DALLAS, Aug. 31, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring communications chip maker Conexant Systems Inc. (Nasdaq:CNXT). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Conexant Systems Inc. (Nasdaq:CNXT) should be of particular interest to other semiconductor companies: Ikanos Communications Inc. (Nasdaq:IKAN), Silicon Laboratories (Nasdaq:SLAB), TranSwitch Corp. (Nasdaq:TXCC) and Mindspeed Technologies Inc. (Nasdaq:MSPD).
It is available at: http://www.stockpreacher.com/n/CNXT
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Conexant Systems Inc. (CNXT) is a fabless semiconductor company providing solutions for imaging, audio, video and various embedded modem-based applications. Backed with expertise in mixed-signal processing, DSP standards-based communication protocol implementation, the Company has grown to become a leading provider of solutions in the major segments it serves. It markets and sells its semiconductor products and solutions directly to original equipment manufacturers (OEMs) of communication electronics products through electronic components distributors, as well as to third-party electronic manufacturing service providers.
In the report, the analyst notes:
"Following the recent restructuring of its business operations, CNXT is more determined to return to profitability. According to CNXT chairman and CEO Scott Mercer, the Company is now concentrating exclusively on providing solutions for imaging, audio, video and various embedded-modem applications, segments in which it has established leadership positions. The Company plans on utilizing its expertise in the industry to capitalize on new growth opportunities in adjacent markets.
"In a move to improve its capital structure further, CNXT plans to retire up to $80 million of its floating rate senior secured notes due in November 2010. According to the Company's press release, it will commence a tender offer for $73 million notes and intends to buy an additional $7 million of the notes. The Company looks to reduce its annual interest burden by more than $5 million if it decreases its outstanding notes by$80 million."
To read the entire report visit: http://www.stockpreacher.com/n/CNXT
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