SUMMARY FINANCIAL INFORMATION
Three Months Ended
March 31,
2000 1999
Revenues $61,173,000 $37,240,000
Cost of revenues 28,957,000 18,243,000
Gross profit 32,216,000 18,997,000
Operating expenses
R & D 5,901,000 4,023,000
S, G, & A 14,058,000 12,941,000
19,959,000 16,964,000
Operating income 12,257,000 2,033,000
Other income 9,208,000 803,000
Income before taxes 21,465,000 2,836,000
Income taxes 7,942,000 1,358,000
Net income $13,523,000 $ 1,478,000
Net income per share - diluted $ 0.47 $ 0.05
Weighted average shares
outstanding 28,945,000 28,062,000
Balance Sheet Highlights March 31, December 31,
2000 1999
Assets
Cash & marketable securities $ 96,241,000 $ 92,174,000
Accounts receivable 46,592,000 41,989,000
Inventory 24,148,000 21,733,000
Other current assets 14,091,000 11,533,000
Total current assets 181,072,000 167,429,000
Fixed assets, net 60,869,000 54,675,000
Other long-term assets 9,017,000 10,552,000
Total assets $250,958,000 $232,656,000
Liabilities and stockholders' equity
Short-term debt $ 7,332,000 $ 6,900,000
Accounts payable and accrued
liabilities 26,273,000 30,302,000
Other current liabilities 14,022,000 9,028,000
Total current liabilities 47,627,000 46,230,000
Other long-term liabilities 13,647,000 10,512,000
Minority interest 1,214,000 1,109,000
Stockholders' equity 188,470,000 174,805,000
Total liabilities &
stockholders' equity $250,958,000 $232,656,000
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