Monday, January 24, 2005

Agere Reports Q4 Revenue of $439 million

Agere Systems reported quarterly revenue of $410 million, compared to $439 million in the preceding quarter and $516 million in the year-ago quarter. The company reported a GAAP net loss of $67 million, or $0.04 per share, including $60 million in net restructuring charges and related costs.

"We achieved strong design win momentum in all areas of the business and we are pleased by our continued strength in storage where we increased shipments of read channels and system-on-a-chip solutions to key customers targeting PC and consumer electronics applications," said John Dickson, president and CEO.


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