Product category:
Intellectual Property Cores
News Release from: ARC International
Edited by the Electronicstalk Editorial
Team on 08 July 2005
Modest growth disappoints ARC
ARC International reports that its unaudited turnover for the first half of calendar year 2005 will be approximately GBP 5.4 million, nearly 9% higher than the corresponding period in 2004.
ARC International reports that its unaudited turnover for the first half of calendar year 2005 will be approximately GBP 5.4 million, nearly 9% higher than the corresponding period and business in 2004 Commenting on the trading update, Monica Johnson, Chief Financial Officer, said: "We're pleased to report that we signed 17 new licences for the first half of the year"
This article was originally published on Electronicstalk on 20 Feb 2001 at 8.00am (UK)
Related stories
ARC emulators use JTAG to cut external hardware
Available from ARC Cores are the first JTAG emulators for a configurable processor to provide powerful development and test capabilities normally only available with external hardware.
Board supports soft-processor-based SoC designs
ARCangel 3 from ARC Cores is a new development platform supporting the latest available FPGAs.
"However, the delay of one contract and expected delivery in the second half for two other contracts resulted in revenue below expectations".
"Headcount and expenses remain inline with management's expectations and our significant cash position is substantively unchanged from the 2004 year end".
Carl Schlachte, President and Chief Executive Officer, said: "Although these results are slightly below our own expectations, we continue to be pleased with ARC's increasing licensing momentum and with the growing adoption of our patented configurable technology by market leaders".
"The 2005 semiconductor market started slowly and with cautious outlooks from several industry analysts, due to overall inventory build-up in 2004".
"ARC was initially affected by this environment, but our licensing activity returned to expected levels in recent months".
"As a result, we remain optimistic about ARC's business for the remainder of this calendar year and beyond as we continue with our strategy to bring the benefits of configurable CPU technology to the global embedded market".
• ARC International: contact details and other news
• Email this article to a colleague
• Register for the free Electronicstalk email newsletter
• Electronicstalk Home Page
Search the Pro-Talk network of sites
