April 17, 2009 / 4:22 PM / 9 years ago

UPDATE 1-Mosaid signs new wireless deal, renews NXP license

* Says Qimonda terminates licensing agreement

* Maintains fourth-quarter, FY09 outlook

April 17 (Reuters) - Mosaid Technologies MSD.TO said it signed a new five-year patent license agreement with an unnamed U.S.-based wireless networking equipment provider, and extended its licensing deal with Netherlands’ NXP BV [NXP.UL].

However, insolvent German chipmaker Qimonda AG QMNDQ.PK terminated a six-year patent licensing deal with Mosaid. The deal came into effect on July 1, 2006.

“Other than through insolvency proceedings, Mosaid does not anticipate receiving future amounts from Qimonda, resulting in a materially adverse impact on the company,” it said.

Despite Qimonda’s insolvency, the intellectual property company maintained its outlook for revenue and pro forma income for the fourth quarter and fiscal 2009.

On Feb. 26, the company forecast fourth-quarter pro forma earnings of 62 Canadian cents to 71 Canadian cents per share, on revenue of C$16 million to C$18 million.

For 2009, the company forecast pro forma income in the range of C$1.92 to C$2.02 per share, on revenue of C$61 million to C$63 million.

Mosaid develops semiconductor memory technology and licenses patented intellectual property in the areas of semiconductors, and wired and wireless communications systems.

Shares of the company were trading up 4 percent at C$11.68 in mid-day trade on the Toronto Stock Exchange. (Reporting by Richa Dubey in Bangalore; Editing by Ratul Ray Chaudhuri)

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