Egos, Big Bank Accounts Keep Comm-Chip Makers Single
Communications IC outfits have already withstood a world of hurt on the revenue side. In the past two years Applied Micro Circuits(AMCC Quote) has watched sales go into a tailspin, dropping 85% from the peak. Three other companies have all seen revenue shrink more than 70% from the peak.
| How Far They've Fallen Revenues of Comm IC Suppliers, From Peak to Now |
||||
| Sales in Most Recent Quarter, in Millions | Sales in Peak Quarter, in Millions | Date of Peak Revenues | % Decline in Revenues from Peak | |
| AMCC | 21 | 143 | Dec 2000 | 85 |
| BRCM | 296 | 340 | Dec 2000 | 13 |
| CNXT* | 165 | 561 | Sept 2000 | 71 |
| EXAR | 15 | 33 | Dec 2000 | 55 |
| PMCS | 53 | 232 | Dec 2000 | 77 |
| VTSS | 38 | 165 | Dec 2000 | 77 |
| *Note current sales level reflects the spinoff of Conexant's wireless business in June 2002. Source: Baseline | ||||
| Downsizing, Take Two (or Three) Recent comm IC layoffs |
|||
| Company | Date Announced | % of Staff | Number of Workers |
| Applied Micro Circuits | July 2002 | 25 | 275 |
| Broadcom | November 2002 | 16 | 500 |
| PMC-Sierra | January 2003 | 16 | 176 |
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