Conexant unveils new network processor chip Newport...

Conexant unveils new network processor chip

Newport Beach chipmaker Conexant Systems Inc. unveiled Tuesday a

line of high-performance home network processors for use with

broadband and wide-area networks.

The so-called CX8611x line allows high-speed Internet access

sharing for multiple personal computer users. For wide-area network

users, the device supports digital subscriber lines, cable and

Ethernet connections.

The line uses two devices that operate at 200 and 300 megahertz

and is compatible with major operating systems like Windows, Linux

and others.

Sample quantities of the devices will be available later in the

year. The device is priced to sell at $15 per chip in quantities of

10,000 or more, the company said.

Conexant shares, which trade on Nasdaq under CNXT, closed Friday

at $1.46, a 0.14% drop in value from the day before.

TriZetto offers to buy back stock to boost price

The TriZetto Group Inc. said Tuesday that it would buy back shares

of its stock to help boost the price.

TriZetto, which trades on Nasdaq as TZIX, is based in Newport

Beach.

The company authorized $10 million for the repurchases and did not

say how many shares it would buy back from the public float. As of

Friday, 45.9 million shares have been issued; 31.2 million of those

are on the market.

“With approximately $80 million in cash and equivalents,” Chief

Executive Jeffrey Margolis said, “TriZetto has the flexibility to

repurchase shares, fund its growth strategy and maintain a strong

balance sheet.”

The company offers information technology services in the

healthcare industry.

TZIX closed Friday at $4.33, up 10.74% on the day.