BUSINESS
October 22, 1998 | P.J. Huffstutter
Rockwell International Corp., preparing to spin off its semiconductor systems business as an independent company, on Wednesday named the first five people for the new firm's board of directors. Dwight W. Decker, current president of Rockwell Semiconductor Systems, will become chairman of the board and chief executive of the as-yet-unnamed company, which will be based in Newport Beach. Other board members will be Donald R.
BUSINESS
October 3, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Rockwell International Corp. Chief Executive Don H. Davis said Friday he expects the company's struggling semiconductor division--which will be spun off into a separate firm in the coming weeks--to return to profitability by the end of next year. The semiconductor market doesn't fit with Rockwell's plans because "it's much more of a volatile industry than we're in," said Davis, 58, speaking in detail for the first time since the company announced its massive restructuring plan in June.
BUSINESS
September 30, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
After enjoying five years of double-digit growth, Rockwell Semiconductor Systems Inc.'s sales have dropped 10% in the last nine months and the once-burgeoning company has fallen into the red, according to documents filed with the Securities and Exchange Commission. The struggling unit of Rockwell International Corp., which is expected to be spun off by Dec. 31, has plummeted to a net loss of $28 million for the nine months, compared with a profit of $110 million for the same period in 1997.
BUSINESS
September 30, 1998 | P.J. Huffstutter
After five years of double-digit growth, Rockwell Semiconductor Systems Inc.'s sales have dropped 10% in the last nine months and the once burgeoning company has fallen into the red, according to documents filed with the Securities and Exchange Commission. The struggling unit of Rockwell International Corp., which is expected to be spun off by Dec. 31, had a net loss of $38 million in the first nine months of the year, contrasted with a profit of $110 million in the year-earlier period.
BUSINESS
February 18, 1998 | P.J. Huffstutter
Only days after a new standard for high-speed modems was established, Rockwell Semiconductor Systems and rival 3Com Corp. said Tuesday they have completed testing to make sure their new product lines will work with each other. The cooperative testing by the two computer chip makers ends more than a year of competition, which caused many potential modem buyers to delay purchases because the technologies were incompatible.
BUSINESS
February 16, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
A steady, quiet ring of tiny phones can always be heard in the corridors of Rockwell Semiconductor Systems in Newport Beach. After all, hundreds of employees--including some of the system's cleanup crew--carry wireless PBX phones. The devices work through a private telephone switching system. Unlike alternative communication networks that use expensive digital equipment, PBXs use ordinary telephone wire to send information.