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Technology / AI and automation

COMPANY RESULT: VLSI TECHNOLOGY INC

VLSI Technology Inc has reported third quarter net profits down 84.2% at $2.6m including a $7.5m charge against earnings following a patent licensing agreement with IBM Corp on revenue down 2.8% at $183.0m; nine month net profit fell 49.1% to $14.1m on revenue down 0.4% at $533.2m. Net earnings per share fell 82.9% to $0.06 in the quarter, and were down 54.5% to $0.30 in the three quarters.

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CBR Staff Writer

CBR Online legacy content.