Short on Zilog [ZLG on NYSE]
Here are some facts regarding this firm I downloaded:
>Tuesday, January 20, 1998 04:20 PM
>
>CAMPBELL, Calif.--Zilog Inc. (NYSE:ZLG), a leading semiconductor
>manufacturer, today reported sales and net income for the fourth
>quarter and fiscal year ended Dec. 31, 1997.
>
>Net sales for the fourth quarter of fiscal 1997 were $58.9
>million, down 13.6 percent from the $68.2 million reported in
>the fourth quarter of 1996. Net sales for 1997 were $261.1
>million down 12.5 percent from the $298.4 million reported in
>1996.
>
>Net income for the fourth quarter was $359,000, down 90.3
>percent from the $3.7 million reported in the fourth quarter
>of the prior year. Net income for the year was $11.9 million,
>down 60.5 percent from the $30.0 million reported in 1996.
>
>Earnings per share assuming dilution for the fourth quarter
>were $0.02 on 20.5 million shares of stock, compared with $0.18
>on 20.5 million shares reported in the same quarter of 1996.
>Earnings per share assuming dilution for 1997 were $0.57 on
>20.7 million shares of stock, compared with $1.47 on 20.5
>million shares in 1996.
>
This hasn't fallen that much despite the poor showing. I have
shorted the stock.
Jacob Rosenberg |
