RFMD » Topics » 8. RESTRUCTURING CHARGES

This excerpt taken from the RFMD 10-Q filed Feb 9, 2006.

8.     RESTRUCTURING CHARGES

During fiscal 2005, the Company discontinued its internal WLAN chipset development efforts as a result of the Company's difficulties in bringing competitive WLAN chipset solutions to market in a timely manner.  The Company will continue to support its WLAN component business, which includes transceivers for gaming and other applications as well as its WLAN power amplifiers (PAs) and front-end modules for all WLAN markets.

During the first quarter of fiscal 2006, the Company reversed accrued contract expense related to the discontinuation of its internal WLAN chipset development efforts (See Note 7 above).  In the second and third quarters of fiscal 2006 additional expenses related to the discontinuation of the Company's internal WLAN chipset development efforts totaled $0.6 million.  These expenses and credits are recorded in "Other Operating Expense" in the Company's consolidated financial statements. 

13




Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki