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Parthus to reorganize IP product line

Posted: 04 Sep 2002 ?? ?Print Version ?Bookmark and Share

Keywords:Internet? RF? hardware-based security products? DSP? mixed-signal communications?

Parthus Technologies, a provider of platform-level IP for the mobile Internet market, has announced its plans to streamline two product lines to improve the company's financial performance and enhance technology and market focus on a standalone basis, or as part of ParthusCeva, in the event that the proposed combination with Ceva Inc. is carried out.

Parthus proposed to discontinue investments in RF and hardware-based security products and instead focus the on three product areas the company believes there is opportunity: DSP and application processing IP, mixed-signal and wireline communications IP, and wireless communications IP.

The anticipated reduction in workforce and the related realignment of resources is expected to result in the incurrence of a one-off restructuring charge during Q3 of about $3 million.

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