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Technology Stocks : Silicon Laboratories - SLAB
SLAB 146.96+1.4%Jan 8 3:59 PM EST

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To: TigerPaw who wrote (47)10/17/2000 1:29:07 PM
From: TigerPaw   of 76
 
Sales for Silicon Labs double

By Kirk Ladendorf
American-Statesman Staff
Tuesday, October 17, 2000

Silicon Laboratories Inc. of Austin on Monday said third-quarter sales had doubled from a year ago and reported a profit bigger than analysts had forecast.

The 4-year-old company, which designs and sells communications chips, said its sales totaled $29.4 million, up 101 percent from the third quarter last year. Net income from operations was $6.5 million, or 13 cents a share, up from $4.4 million, or 10 cents a share, last year and ahead of the consensus analysts' estimate of 11 cents a share.

Earnings after the noncash adjustments totaled $4 million, or 8 cents a share.
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