Parthus believes the worst has passed for IP
Parthus believes the worst has passed for IP
By Anthony Clark, EE Times UK
October 19, 2001 (6:47 a.m. EST)
URL: http://www.eetimes.com/story/OEG20011018S0015
Parthus, the Irish developer of intellectual property (IP) platforms for mobile devices, will reach break even in mid-2002, according to CEO Brian Long. He said that the bottom has been reached for IP companies: "The market is as bad as it's going to get, we're banking on it." Long's upbeat prediction followed solid Q3 results that saw the company's income from licensing come in ahead of market expectations. "We have delivered a solid performance particularly given the market conditions - our licensing revenue grew by 82%," he said. Parthus recorded a Q3 loss of $3.2m, up from $1.5m for the same quarter in 2000 but Long says this is principally due to recent acquisitions. "The overall trend is improving," he said. "We have $127m in the bank and a low cash burn." Long also cited the licensing of the company's power management technology for mobile devices to Motorola as indicative of a stron g order book.
Related News
- IP platform developer Parthus says the worst is over
- VeriSilicon's 2nd generation automotive ISP series IP passed ISO 26262 ASIL B and ASIL D certifications
- PUFsecurity Crypto Co-processor PUFiot Passed NIST CAVP Certification
- INSPECTOR diagnostic and debug platform passed the PCIe 4.0 compliance
- Attopsemi's I-fuse OTP Passed 3 lots of HTS and HTOL Qualification for 1,000hr on GLOBALFOUNDRIES 22FDX FD-SOI Technology
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 |