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Technology Stocks : QuickLogic < QUIK >

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To: Gene Hooker who wrote (11)	2/29/2000 11:37:00 PM
From: Techplayer	Read Replies (1) of 17

From CBS marketwatch... QuickLogic communications boost QuickLogic (QUIK: news, msgs) CEO Tom Hart said that communications sector revenue is the fastest-growing segment of the specialty chip designer's business. Hart said he sees revenue from communications growing to 50 percent in the next 18 months to two years. In 1999, sales from that segment were at 28 percent. QuickLogic designs field programmable gate arrays, chips that manufacturers can reprogram to cut down time during the manufacturing process. It competes with Xilinx and Altera. Hart said that embedded standard products, or ESPs, which enable customers to create multifunction chips, are a growth area for the company. "We're winning in the existing market, and ESP hasn't started to kick in yet," he said. ESP was introduced in the beginning of 1999 and made up of 8 percent of the company's total revenue that year. QuickLogic counts a few blue-chip companies among its clientele. IBM is its No. 1 customer, making up 5 percent of sales; Alcatel is in the No. 2 spot. Shares of QuickLogic rose 9 11/16, or 44 percent, to 30 1/2 Tuesday.

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