wireless Intellectual Property for $15 Million
- LSI Logic Completes $105 Million Sale of Gresham Fab to ON Semiconductor
- Hellosoft Inc., a provider of software intellectual property for wireless communications, raises $11 million
- Global Patent Applications Rose to 2.9 Million in 2015 on Strong Growth From China; Demand Also Increased for Other Intellectual Property Rights
- Xilinx Announces Q1 Fiscal 2016 Results; 20nm Sales Exceed $10 Million
Breaking News
- Arm loses out in Qualcomm court case, wants a re-trial
- Jury is out in the Arm vs Qualcomm trial
- Ceva Seeks To Exploit Synergies in Portfolio with Nano NPU
- Synopsys Responds to U.K. Competition and Markets Authority's Phase 1 Announcement Regarding Ansys Acquisition
- Alphawave Semi Scales UCIe™ to 64 Gbps Enabling >20 Tbps/mm Bandwidth Density for Die-to-Die Chiplet Connectivity
Most Popular
|
E-mail This Article | 
|
|
Printer-Friendly Page |