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NXP sells off sound division for $855 million

12/22/2010 04:55 PM EST
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GREAT-Terry
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re: NXP sells off sound division for $855 million
GREAT-Terry   12/24/2010 3:00:13 AM
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NXP is big but it is also old (it is just Philips but changes the name). It just lose the focus and people may not know what to do. In this century, it is too difficult for such a big company to survive as the world is changing so fast. They need to cut out some non-profitable or not-so-profitable business in order to refocus on higher profit section. Saying that, audio system is indeed not high-end enough and the margin is so thin for such a big company. Good to see people try to think about high performance market rather than just huge but dirty and messy market.

Baolt
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re: NXP sells off sound division for $855 million
Baolt   12/23/2010 9:57:01 PM
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@Dave, this is the way of new KKR backed CEO, during last 2 years NXP either s gone to joint venture, or sell off with share owning. Besides thanks to private equity who filled inside of NXP with dept, and would like to get back their money. After sell off mobile unit they had 1,2B. TV and sat. unit to 600K, IPO release and now one more sell to 800K to cover up however +6B dept is huge where no ultimate sales growth is happening around. All admin team trying to assure people that company goes well on HPMS which is simply a fun story. unfortunately big NXP is gone to disappearing from top list, will remain very focused, shrunk company if KKR wont sell off

goafrit
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re: NXP sells off sound division for $855 million
goafrit   12/23/2010 9:01:29 PM
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What is really core business in this age of Apple and Google? Can you have a core business? Think of IBM that has become a consulting technical company. The world is being redesign and it is pity NXP was not up to the task. They have to sell assets. Too bad

goafrit
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re: NXP sells off sound division for $855 million
goafrit   12/23/2010 9:00:54 PM
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This seems strange when iconic companies are going down the drain. NXP is a global brand and it is shame they cannot compete.

goafrit
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re: NXP sells off sound division for $855 million
goafrit   12/23/2010 9:00:13 PM
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This seems strange when iconic companies are going down the drain. NXP is a global brand and it is shame they cannot compete.

yalanand
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re: NXP sells off sound division for $855 million
yalanand   12/23/2010 6:21:42 PM
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True Dave, compromise is better than making loss. If this step helps NXP raise some fund and concentrate on core business then this is step in right direction.

anoiret
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re: NXP sells off sound division for $855 million
anoiret   12/23/2010 10:12:03 AM
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I am not proud anymore for for having worked 9 good years for NXP, if all this continues (and there is not anymore the Company for which I I worked), in less tan 1 year it will be completely dismanteled. A

Dembusque
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re: NXP sells off sound division for $855 million
Dembusque   12/23/2010 9:35:09 AM
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One step further in the dismantlement of the former semiconductor division of Philips. No need to be suprised, this is the usual strategy of the private equity firms (like the ones who own NXP) to get money back after a LBO. I don't think NXP's interests (from an industrial point of view) have anything to do in there

Dave.Dykstra
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re: NXP sells off sound division for $855 million
Dave.Dykstra   12/23/2010 4:09:40 AM
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This certainly looks like it could be beneficial for both companies by allowing NXP to focus more on its core business while enable Sound Solutions to continue with its core business.

Bobbala
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re: NXP sells off sound division for $855 million
Bobbala   12/23/2010 2:18:02 AM
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huh NXP has been running out of cash. I worked for NXP, ST-NXP and ST-Ericsson(here STMicro took over the NXP share).

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