Global Sources
EE Times-India
Stay in touch with EE Times India
 
EE Times-India > Interface
 
 
Interface  

CMD sells LED driver assets

Posted: 06 Aug 2008     Print Version  Bookmark and Share

Keywords:LED drivers  mobile handsets  R&D expense 

California Micro Devices (CMD) has sold the assets related to its line of LED drivers for mobile handsets to a third party buyer for a cash payment of Rs.5.57 crore ($1.3 million). The transaction includes existing products, products under development and related patents. Two engineers who had worked on this product line for CMD have also joined the buyer.

CMD expects to record a gain of approximately Rs.4.71 crore ($1.1 million) in Q2 of its fiscal 2009 that was not reflected in its recent outlook for the quarter and to see a modest reduction in R&D expense going forward compared to what it would have otherwise been. That reduction has been reflected in its recent guidance.





Comment on "CMD sells LED driver assets"
Comments:  
*  You can enter [0] more charecters.
*Verify code:
 
 
Webinars

Seminars

Visit Asia Webinars to learn about the latest in technology and get practical design tips.

 

Go to top             Connect on Facebook      Follow us on Twitter      Follow us on Orkut

 
Back to Top