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Phoenix to spin off IP unit

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Phoenix to spin off IP unit

PC BIOS vendor Phoenix Technologies will spin off its semiconductor intellectual property division, creating a separate company.

The move is designed to let Phoenix management focus more resources on enhancing its software products and developing its new Internet-content venture.

As part of the plan, Phoenix said it will reduce its emphasis on certain technology gained in its recent acquisition of Sand Microelectronics. The move will result in a $4.9 million non-cash charge in the fourth quarter.

The story appears at www.techweb.com.

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