Feeds

June 30 deadline for Cyrix disposal

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

  • alert
  • submit to reddit

Security and trust: The backbone of doing business over the internet

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. ®

New hybrid storage solutions

More from The Register

next story
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
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.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.