static int __init cy_init(void)
 {
        unsigned int i, nboards;
+       int retval = -ENOMEM;
 
        cy_serial_driver = alloc_tty_driver(NR_PORTS);
        if (!cy_serial_driver)
-               return -ENOMEM;
+               goto err;
        show_version();
 
        /* Initialize the tty_driver structure */
        cy_serial_driver->flags = TTY_DRIVER_REAL_RAW;
        tty_set_operations(cy_serial_driver, &cy_ops);
 
-       if (tty_register_driver(cy_serial_driver))
-               panic("Couldn't register Cyclades serial driver\n");
+       retval = tty_register_driver(cy_serial_driver);
+       if (retval) {
+               printk(KERN_ERR "Couldn't register Cyclades serial driver\n");
+               goto err_frtty;
+       }
 
        for (i = 0; i < NR_CARDS; i++) {
                /* base_addr=0 indicates board not found */
        /* look for pci boards */
        nboards += cy_detect_pci();
 
-       return nboards ? 0 : -ENODEV;
+       if (nboards == 0) {
+               retval = -ENODEV;
+               goto err_unr;
+       }
+
+       return 0;
+err_unr:
+       tty_unregister_driver(cy_serial_driver);
+err_frtty:
+       put_tty_driver(cy_serial_driver);
+err:
+       return retval;
 }                              /* cy_init */
 
 static void __exit cy_cleanup_module(void)