Chameleon Systems Reconfigures Its Product Roadmap; Aggressive Architectural Development Plans Lead Chameleon to Restructure and Downsize.Business Editors/High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Jan. 8, 2002 Chameleon Systems, Inc. today announced it has restructured and downsized its workforce by roughly 50 percent to initiate an aggressive shift in the architecture of it flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , the CS2112 Reconfigurable Communications Processor (RCP (networking, tool) rcp - (Remote copy) The Unix utility for copying files over Ethernet. Rcp is similar to FTP but uses the hosts.equiv user authentication method. Unix manual page: rcp(1). ). "Based on the feedback we have received from our customers on the completion of our initial product, and the relatively low near-term demand for new systems and design starts, we have elected to return to a development-oriented company structure and enhance our architecture, rather than broadly launch the product at this time," said Tim Unger, Chameleon's recently appointed president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Given the extremely weak macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. conditions today, especially in the telecommunications sector, we expect the market will probably remain soft for most of 2002," Unger explained. "This time period allows aggressive, forward-thinking companies like Chameleon to gain a substantial competitive advantage with next-generation products, and to have these products ready to go when the economy rebounds." Owing to owing to prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de a remarkably successful third-round funding in February of last year, Chameleon has a substantial level of cash remaining. However, the time required to develop the new architecture is longer than the time planned for the delivery of the next chip on the previous product roadmap, the CS3112. Therefore, Chameleon has instituted the restructuring and downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing of the company to extend its present level of funds into Q4 of 2003, well beyond the availability of its new technology. "We have taken a proactive stance in response to the effects of the recent economic upheaval," said Unger. "Chameleon will deliver a solution that meets our customers' performance requirements in synch with their next-generation system design plans. Returning to a development-stage company now will enable us to provide our communications customers a highly competitive silicon solution -- a disruptively competitive product -- and a set of tools that can easily and quickly program such a device, at the precise time that they require them." About Chameleon Systems Founded in 1997, Chameleon Systems, Inc. is a privately held fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. that designs, markets and sells programmable system-on-a-chip solutions for the communications electronics markets. Headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , the company has developed the industry's first reconfigurable communications processor (RCP)-- a high-performance solution for dataflow-intensive communications systems, software-defined radio, and other embedded telecom and datacom applications. The Chameleon RCP solution allows data and telecom equipment vendors to create customized communications signal processors to increase performance and channel count, adapt to new requirements and standards, reduce time-to-market, lower development costs and reduce risk. Visit Chameleon Systems at http://www.chameleonsystems.com. |
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