Pixelworks, Inc. (PXLW) Message Board

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Technology Stocks : Pixelworks, Inc. (PXLW)

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To: Perry Ganz who wrote (24)	4/18/2001 9:57:25 PM
From: Susan G	Read Replies (1) of 47

CEO Says Price Drop Reason For Rev Jump Semiconductor company Pixelworks saw sales growth of 200% in the first quarter compared with last year mainly because of falling prices of flatpanel displays, Allen Alley, the company's president, chief executive, and chairman, told Dow Jones Newswires. "The price of flatpanel displays has dropped to half what it was a year ago," Alley said, adding that most other semiconductor business has not seen a similar drop. According to Alley, Pixelworks' strengthened position in the market also added to first-quarter results. Alley explained the company's first-quarter charge of $32.4 million as a result of the January close on the acquisition of Panstera. The acquired company, which is in the development stage, has not generated revenue so far. "We expect them to contribute to revenues in the second half of this year," Alley said. -By Victoria Marcinkowski, Dow Jones Newswires; 201-938-2408; victoria.marcinkowski@dowjones.com (END) DOW JONES NEWS 04-18-01 01:21 PM * end of story *

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