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
- Global Top 10 Foundries Q4 Revenue Up 7.9%, Annual Total Hits US$111.54 Billion in 2023, Says TrendForce
Breaking News
- Thalia's AMALIA 24.2 introduces pioneering estimated parasitics feature to reduce PEX iterations by at least 30%
- TSMC plans 1.6nm process for 2026
- Qualitas Semiconductor Partners with TUV Rheinland Korea to Enhance ISO 26262 Functional Safety Management System
- M31 has successfully launched MIPI C/D PHY Combo IP on the advanced TSMC 5nm process
- Ceva multi-protocol wireless IP could simplify IoT MCU and SoC development
Most Popular
- Controversial former Arm China CEO founds RISC-V chip startup
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Credo at TSMC 2024 North America Technology Symposium
- Synopsys Accelerates Next-Level Chip Innovation on TSMC Advanced Processes
- Kalray Joins Arm Total Design, Extending Collaboration with Arm on Accelerated AI Processing
|
E-mail This Article | 
|
|
Printer-Friendly Page |