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Ceva divests GPS technology, product line

Posted: 29 Jun 2006  Print Version  Bookmark and Share Subscribe

Keywords: divestment  Ceva  GPS  GloNav  DSP core 

[Summary of tips] Ceva Inc., a licensor of DSP cores, multimedia, GPS and storage platforms, announced the divestment of its GPS technology and associated product line to GloNav, a new U.S.-based fabless company, in return for an equity ownership of 19.9 percent in GloNav on a fully diluted basis. The new company also licensed the Ceva-TeakLite ......
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