Conexant Systems Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended October 2, 2009. For the quarter, the company reported operating loss of $3.11 million, loss from continuing operations before income taxes and loss on equity method investments of $7.05 million, loss from continuing operations before loss on equity method investments of $7.11 million, loss from continuing operations of $7.75 million or $0.15 per basic and diluted share and net loss of $23.45 million or $0.47 per diluted share on net revenue of $56.15 million compared to operating income of $8.28 million, loss from continuing operations before income taxes and loss on equity method investments of $0.16 million, loss from continuing operations before loss on equity method investments of $0.65 million, loss from continuing operations of $1.46 million or $0.03 per basic and diluted share and net income of $0.92 million or $0.02 per diluted share on net revenue of $81.11 million for the same period a year ago. The company reported capital expenditures of $0.17 million and cash provided by operations of $7.53 million compared to capital expenditures of $1.72 million and cash used in operations of $3.81 million for the same period a year ago. The company reported non-GAAP core operating income of $8.77 million, non-GAAP core income from continuing operations of $3.49 million or $0.07 per diluted share compared to non-GAAP core operating income of $15.46 million, non-GAAP core income from continuing operations of $3.49 million or $0.21 per diluted share for the same period a year ago. Core net income was $3.5 million or $0.07 per share. For the year, the company reported operating loss of $7.11 million, loss from continuing operations before income taxes and loss on equity method investments of $23.23 million, loss from continuing operations before loss on equity method investments of $24.10 million, loss from continuing operations of $26.91 million or $0.54 per basic and diluted share and net loss of $5.26 million or $0.11 per diluted share on net revenue of $208.43 million compared to operating income of $35.29 million, loss from continuing operations before income taxes and loss on equity method investments of $1.73 million, loss from continuing operations before loss on equity method investments of $2.57 million, loss from continuing operations of $0.23 million or $0.00 per basic and diluted share and net loss of $300.17 million or $6.05 per diluted share on net revenue of $331.50 million for the same period a year ago. The company reported capital expenditures of $0.72 million and cash provided by operations of $8.22 million compared to capital expenditures of $5.96 million and cash used in operations of $18.35 million for the same period a year ago. The company reported non-GAAP core operating income of $12.58 million, non-GAAP core loss from continuing operations of $6.53 million or $0.13 per diluted share compared to non-GAAP core operating income of $69.85 million, non-GAAP core income from continuing operations of $48.83 million or $0.98 per diluted share for the same period a year ago. The company reported asset impairments of $5.6 million for the quarter and $5.67 million for the year compared to $0.23 million and $0.3 million reported a year ago, respectively. The company expects revenues for the first quarter of fiscal 2010 to be approximately $60 million. The company expects that first quarter core operating income will be approximately $11 million, with core net income of approximately $0.11 per share.

Conexant Systems Inc. expected to Report Q1 2010 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).

Conexant Systems Inc. introduced a new family of audio system-on-chip (SoC) solutions for embedded audio and voice applications. The CX2070X SoCs are targeted at growing audio opportunities in multimedia IP phones personal navigation devices, portable media players, and mobile Internet devices. Additional applications include MP3 player docking stations, PC speaker systems, audio headsets, and unified communications systems that support services such as voice-over-IP telephony, speakerphone, and audio conferencing functionality. The highly integrated SoCs can also be used to enable audio capabilities in intercom and door phone applications. The new audio solutions are shipping in pre-production quantities to customers now. The highly integrated CX2070X SoCs include an integrated audio/voice digital signal processor (DSP), multi-bit codec, digital and analog input/out interfaces, and a power efficient 2.5-watt per channel Class-D amplifier to drive stereo speakers or optional post-width modulation (PWM) and differential line-out for external speaker systems amplifiers. Key features include Conexant-proprietary technical innovations that significantly improve audio and voice quality.