IPO confirmed as tech rebounds?
By Jo Best
Published: 27 January 2004 12:35 GMT
The tech sector - and wireless in particular - could well be showing the green shoots of recovery, if Cambridge Silicon Radio is anything to go by.
The wireless-chip maker, which produces hardware used in half of Bluetooth-enabled phones, announced on Monday that it intends a 25 per cent flotation during the first quarter of this year.
The flotation could net CSR more than £50m in new funding and may well see some of the company's original investors - which include Sony, Intel and venture capitalists 3i - jumping ship.
CSR showed a healthy full-year turnover last year of nearly £37m, producing two quarters of profitability and a massive year-on-year increase in earnings, after signing up new customers such as Nokia and IBM.
Is CSR's float the most exciting IPO of the year? Let us know by taking our quick poll here.
Ability to influence Nokia decision making in complex situations. Leads activities that affect Nokia's competitiveness long term and operative ...
Leads activities that affect Nokia's competitiveness long term and operative execution of platform programs. Nokia, Services, global, long-term - ...
With a turnover in excess of 10 million a year, our clients include many of the most respected and demanding International businesses and we offer ...
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