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  September 5, 2001
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Home > Company Index > Electronics & Misc. Technology > Semiconductor - Integrated Circuits > Conexant Spinco, Inc.

Conexant Spinco, Inc.
 PROFILE
The spinoff is spinning off Spinco. Conexant Spinco, which does business as Mindspeed Technologies, is the Internet infrastructure subsidiary of chip maker Conexant Systems, itself a spinoff of Rockwell International. Conexant Spinco's broadband products feature system-level chips used in networking equipment such as high-speed routers and optical switches. Customers include OEMs such as Cisco and Lucent (15% and 12% of sales, respectively), contract manufacturers Solectron and ACT Manufacturing (12% and 11%), and distributors including Avnet (17%). Conexant Systems has cancelled the subsidiary's planned initial public offering; the business will be spun off to shareholders instead.

 COMPETITION
Analog Devices, Inc. (ADI)
Intel Corporation (INTC)
Texas Instruments Incorporated (TXN)

 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 579.20
1-Yr. Sales Growth: 108.6%
Employees: 1,500
Revenue per employee: $386,133.33

 KEY PEOPLE
• Raouf Y. Halim
    CEO
• Balakrishnan S. Iyer
    CFO

 CONTACT INFO
4000 MacArthur Blvd.
Newport Beach, CA 92660
US
Phone: 949-483-4600
Fax: -

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