When will Virage become profitable?
Mark LaPedus, EE Times
(04/06/2010 5:12 PM EDT)
Virage (Fremont, Calif.) has recently made two major acquisitions. And not long ago, the company was a mere memory and physical semiconductor IP house. Now, it has expanded into other new and growing fronts.
But the real question is clear: When will the IP house become profitable again? The company has posted a net loss for seven consecutive quarters. Its last profitable quarter was the second fiscal quarter of 2008.
Clearly, it's tough to make money in the semiconductor IP business. And the recent recession did not help matters.
So, has Virage reversed its fortunes? Finally. Wall Street predicts the company will show a profit of $0.05 a share on sales of $23.78 million for its second fiscal quarter.
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