CSR writes off UbiNetics deal
CSR has written off the cost of acquiring UbiNetics in 2005. In its latest financial statement, the company has taken a $52.9million ‘hit’, which it says is the entire cost of the deal.
CSR made the move for UbiNetics in order to equip itself with a protocol stack suitable for integration onto the baseband processor. However, it now believes this integration is 'unlikely to happen'. Now, the focus is on connectivity.
In its unaudited financial results for the quarter ended 28 March 2008, CSR reported revenues of $160.9m. It also unveiled the top line results of an operational review conducted by ceo Joep van Beurden, pictured.
The review concluded that CSR should consolidate its position in the Bluetooth market, whilst focusing on what it sees as 'fast growing' demand for connectivity in mobile phones and consumer devices. Technologies which it will bring to bear include Bluetooth, gps, WiFi, fm, audio and others.
