Opti looks to license IP as it cuts product development
Opti looks to license IP as it cuts product development
By Semiconductor Business News
February 15, 2000 (8:47 a.m. EST)
URL: http://www.eetimes.com/story/OEG20000215S0001
MILPITAS, Calif.--Opti Inc. has discontinued development activities in all but one product group, and it is now pursuing a strategy of licensing intellectual property (IP), said Bernard T. Marren, president and CEO of the multimedia chip company. On Monday, Opti posted a net loss of $1.3 million on revenues of $2.9 million in the fourth quarter of 1999, compared to a net loss of $161,000 on sales of $10.8 million in the same period of 1998. For the entire year, Opti's net loss totaled $6.0 million on revenues of $22.3 million vs. a loss of $4.2 million on sales of $40.0 million in 1998. "The company has paid a dividend to our stockholders during the fourth quarter of 1999 of over $46 million," Marren said. "We have reduced our work force and have discontinued the development of all but one product group. We are currently pursuing a policy of licensing our intellectual properties and have already sold one such license."
Related News
- MPEG LA Announces Development of VVC (Versatile Video Coding) Pool License
- Renesas Strengthens IP License Portfolio with IP Utilities to Facilitate Device Development
- MPEG LA Facilitating Development of Enhanced Voice Services Patent Pool License
- RDA Microelectronics Signs Digital TV IP License and Development Agreement With Trident Microsystems
- Crocus and IBM Sign Technology Development and Patent License Agreements
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 |