Conexant Systems Inc. (CNXT)

Conexant Systems, Inc., a fabless semiconductor company, engages in the design, development, and sale of semiconductor system solutions. The company offers semiconductor devices, software, and reference designs for imaging, audio, embedded-modem, and video applications. Its imaging product portfolio includes multifunction printer system-on-chip (SoC) solutions for inkjet, laser, and photo printers; system solutions for connected frames and displays with Internet connectivity; and SoCs and data pumps for facsimile applications. The company also provides audio solutions comprising high-definition (HD) audio integrated circuits, HD audio codecs, and speakers-on-a-chip solutions for personal computers, PC peripheral sound systems, audio subsystems, speakers, notebook docking stations, voice-over-IP speakerphones, intercom, door phone, and audio-enabled surveillance applications. In addition, it offers a suite of embedded-modem solutions for set-top boxes, point-of-sale systems, home automation and security systems, and desktop and notebook PCs. Additionally, the company provides decoders and media bridges for video surveillance and security applications, as well as system solutions for analog video-based multimedia applications. It markets and sells its products and system solutions to original equipment manufacturers of communication electronics products primarily through electronic components distributors, as well as to third-party electronic manufacturing service providers. The company operates in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Conexant Systems, Inc. was founded in 1996 and is headquartered in Newport Beach, California.

For the fiscal year ended 29 September 2006, Conexant Systems, Inc.'s revenues rose 34% to $970.8M. Net loss fell 30% to $122.6M. Revenues reflect an increase in demand in America, Asia-Pacific, Europe, Middle East & Africa markets. Net loss was partially offset by increased cost of goods sold, an increase in research & development expenses, higher selling, general & administrative expenses and an increase in interest expenses.