SiliconBeat

Xilinx, the San Jose provider of programmable chips, said today that sales for its most recent quarter will be down a bit more than it had previously thought, falling sequentially by 5 percent instead of the 4 percent drop the company had originally forecast.

The company blamed the drop mostly on Read the rest of this entry »

Sonicwall, the Sunnyvale supplier of network security tools, has agreed to lease 72,000 square feet from chip maker Xilinx at 2001 Logic Drive in San Jose and will relocate its headquarters there after the lease on its current Sunnyvale space expires Sept. 29. The new lease begins Sept. 1 and continues for an initial term that expires Sept. 30, 2014.

While the initial rental rate was not disclosed, Sonicwall committed itself to annual rent increases of Read the rest of this entry »

Cisco Systems said it would be booking a one-time tax charge of about $130 million to $150 million in its current fiscal 2009 fourth quarter after a ruling Wednesday by the U.S. Court of Appeals for the Ninth Circuit in a case between Xilinx and the Internal Revenue Service related to stock-based compensation expense.

Although not named in the case decided, th Read the rest of this entry »

Xilinx, the San Jose maker of programmable chips, said Wednesday it expects to cut 200 jobs, or about six percent of its total workforce. The move is expected to cost anywhere from $11 to $13 million in charges during its current quarter, mostly to cover severance pay, and estimates that it will save the company somewhere between $4 and $5 million per quarter.

The company is implementing other short-term cost-savings measures, including Read the rest of this entry »

For the first time since the company went public in 1990, Xilinx has an independent chairman of its board of directors, now that Philip Gianos has been elected to the position to replace former chief executive Willem Roelandts, who will remain on the board. Read the rest of this entry »