Feeds

Cambridge Silicon Radio buys into GPS

Bluetooth experts bite into Sirf

High performance access to file storage

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.®

High performance access to file storage

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.