Even though this represents a 21% sequential improvement, and represents growing demand for audio and visual products, it is well down on the $71 million recorded in the same period last year.
The Texas-based company said it expects to end the quarter with cash of $127 million, above its previous guidance of $113 to $118 million. Its reserves have been boosted by a $7 million settlement from nVidia Corp [NVDA] and a deal announced yesterday where it settled litigation with ATI Technologies [ATYT] in return for $7 million. It also received $4.5 million following the IPO of SigmaTel [SGGI.BE].
This article was based on material originally published by ComputerWire.
