Conexant (CNXT) says a big drop in demand caused a sales shortfall in its fiscal second quarter. The Newport Beach, Calif., communications-chip maker expects to post revenue of $200 million for ...

Separately, Conexant is picking up another $150 million in cash from a deposit being returned by a foundry partner. Both deals will boost Conexant’s once-shaky cash situation.

Conexant’s outlook was hurt in part by recent stock sales that diluted its profit forecast when expressed on a per share basis. The outlook came on the heels of strong results for the three months ...

Newport Beach chipmaker Conexant Systems Inc. is being acquired for $284 million. Hauppauge, N.Y.-based Standard Microsystems Corp. is buying Conexant, offering nearly 20% more than what the company ...

SAN FRANCISCO (CBS.MW) -- Conexant Systems fell in after-hours trading Thursday after the company reported a third-quarter loss and gave a fourth-quarter outlook that was below analysts' consensus ...

But Conexant, which has announced plans to spin of two units, posted a net loss of $204.5 million, or 80 cents a share, for the quarter ended Dec. 28, wider than the loss of $199.6 million, or 85 ...

Among the key steps necessary to revive Conexant, wrote Mishan, are deep cuts in the company's operating expenses and a new focus on a few core business segments."We view the appointment of Mr ...

Conexant Systems Inc., a maker of semiconductors, won court approval of its restructuring plan that swaps debt held by its secured lender, an affiliate of funds managed by billionaire investor ...

LONDON (MarketWatch) -- Conexant Systems Inc. on Tuesday raised its fiscal fourth-quarter earnings guidance, citing lower expenses and better-than-expected margins. The semiconductor company said ...