Intersil to sell wireless networking group

Rich Beyer, president and CEO of Intersil, said, "As the 802.11 WLAN market continues its strong growth, this technology is increasingly becoming an integral part of the communications, computer and consumer landscape. The challenges of this WLAN evolution are resulting in even greater differences in the business models of Intersil's High Performance Analog Product Groups and its Wireless Networking Product Group. We have made a strategic decision to focus our technology and resources entirely on our leadership positions in high performance analog. As WLAN technology continues to migrate into new applications from broadband modems to cellphones, we believe the required capabilities to address this trend fit perfectly with the strategy and competencies of GlobespanVirata."