Digital Infotainment Division revenues grew 55 percent year-over-year and 12 percent sequentially to $53.5 million, driven by continued solid demand for tuners and demodulators, video encoders and back-channel telephony solutions, principally for satellite digital set-top boxes.
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The Personal Imaging Division recorded revenues of $27.9 million for the quarter, up 34 percent year-over-year and 10 percent sequentially, with strong seasonal demand for fax and multifunction peripheral products.
The Personal Computing Division delivered fourth quarter revenues of $170.3 million, up 48 percent year-over-year and 10 percent sequentially, with continued strong demand for V.90 dial-up modems in the PC retail aftermarket and bundled PC OEM segments. The division also supported Sega's successful Dreamcast(TM) US market launch with its integrated 56Kbps modems.
''I am enormously proud of the entire Conexant team. They have accomplished a great deal in the short time we have been a public company. Based on our current design win and order visibility, we expect between 8 and 10 percent sequential revenue growth in the current quarter,'' Decker said. ''First-quarter shipments will not be affected by the recent Taiwan earthquake given the rapid recovery of our Taiwanese suppliers, our expanded internal production capabilities, and access to foundry partners in other geographies. We expect to maintain gross margins at the current 46 percent level and anticipate modest improvement in operating expenses as a percentage of revenues. As a result, we expect to deliver an approximately 20 percent sequential improvement in operating earnings in the current quarter.''
Fourth Quarter Product Highlights
The Network Access Division announced the AccessRunner(TM) chipset, a programmable, multi-port asymmetric digital subscriber line (ADSL) solution that delivers both full-rate (8Mbps) and G.lite (1.5Mbps) remote-access services, reducing the size, cost, complexity and power requirements of multi-port ADSL central-office equipment. The division also expanded its growing family of optical networking solutions with the introduction of the single-chip CXS6803 high-isolation crosspoint switch for high bandwidth, fiber-optic communications systems.
The Wireless Communications Division earned full type approval and began volume shipments of its complete dual-band Global System for Mobile Communications (GSM) solution to Samsung; and began volume shipments to Ericsson of its GSM dual-band power amplifiers for use in Ericsson's next-generation digital cellular phone. It also introduced a GPS hardware accelerator, which significantly reduces satellite acquisition time while lowering power consumption in handset applications.
The Digital Infotainment Division introduced the Fusion(TM) 878A single-chip audio and video-capture solution to support emerging digital TV applications on the PC.
Conexant acquired DeviceGuys, Inc., a leading developer of PC software drivers and applications for multifunction peripherals, providing Conexant's Personal Imaging Division the capability needed to develop a complete system-level solution for multifunction peripheral devices (MFPs).
The Personal Computing Division supported Sega's successful Dreamcast(TM) US market launch with its integrated 56Kbps technology to enable multi-player interactive gaming over the Internet.
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