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BUSINESS
July 4, 2001
Conexant Systems Inc. said it plans to sell its global positioning satellite business to privately held SiRF Technology Corp. in San Jose for an undisclosed amount of stock. The GPS unit, which has 25 employees, logged about $20 million in annual revenue.
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BUSINESS
July 4, 2001
Conexant Systems Inc. said it plans to sell its global positioning satellite business to privately held SiRF Technology Corp. in San Jose for an undisclosed amount of stock. The GPS unit, which has 25 employees, logged about $20 million in annual revenue.
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BUSINESS
July 7, 2001 | KAREN ALEXANDER, TIMES STAFF WRITER
Conexant Systems Inc., mired in a communications equipment slump, is expected to announce Monday that it will fire more than 400 employees, its second round of cuts in the last four months. The latest cuts represent about 6% of Conexant's 6,900 employees, company sources said Friday. The Newport Beach company slashed more than 1,500 jobs in March and April. Company officials declined to comment.
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