GREY:SHIFF - Post by User
Post by
investright12on Mar 21, 2021 9:26pm
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Post# 32848176
rumour has it Telus has until this coming friday to do dd
rumour has it Telus has until this coming friday to do ddto do dd on airbeam and they will either walkaway from it or they will invest $25M into Airbeam......I have my doubts that a ten year old abandoned technology is going to meet Telus standards: Lattice wrote it off:
Lattice Semiconductor Takes Additional Action to Reduce Operating Expenses; Company to Discontinue Millimeter Wave Business to Focus on Core Business Opportunities
PORTLAND, Ore.--(BUSINESS WIRE)--Jul. 18, 2018-- Lattice Semiconductor Corporation(NASDAQ:LSCC), a leading provider of customizable smart connectivity solutions, announced the Company will discontinue its millimeter wave business, which is expected to result in approximately $25 million of primarily non-cash restructuring and impairment charges in the second quarter of 2018, and an annualized reduction in operating expenses of approximately $13 million. The Company does not expect a significant impact to its potential full year 2018 revenue due to strength in other areas of its business. Lattice is committed to supporting customers’ product and support requirements during the transition period.
Glen Hawk, Lattice Semiconductor’s Interim Chief Executive Officer, said, "After careful evaluation, millimeter wave was determined to be a non-core business, unable to achieve the required near-term scale to be profitable or to warrant any further investment. We considered various strategic alternatives for this business but none proved to be viable. We have taken this concrete action to further sharpen our focus on the compelling opportunities in our core business. We continue working to further improve operational efficiencies and to accelerate revenue growth of our existing semiconductor solutions into attractive control, connect and compute applications.”