Feeds

Cambridge Silicon Radio buys into GPS

Bluetooth experts bite into Sirf

Secure remote control for conventional and virtual desktops

UK wireless-chip specialists CSR, makers of Bluetooth and WiFi chips used by everyone from Nokia to Samsung, has bought up GPS-chipset manufacturer Sirf at a knockdown price

Sirf has had a bad year, losing $398m during 2008, enabling CSR to snap up the company for a valuation of only £91m despite it having more than £80m in the bank. The deal will see Sirf shareholders getting 27 per cent of CSR, or 0.741 shares in CSR for each share of Sirf they own a significant premium on the open-market share price.

The combined company will be able to pitch Bluetooth, WiFi and GPS chips to handset manufacturers, as well as working towards combined silicon that could offer all three functions on a single die.

The new company is expecting to save around $35m annually, by cutting sale, marketing, R&D and "overheads" over the next 60 days - so the sales team at Sirf should be feeling slightly nervous given the success of CSR in that area, and any extraneous offices might also be feeling the pinch.

The economic situation may well be grim for many, but those who have cash looking around for competitors to buy, or acquisition-based expansions, are finding that can be done on the cheap before the economy recovers. CSR's expansion into GPS makes sense, and the acquisition should also prevent CSR becoming the target of someone else's expansion plans.®

Intelligent flash storage arrays

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
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?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.