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VIXS SYSTEMS INC T.VXS

"ViXS Systems Inc provides smart network multimedia processor solutions. It markets and sells its products to providers of video processing and storage equipment who sells their products into the consumer electronics and personal computing markets."


TSX:VXS - Post by User

Post by barackon Dec 02, 2014 9:35am
124 Views
Post# 23184929

This might mean one less competitor for VIXS products

This might mean one less competitor for VIXS products
Refocused Strategy and Restructuring Plan

Entropic also announced its strategy to refocus on its core Connectivity businesses, which include MoCA(R) (Multimedia over Coax Alliance), direct broadcast satellite outdoor unit (DBS ODU) and broadband access. Entropic will continue to pursue design wins for all set-top box system-on-a-chip (SoC) products in production or already commercialized and will continue to invest to support those programs, but the Company will discontinue all new set-top box SoC product development. Entropic believes the set-top box SoC business will contribute meaningful revenue for the next three years or more, based on design wins currently in the pipeline and the products it has already brought to market.

"Entropic is refocusing on its core radio frequency, analog/mixed signal and digital signal processing technologies in order to pull in time to profitability while effectively addressing longer term growth trends in connectivity," said interim President and CEO Dr. Ted Tewksbury. "While we will not be developing new set-top box SoCs, we will continue to invest in existing SoC products and support ongoing customer programs."

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