BROWSING: Royal Philips

SAN DIEGO-Qualcomm Inc. said it reached an agreement with the world's largest chip maker, Intel Corp., to continue licensing Code Division Multiple Access technology to DSP Communications Inc., which Intel agreed to purchase in October.Qualcomm granted DSPC a cross license for CDMA technology in...

News that the world's largest chip maker, Intel Corp., plans to purchase mobile-phone chipset maker DSP Communications Inc. for $1.6 billion in cash left some analysts concerned last week that CDMA innovator Qualcomm Inc. may wreak havoc on the benefits.DSPC licenses Code Division Multiple...

The wireless handset market has proven that a strong brand name doesn't guarantee success. Sony Electronics Inc. announced last week it is pulling out of the North American handset business and terminating 200 jobs in San Diego. The well-known consumer electronics giant is one of...

SAN JOSE, Calif.-Despite extensive discussions between the two companies, VLSI Technology Inc. and Royal Philips Electronics have not yet reached an agreement that would allow Philips to participate in VLSI's exploration of strategic alternatives, which could include a merger, sale or recapitalization, said VLSI.Alfred...

SAN JOSE, Calif.-VLSI Technology Inc. last week rejected Royal Philips Electronics' hostile takeover bid to acquire all of the outstanding common shares of the company for $17 per share.VLSI's board said the offer "is not adequate and not in the best interests of it...

VLSI Technology Inc. announced its board of directors adopted a new shareholder rights agreement and bylaw amendments to fend off a hostile bid from Royal Philips Electronics.Philips launched the bid for all of the outstanding common shares of VLSI after the semiconductor company declined...

LIBERTYVILLE, Ill.-Motorola Inc. announced it has finalized an agreement to purchase the research and product development portion of Lucent Technologies Inc.'s wireless handset facility in Piscataway, N.J.Motorola said it plans to operate the facility as a design center, focusing on digital wireless handset technology....

Motorola Inc. plans to purchase assets related to the research and product development portion of Lucent Technologies Inc.'s wireless handset facility in New Jersey.The two companies have signed a tentative agreement, contingent upon Lucent fully dissolving its partnership with Royal Philips Electronics, and Motorola...

The head of Philips Consumer Communications quit last week amidst the company's announcement it doesn't expect to break even this year.PCC President and Chief Executive Officer Mike McTighe resigned from those positions effective Oct. 1.When Lucent Technologies Inc. and Philips Electronics N.V. hatched the...