Thursday, October 7, 2010

Mindspeed Gets $5.3M In Patent Sale

Newport Beach-based semiconductor firm Mindspeed Technologies announced today that it has sold of a portfolio of legacy patents, for $5.3M. Specific details on the sale and the buyer of the patents was not disclosed by the company. The firm said the new sale comes on top of a previously announced, $10.0M patent sale it announced in July. Mindspeed said the patent sales puts the firm in its "strongest net cash position in over five years."