Dow Jones News Service -- January 23, 1996
Actel Corp. 4Q Net 19c A Share Vs 13c
Quar Dec. 31:
1995 1994
Revenues $32,553,000 $20,732,000
Net income 3,878,000 2,306,000
Avg shrs 20,808,000 17,562,000
Shr earns
Net income .19 .13
Year:
Revenues 108,516,000 76,007,000
Net income a (1,132,000) 7,867,000
Avg shrs 17,367,000 17,579,000
Shr earns
Net income a (.07) .45
Figures in parentheses are losses.
a. Reflects a pretax charge of $16.6 million for the acquisition of in-
process research and development. Excluding the charge, net income was
$8.8 million, or 44 cents a share.
Actel Corp. (ACTL) attributed its improved results in the latest fourth
quarter to continuing cost reduction efforts, which are moving gross
margins and operating expenses closer to the company's financial model.
Actel said unit sales of field programmable gate arrays rose 67% in the
latest fourth quarter, while overall average selling prices fell 2%.
Actel, Sunnyvale, Calif., is a supplier of antifuse-based field
programmable gate arrays and associated software development tools.
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