Agere Reports Sales of $462 Million

Agere Systems reported quarterly sales of $462 million, up 4% over the year-ago quarter, and down 10% sequentially. The sequential decline was due primarily to the forecasted decrease in sales of 3G chipsets for mobile phones related to delays in 3G deployment. Net income (GAAP) was $74 million or $0.04 per share, compared to the year-ago net loss of $125 million or $0.08 per share, and a net loss of $39 million, or $0.02 per share, in the preceding quarter.



The quarter marked Agere's third consecutive quarter of positive cash flow from operations



Agere's Infrastructure Systems business reported revenues of $128 million, an increase over the year-ago quarter and up 8% sequentially, driven by growth across the business in wireless, wireline and enterprise applications. The company's Client Systems business reported revenues of $334 million, up 6% over the year-ago quarter, and down 16% sequentially, due primarily to the decrease in sales of 3G chipsets for mobile phones in the quarter. http://www.agere.com