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Product category: Communications ICs (Wired)
News Release from: Agere Systems
Edited by the Electronicstalk Editorial Team on 27 October 2005

Agere cuts its losses

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Agere Systems has reported its financial results for the fourth quarter and fiscal year 2005.

Agere Systems has reported its financial results for the fourth quarter and fiscal year 2005 For the quarter ended on 30th September 2005 Agere posted net income of $7 million or $0.04 per share on a GAAP basis, compared with the year-ago net loss of $127 million or $0.74 per share, and net income of $120 million or $0.66 per share in the June quarter