The stock of Mindspeed Technologies Inc. rose more than 8 percent at close of trading on a recent market value of about $76 million. The jump is likely due to the sale of its certain non-core patents for $10 million. Mindspeed is a leading supplier of semiconductor solutions for network infrastructure applications.
 
Mindspeed has a broad intellectual property portfolio with a number of patents. The company who sold off patents said that those patents are no longer core to its business focus. Since last year, the company has been generating revenues from patent sales and also expects to sell additional non-core patents or licensing arrangements in the future.
Mindspeed designs, develops and sells semiconductor networking solutions for communications applications in enterprise, access, metropolitan and wide-area networks.
 
The company’s three key product families include high-performance analog transmission and switching solutions, multiservice access voice-over-IP processors designed to support voice and data services across wireline and wireless networks and WAN communication products such as T/E carrier transmission devices and ATM/MPLS network processors.
 
Mindspeed’s products are used in a wide variety of network infrastructure equipment, including voice and media gateways, high-speed routers, switches, access multiplexers, cross-connect systems, add-drop multiplexers and digital loop carrier equipment.

This entry was posted on Wednesday, July 23rd, 2008 at 5:11 am and is filed under Venture Capital News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.