PMC-Sierra Reports Q1 Revenues of $55.4 million

PMC-Sierra reported Q1 revenues of $55.4 million compared to $52.6 million in Q4 2002 and $51.4 million in the same period one year ago. GAAP net loss in Q1 2003 was $11.5 million (GAAP net loss per share of $0.07). This compares with a GAAP net loss of $30.5 million in Q4 2002 (GAAP net loss per share of $0.18). The company said it improved its operating cost structure during the quarter and further diversified its product line with the addition of silicon solutions for storage systems. http://www.pmc-sierra....

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Conexant Reports Quarterly Revenue of $158 Million

Conexant Systems reported quarterly revenue of $158.4 million, an increase of 7% over the same period last year. The GAAP net loss for the second quarter of fiscal 2003 was $68.0 million, compared with a net loss of $200.7 million in the same period last year. The company expects revenues for the current quarter to rise 3 to 7% sequentially due to continued traction in key growth initiatives, which include ADSL modems, satellite set-top box solutions and home network processors. Conexant also said that it has reduced the outstanding balance...

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FCC Finds SBC in Violation of SBC/Ameritech Merger Order

The FCC found SBC Communications and its nine incumbent local exchange affiliates in violation of an order issued in conjunction with the SBC/Ameritech merge. The FCC action arose following a complaint by two CLECs, Core Communications and Z-Tel Communications, who said SBC refused to allow their use of a shared transport unbundled network element needed for transporting intraLATA toll calls. Core and Z-Tel may now file a supplemental complaint for damages caused by SBC's violation. http://www.fcc.govIn approving the 1999 merger of SBC and Ameritech,...

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