GlobespanVirata Reports Revenue of $137 Million

GlobespanVirata reported Q4 revenue of $137 million, a 168% increase over Q4 2002 and a 39% sequential increase over Q3 2003. This marks the sixth consecutive quarter of revenue increases for the company. The figures include revenues for the wireless LAN business acquired in August 2003 from Intersil. Net loss and basic and diluted loss per share were ($10,912,000) and ($0.07), respectively. http://www.globespanvirata.com