Wednesday October 3,
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By Matthew Clark
Irish semiconductor company Parthus Technologies (LSE: PRH.L - news) has entered into an intellectual property (IP) partner program with Indian company Wipro Technologies.
Wipro Technologies is a subsidiary of Bangalore-based Wipro Limited and is a provider of high-end IT solutions, with a focus on the wireless and embedded systems markets.
"This partnership delivers two principal benefits to Parthus," said Eoin Gilley, chief operations officer of Parthus Technologies. "First it enables our licensees to access a first rate design services resource. Second, as Wipro will have access to implement Parthus IP platforms in their customers' forthcoming system-on-chip and mobile Internet designs, it greatly expands Parthus' channel reach."
Under the terms of the agreement, Wipro is now an authorised design services centre for Parthus, and will implement various system-on-chip (SOC) designs for licensees of Parthus IP platforms. System-on-chip solutions are typically used in low-power, high-performance mobile applications. Also as part of the deal Parthus will support Wipro with training, skills transfer and ongoing support.
Some of Wipro's clients and partners include Symbian, ARM, Texas Instruments, Nokia, Ericsson, Intel, Microsoft and Sun Microsystems.
Among Wipro's partners, ARM stands out with respect to Wednesday's deal because it is a significant competitor to Parthus. In 1999, Wipro Technologies became the second ARM-approved third party design centre. That agreement lets Wipro use ARM technology in the design of complex systems-on-chip using the ARM processor, a deal similar to Wipro's recent agreement with Parthus.
The new agreement for Parthus follows a deal signed by the company last month with Sun Microsystems to advance the development of Java for mobile devices. As part of that cross-licensing deal, Parthus and Sun will cooperate on future developments of Java using Parthus' MachStream acceleration platform.
In July of 2001 Parthus Technologies, issued its second quarter results, recording a 23 percent increase in licensing revenue. Net losses for the company were at USD5.056 million for the second quarter of 2001, compared with net losses of USD7.882 million for the corresponding period of last year. Total revenue increased 30 percent in Q2 2001 from the same period in 2000, and up four percent sequentially to USD10.2 million.
In that same month Wipro Limited posted a 92.85 percent jump in net profit at INR20.77 billion (EUR470 million) for the April-June 2001 quarter as against INR10.77 billion (EUR243.8 million) in the corresponding period of the previous fiscal year. On a year-on-year basis, the company's revenues grew 27 percent with Wipro logging a total income of INR79.49 billion (EUR1.8 billion) in the year's first quarter as against INR62.21 billion (EUR1.41 billion) reported by the company in the quarter ending 30 June 2000.
Tuesday in New York Wipro closed at USD20.70, down from its 52-week high of USD68.4375 in December of 2000. Parthus closed in New York at USD2.96, slightly up on the day, but down from its 52-week high of USD48.3594.
Wipro employs 10,000, in 20 offices across Europe, Asia and North America.
The two companies are at wipro.com and at parthus.com. |
