Tundra takes Q4 loss after compensating Gennum

OTTAWA – System interconnect products maker Tundra Semiconductor Corp. drops $5.3 Tundra-logo-153X32.JPGmillion into the red in Q4 2009, a loss which includes a $5-million “break fee” to Burlington, Ont.-based Gennum Corp. The company had a loss of $3.9 in the fourth quarter of fiscal 2008. Revenue for the quarter was $15.5 million, a 13% decrease compared to the same period last year. Full-year revenue was $66.4 million, down 6% from 2008, while losses shrank to $4.2 million from the previous year’s losses of $59.6 million. Click here for the full financial report.

Submit a comment

Please leave your name, which will be used to sign your submission to the SCANsite. Thanks for contributing your thoughts. Come back again. Tony Patterson, Editor & CEO.

© 2006 - 2009 SCAN
Site by Citadel Rock