Conexant Systems Inc. (CNXT)

Conexant Systems, Inc., a fabless semiconductor company, engages in the design, development, and sale of semiconductor system solutions for broadband communications. The company offers semiconductor devices, software, and reference designs for use in broadband communications applications that enable high-speed transmission, processing, and distribution of audio, video, voice, and data to homes and business enterprises. Its product includes imaging and PC media product comprising analog modem chipsets, which connect users to the Internet through their desktop and notebook PCs. The company also offers broadband access products, including digital subscriber line and passive optical network technologies that enables broadband data traffic over twisted pair copper telephone lines and optical cables. It enables services, such as high-speed Internet access, voice and telephone services, real-time video distribution, and gaming applications. The company also provides various products, including combinations of digital signal processors, network processors, integrated software, analog front-ends, and line drivers. It markets and sells its products and system solutions to original equipment manufacturers of communication electronics products through electronic components distributors, as well as to third-party electronic manufacturing service providers. The company operates in the Americas, the Asia-Pacific region, 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.