hi Jeff, thanks for the report but don't forget that no one ever post here.
Here's a snip from SSB:
Xilinx (XLNX, 1H) has enjoyed very strong business conditions quarter to
date. The company a month ago raised its sequential sales growth outlook
from 7% to 9%. After February, it now appears that 10% sequentially is
realistic and we believe there is very good upside potential above that
figure.
The communications sector is leading the charge for Xilinx, including
major production orders for Virtex high-end devices. Additionally, sales
of mature devices, such as the XC4000 family, continue to be strong, as
the typical 3 year end-product life cycle is extending to 5 years, in
many cases.
Xilinx is executing its sales strategy, growing relationships at global
customers while increasing its broad customer base. Sales to the
communications end market will likely top 70% of total revenues for the
March quarter. Indeed, all product lines are expected to grow in the
quarter and all geographic regions are strong.
We believe the company has the best product position in the Programmable
Logic Device market, and we continue to find Xilinx as one of the most
attractive stocks in our coverage universe. |
