Hopefully painful days of Conexant are over since they again go to private with strong investors behind. They sold out all valuable business lines which disturbed reputation and trust of company towards clients also caused lots of highly educated/experienced employee lost. Again hopefully its over besides as @daleste said, real good way to make money from nothing for smsc.
As ex-Conexant employee, I am happy to see that Conexant float as an independent company. Considering the Company once valued close to 100 billion, it is sad to see entire company sold with such low value. I feel Conexant long time CEO Dwight Deck should take major responsibility for that.
This augurs well for Conexant in way, though it is sad to see the developments. They are widely popular for on modem ICs and have had good business but not really making it to the big league.
I feel they didn't innovate much in these tough times so sort of faded into the background.