English
Actel Corporation Announces 10% Reduction in Force to Improve Operating Results and Promote Profitability
Mountain View, Calif. – October 16, 2008 – Actel Corporation today announced a 10 percent reduction in force to improve its operating results. Approximately 60 positions were eliminated.
Together with other cost-saving measures to be initiated during the fourth quarter of 2008, the company anticipates that the reduction in force will decrease quarterly operating expenses by approximately $2.5 million. Operating results for the fourth quarter of 2008 will be adversely affected by accounting charges related to the reduction in force, which the company currently estimates will be about $3 million.
About Actel
Actel is the leader in low-power and mixed-signal FPGAs, offering the most comprehensive portfolio of system and power management solutions. Power Matters. Learn more at www.actel.com.
|
||||||
Microsemi Hot IP
Related News
- Faraday Reports 2004 Third Quarter Results: 10% Increase in Sequential Operating Income; Growth Expected to Continue
- Xilinx Announces First Quarter 2017 Results; Advanced Products Grow 60% Y-T-Y, Strong Profitability
- Altera Announces First Quarter Results; Sales up 10% Sequentially
- Virage Logic Reports Second-Quarter Fiscal 2004 Results - Company Returns to Profitability; Posts 35% Year-Over-Year Revenue Growth and Record Royalties
- Urgent Orders Boost Wafer Foundry Utilization in Q2; Global Top 10 Foundry Revenue Grows 9.6% while VIS Climbs Two Spots, Says TrendForce
Breaking News
- 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
- RaiderChip Hardware NPU adds Falcon-3 LLM to its supported AI models
Most Popular
|
E-mail This Article | 
|
|
Printer-Friendly Page |