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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
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August 24, 2014
21:56 EDTISILB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
August 22, 2014
16:42 EDTISILMarket finishes week higher on economic data, earnings
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August 21, 2014
11:13 EDTISILShares of Semtech up as Bloomberg says company positioned for good fortune
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09:07 EDTISILOn The Fly: Pre-market Movers
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07:09 EDTISILInfineon deal positions Intersil, Semtech for good fortune, Bloomberg says
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August 20, 2014
11:47 EDTISILOptions with increasing implied volatilit
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