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Politics : Formerly About Applied Materials

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Jan 14 3:59 PM EST

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To: StanX Long who wrote (59034)	1/17/2002 9:43:04 PM
From: StanX Long	Read Replies (1) of 70976

Xilinx returns to sequential revenue growth By Crista Souza EBN (01/17/02 16:51 p.m. EST) siliconstrategies.com Xilinx Inc. today announced that revenue and earnings grew sequentially in the December quarter for the first time since March. For its fiscal third quarter of 2002, Xilinx reported $228.8 million in revenue, up 2% from $224.6 million in the September quarter, while net income was $9.7 million, or 3 cents per diluted share, compared to a net loss of $10.5 million a quarter ago. Xilinx earlier said it expected revenue to drop 5% in the quarter. “Our business has finally stabilized after declining for three quarters in a row,” said Wim Roelandts, president and chief executive of the San Jose-based company in a conference call with analysts. “We exceeded our guidance for the quarter, and we expect to gain market share versus other PLD suppliers.” Roelandts attributed the gains to a brisk uptake of its high-priced Virtex-II programmable chips, and a strong position at global accounts relative to competitors. Higher average selling prices also helped to elevate gross profit margins to 55%, added Xilinx's chief financial officer, Kris Chellam.

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