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U.K.-based 3-D chip company VideoLogic Group Plc's losses increased 32 percent for the year ending March 31, but the company hopes to get back on track by addressing more market segments and looking beyond the PC.
The company reported a net loss of $3.7 million compared with a year-ago loss of $1.5 million. The loss included a one-time charge of $2.6 million as part of a reorganization that included the March closing of its San Bruno, Calif. office, which employed about 15 people.
The company relies on NEC Electronics Inc. (NIPNY) for the majority of sales and marketing efforts related to PowerVR chips and has a small staff participating in such activities in the United Kingdom.
To scratch its way back to...