SMTC: Please check this out, seems like a winner.
biz.yahoo.com
Semtech Corporation (Nasdaq:SMTC - news) a leading supplier of analog and mixed-signal semiconductors for communications, computers, and industrial systems, today announced record net sales, gross margin and net income for the second quarter ended July 30, 2000.
Net sales for the second quarter of fiscal year 2001 were $60.6 million, an increase of 59 percent over comparable prior year second quarter net sales of $38.3 million. Net income for the second quarter of fiscal year 2001 was $13.7 million or $0.36 per diluted share, an
increase of 121 percent over net income of $6.2 million, or $0.18 per diluted share in the second quarter of last fiscal year.
NEWBURY PARK, Calif.--(BUSINESS WIRE)--Aug. 22, 2000--Semtech Corporation (Nasdaq:SMTC - news)a leading supplier of analog and mixed-signal semiconductors for communications, computers, and industrial systems, today announced a two-for-one stock split.
Semtech's Board of Directors has approved a two-for-one stock split in the form of a 100 percent stock dividend. Shareholders of record on Sept. 5, 2000, will be issued a certificate representing one additional share of common stock for each share of common stock held on the record date. The additional shares will be mailed or delivered on or about Sept. 25, 2000, by the Company's transfer agent. It is expected that the outstanding common stock will begin to trade on a post-split basis on Sept. 26, 2000.
Separately, Semtech today announced record net sales, gross margin and net income for the second quarter ended July 30, 2000. Second quarter net sales were up 59 percent and net income was up 121 percent, year-over-year. New orders for the second quarter of fiscal year 2001 increased 16 percent over the prior quarter.
About Semtech
Semtech Corporation is a leading supplier of power management, transient protection, system management, high-performance, and advanced communications semiconductor products for portable and high-speed communications applications. Publicly traded since 1967, Semtech is listed on the Nasdaq National Market under the symbol SMTC. |
