New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 19, 2013
07:42 EDTISILIntersil to cut workforce by 18%
Intersil announced restructuring initiatives designed to prioritize the company's sales and development efforts, strengthen financial performance and improve cash flow. The restructuring plans will be substantially completed during the Q1 of FY13 and are expected to reduce annual operating expenses by approximately $30M. A restructuring charge of approximately $15M for severance related benefits is expected during the Q1. The refocusing effort will reduce the company's global work force by approximately 18%. Costs savings are expected to be achieved through reductions in work force and increased focus on new product development efforts.
News For ISIL From The Last 14 Days
Check below for free stories on ISIL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 31, 2014
10:02 EDTISILOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:25 EDTISILIntersil downgraded to Hold from Buy at Craig-Hallum
Subscribe for More Information
July 30, 2014
16:59 EDTISILIntersil sees Q3 adjusted EPS 19c-20c, consensus 19c
Sees Q3 revenue growth flat to up 3%, consensus $152.67M.
16:58 EDTISILIntersil reports Q2 adjusted EPS 19c, consensus 18c
Subscribe for More Information
July 21, 2014
07:13 EDTISILIntersil added to Focus List, Silicon Laboratories removed at B. Riley
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use