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casual3
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re: How Conexant ended up filing for Chapter 11
casual3   3/6/2013 12:47:10 AM
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As an ex-Conexant in the early 2000,I agree with most of the analysis. Broadcom and Conexant are neighbors in Newport and many Broadcom employees are from Conexant. The only major difference is the vision of the management team. As far as I can remember, Conexant's CEO Dwight Decker was a nice guy, and we didn't have a strong CTO (don't even remember the name, or did we have one?). I was told Broadcom's CTO Henry Samueli was a visionary, so that might be the difference (in addition to the M&A strategy).

eewiz
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re: How Conexant ended up filing for Chapter 11
eewiz   3/6/2013 4:16:42 AM
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Skyworks is doing pretty well. How much stake conexant have in skyworks? Couldnt they just sell the interests in the spinoffs to payoff the debt?

casual3
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re: How Conexant ended up filing for Chapter 11
casual3   3/6/2013 4:35:04 AM
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Not sure, but I think Conexant got lots of cash when spinning off Skyworks. That's short-sighted (when Skyworks was not worth much).

old account Frank Eory
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re: How Conexant ended up filing for Chapter 11
old account Frank Eory   3/6/2013 7:56:37 AM
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I have fond memories of working with some great Conexant engineers on a JV back in the late 90s/early 00s. It was a shame to see the company continue to shrink to such a level, much as my former employer did -- not only through market changes, but also due to simple divestiture. Those divestments may have brought in lots of cash and unleashed shareholder value, but when taken to extreme, the remaining so-called core business is often not sustainable.

krisi
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CEO
re: How Conexant ended up filing for Chapter 11
krisi   3/6/2013 3:38:47 PM
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I recall huge difference in management team at Broadcom and Conexant in late 90s....Broadcom was a mission to conquer the semi world, which they almost did

SKYHAWK
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re: How Conexant ended up filing for Chapter 11
SKYHAWK   3/6/2013 6:01:25 PM
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sailesh chittipedi should have been canned a long time ago, thats Connexant problem right there. Too slow to act. S

Andigit
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re: How Conexant ended up filing for Chapter 11
Andigit   3/6/2013 9:47:09 PM
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All Conexant CEOs and presidents/co-presidents were responsible for the plight of the company. As a Rockwell spinoff, it had excellent product portfolio IP and product portfolio and a very solid engineering team with excellent DSP/analog technology. Dwight Decker, Dan Artusi, Scott Mercer, Sailesh Chittipeddi and Christian Scherp let the company down by making financial and strategic blunders. None of these CEOs very visionaries or had any technical depth or understood the markets well. Sad.

rick merritt
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re: How Conexant ended up filing for Chapter 11
rick merritt   3/7/2013 1:43:35 AM
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Wonderful analysis in a very short amount of time! Sound like the Maker acquisition was one of the biggest blunders, coming when many people were trying to jump ahead of "the long boom" Wired and others predicted with bets in optical communications that went south in the dotcom bust.

the_contrarian
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re: How Conexant ended up filing for Chapter 11
the_contrarian   3/7/2013 5:06:09 AM
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Actually, this was a canny strategic move by the CEO. Kudos. This company has been hobbled with excessive legacy debt for years, and a pre-pkg BK means they can finally move forward... with the help of a golden angel here or there. Not predicting miracles, but don't be shocked if they move to go public again in the intermediate term.

Pi3P1415926
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Rookie
re: How Conexant ended up filing for Chapter 11
Pi3P1415926   3/7/2013 7:29:29 PM
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executives got millions of dollars in the endless spin off and reorg. None of them cared about the future growth.

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