Analog chipmaker Intersil (ISIL) discloses its board has approved a restructuring plan that will...
Wednesday, May 23, 2012, 5:41 PM ETAnalog chipmaker Intersil (ISIL) discloses its board has approved a restructuring plan that will reduce its workforce by 11%, and lower its annual operating expense rate by $40M by Q3. The plan is expected to result in $9M in restructuring charges. Intersil is currently expected to see its revenue fall 9.3% Y/Y; that's worse than what's expected for many rivals, and implies some share loss.
TECH ETFs IN FOCUS
Latest Tech Articles