DALLAS, Jan. 13, 2010 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Conexant Systems Inc. (Nasdaq:CNXT). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
It is available at: http://www.investorsoup.com/lp/CNXT
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Conexant Systems Inc. (CNXT) designs, develops and sells semiconductor system solutions consisting of semiconductor devices, software and reference designs, for imaging, video, audio and modem applications. These include a portfolio of imaging solutions for multifunction printers (MFPs), fax platforms and digital photo frame market segments. The Company's video solutions are targeted at personal computer television (PCTV) applications that enable consumers to watch broadcast television on a personal computer and the video surveillance and security market. In addition, it provides audio solutions that are targeted at personal computer (PC) audio, speakers and audio subsystems.
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In the report, the analyst notes:
"On August 24, 2009, CNXT announced the completion of the sale of its Broadband Access product lines to Ikanos Communications Inc. for $54 million. The financial results of the Broadband Access business unit have been classified as discontinued operations in CNXT's fourth fiscal quarter financial statements. CNXT's core net revenues for the fourth quarter of fiscal 2009 were $56.2 million. Core gross margins were 60.2% of revenues. Core operating expenses were $25 million, and core net income was $3.5 million, or $0.07 per share.
"CNXT recently announced the availability of a jointly developed speaker and speakerphone reference design. The new solution is based on CNXT's innovative CX2070X audio system-on-chip (SoC) product family and the OZMO1000 ultra-low-power Wi-Fi PAN SoC. CNXT's CX2070X SoCs feature proprietary technical innovations that dramatically improve audio and voice quality. Ozmo's highly integrated OZMO1000 dual-band radio features "instant-on" radio technology and a unique power-management approach that enables ultra-low power consumption while maintaining very low latency."
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