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
- Andes Technology and proteanTecs Partner to Bring Performance and Reliability Monitoring to RISC-V Cores
- Arteris Releases the Latest Generation of Magillem Registers to Automate Semiconductor Hardware/Software Integration
- Imagination takes efficiency up a level with latest D-Series GPU IP
- Q.ANT and IMS CHIPS Launch Production of High-Performance AI Chips, Establish Blueprint for Strengthening Chip Sovereignty
- sureCore PowerMiser IP enables KU Leuven chip for AI applications to achieve dynamic power saving of greater than 40%
Most Popular
- Intel in advanced talks to sell Altera to Silverlake
- ZeroPoint Technologies Unveils Groundbreaking Compression Solution to Increase Foundational Model Addressable Memory by 50%
- AheadComputing Raises $21.5M Seed Round and Introduces Breakthrough Microprocessor Architecture Designed for Next Era of General-Purpose Computing
- Cortus MINERVA Out-of-Order 4GHz 64-bit RISC-V Processor Platform targets automotive applications
- Siemens delivers certified and automated design flows for TSMC 3DFabric technologies
|
E-mail This Article | 
|
|
Printer-Friendly Page |