MoSys削减90个工作岗位
http://www.cction.com 2008-12-15 11:37 中企顾问网
本文导读：MoSys削减90个工作岗位，提供能源矿产、石油化工、IT通讯、房产建材、机械设备、电子电器、食品饮料、农林牧渔、旅游商贸、医药保舰交通物流、轻工纺织等行业专业研究报告
With the move, the company aims to better position itself to pursue additional growth opportunities in its core embedded memory business and to drive improved financial performance.
MoSys Inc will exit its analog/mixed-signal product lines and cut approximately 90 positions associated with the analog/mixed-signal design teams located in China and Romania as it looks to save $6 million on an annual basis.
The product lines include the mixed-signal chip designs MoSys acquired from Atmel Corp last year. That deal brought approximately 100 Atmel employees to MoSys and the products that include SOCs targeted for the network storage and HD DVD marketplaces, and related intellectual property.
MoSys said the plan reflects its efforts to exit unprofitable and non-core product lines, reduce losses from operations, and focus on the development and licensing of its memory technologies.
“Since my arrival at MoSys late in 2007, we have been conducting an in-depth evaluation of our technology, products, and the markets we serve in order to accelerate the growth and expansion of our business. As a result of this evaluation, we have determined that the time and investment required to further support the analog/mixed-signal product lines is not in the best interest of the company or its stockholders, especially when considering the current global economic environment,” Len Perham, MoSys’ president and CEO, said in a statement Wednesday.
“In particular, the continued deterioration of the economy has had a severe effect on consumer spending. This has caused the Blu-Ray market to decline considerably against projections and greatly reduced our opportunities to penetrate the analog intellectual property market," he continued. "Today’s announcement and the anticipated reduction in operating expenses will better position us to pursue additional growth opportunities in our core embedded memory business and to drive improved financial performance.”
The company expects to record Q4 restructuring-related of up to $3.3 million. It expects to incur costs of up to $1.5 million for severance benefits, lease obligations, and other related expenses that will be paid in 2009. MoSys believes non-cash asset impairment charges related to the exit will approximate $1.8 million.
The company expects to complete the headcount reductions and related activities by the end of Q1 2009.
MoSys Inc will exit its analog/mixed-signal product lines and cut approximately 90 positions associated with the analog/mixed-signal design teams located in China and Romania as it looks to save $6 million on an annual basis.
The product lines include the mixed-signal chip designs MoSys acquired from Atmel Corp last year. That deal brought approximately 100 Atmel employees to MoSys and the products that include SOCs targeted for the network storage and HD DVD marketplaces, and related intellectual property.
MoSys said the plan reflects its efforts to exit unprofitable and non-core product lines, reduce losses from operations, and focus on the development and licensing of its memory technologies.
“Since my arrival at MoSys late in 2007, we have been conducting an in-depth evaluation of our technology, products, and the markets we serve in order to accelerate the growth and expansion of our business. As a result of this evaluation, we have determined that the time and investment required to further support the analog/mixed-signal product lines is not in the best interest of the company or its stockholders, especially when considering the current global economic environment,” Len Perham, MoSys’ president and CEO, said in a statement Wednesday.
“In particular, the continued deterioration of the economy has had a severe effect on consumer spending. This has caused the Blu-Ray market to decline considerably against projections and greatly reduced our opportunities to penetrate the analog intellectual property market," he continued. "Today’s announcement and the anticipated reduction in operating expenses will better position us to pursue additional growth opportunities in our core embedded memory business and to drive improved financial performance.”
The company expects to record Q4 restructuring-related of up to $3.3 million. It expects to incur costs of up to $1.5 million for severance benefits, lease obligations, and other related expenses that will be paid in 2009. MoSys believes non-cash asset impairment charges related to the exit will approximate $1.8 million.
The company expects to complete the headcount reductions and related activities by the end of Q1 2009.
