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Technology Stocks : Xilinx (XLNX)
XLNX 194.920.0%Feb 14 4:00 PM EST

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To: The Perfect Hedge who wrote (1997)10/21/1998 8:21:00 AM
From: Charlie Smith  Read Replies (3) of 3291
 
B:

Hallelujah, another tax miracle. Revenues and eps up, but taxes down. <G>

Tax rate was flat at 31% yr/yr.

Receivables were up, bigtime, indicating last week shipments to save the quarter. Ditto for inventories. Looks like oversupply with the customers well stuffed.

DSOs down 9% from previous quarter. Roelandts said sell thru is strong, very little product in distribution pipeline. Hear it for yourself 1 800-633-8284. Sequential increase in inventory is seasonal norm and was actually 9% less than last year.

Stockholders equity hit the skids.

Entirely accounted for by $52 million buyback in quarter.

Pretty much what I expected. A 5% up eps caused solely by buying back shares...

Units up 12% sequentially. ASP up 3.5% in quarter. CPLDs taking share from ALTR, resulting in weaker mix. Networking market coming on strong as PLDs replacing ASICs in "smart" switches.

...shipping aggressively, and holding inventory rather than facing price reality in this report.

???????

Charlie Smith
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