Feeds

June 30 deadline for Cyrix disposal

NatSemi wants "solid and acceptable" offer. Hasn't had one yet

  • alert
  • submit to reddit

Internet Security Threat Report 2014

National Semiconductor will shut its Cyrix PC processor business unless it receives a "solid and acceptable" offer by 30 June. The company blames stiff competition in the PC chip market for its fifth consecutive quarter of losses. it lost around $45 million in the quarter from Cyrix x86 microprocessors. Last month NatSemi announced plans to sell its PC processor business, which it picked up through its acquisition of Cyrix in 1997 for about $550 million. NatSemi recorded a $783.5 million loss, or $4.65 cents per share, for the fourth quarter. This included higher-than-expected charges for exiting the PC chip business. Sales fell to $477 million from $510 million a year ago. Excluding two charges totalling $743.5 million, NatSemi reported an operating loss of $40 million, or 24 cents a share. This compared with a loss before charges of $69.3 million, or 42 cents a share, the previous year, according to Reuters. The loss matched Wall Street expectations. The company expects to be profitable in the quarter ending November after it offloads its Cyrix division, it said. NatSemi CEO Brian Halla said the company could not compete with PC chip giant Intel, and planned to concentrate on chips for products such as TVs and mobile phones. It will also keep Cyrix chips that are used for Web appliances and Windows-based terminals. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.