>I only claim to have learned to go where the money in the market is going.
Wow! now combine that with where the money is leaving and you end up with a beautiful combination.
Going? >SANTA CLARA, Calif.--(BUSINESS WIRE)--July 24, 2000--IXYS Corporation (NASDAQ:SYXI) today reported record revenues of $23.3 million for the quarter ended June 30, 2000 which is an increase of 36% over the $17.1 million revenue for the same quarter in the prior fiscal year. Net income has grown at a higher pace to $3,694,000
($0.30 per share, diluted), which is an increase of 218% over the net income of $1,163,000 ($0.10 per share, diluted) in the prior-year quarter.
Net income in the quarter ended June 30, 2000 included a $1.1 million gain composed primarily of a one-time payment for a technology license, reduced by accruals for anticipated legal expenses.
Gross profit was $8.2 million, or 35.3% of net sales, for the first quarter of fiscal 2001. This compares with a gross profit of $5.6 million, or 33.0% percent of net sales for the first quarter of fiscal 2000. The increase in gross profit reflects increased manufacturing efficiencies.
"This is the fourteenth consecutive quarter of revenue growth, and the ninth consecutive quarter of record revenue level," said Nathan Zommer, President and CEO. "We are committed to our expanded new products plan and increased capacity demand, as needed by the strength of our bookings. We are also thankful to our dedicated employees and loyal customers worldwide in achieving this level of performance."
With the recent acquisition of Directed Energy, Inc., IXYS has expanded its product range, including high-power RF power MOSFETs, laser diode drivers and high-voltage pulse generators.
IXYS develops and markets primarily high performance power semiconductor devices that are used in controlling and converting electrical power efficiently in power supplies, uninterruptible power supplies (UPS), motor drives, medical systems and transportation. IXYS also serves its markets with a combination of digital and analog integrated circuits (IC), including unique high-speed static random access memory (SRAM) for the telecom and industrial markets.
Leaving?
Dell and Lucent.
Btw
Bought Amzn Jan 30 calls at 7 3/4 while I was in London.
>WASHINGTON - Amazon.com <AMZN.O>, which basically invented online retailing, abruptly changed course Thursday by entering into a long-term relationship with a formidable competitor, Toys R Us Inc <TOY.N>. |
