Sierra Semiconductor Corp reported first-quarter net income down 4% at $8.5m on revenue down 48% at $33.6m. Earnings per share for the quarter slipped 7% to $0.27. According to Sierra, the revenue change reflects the decline in sales of modem chipsets, which the company has said it will quit manufacturing.
Sierra Semiconductor Corp reported first-quarter net income down 4% at $8.5m on revenue down 48% at $33.6m. Earnings per share for the quarter slipped 7% to $0.27. According to Sierra, the revenue change reflects the decline in sales of modem chipsets, which the company has said it will quit manufacturing.
