ISSI reports earnings. Trend looks good - lower losses. By the end of 1999 may be it will turnaround!
Monday January 25, 4:04 pm Eastern Time
Integrated Silicon Q1 results
SANTA CLARA, Calif, Jan 25 (Reuters) -
(In thousands, except per share data)
Three Months Ended
December 31,
1998 1997
(Unaudited)
Net sales $26,801 $39,414
Cost of sales 22,796 30,218
Gross Profit 4,005 9,196
Operating Expenses:
Research and development 5,773 7,401
Selling, general and administrative 3,622 4,650
In-process technology charge -- 7,078
Total operating expenses 9,395 19,129
Operating loss (5,390) (9,933)
Other income, net 1,586 255
Loss before income taxes and minority interest
(3,804) (9,678)
Provision for income taxes 633 58
Net loss before minority interest (4,437) (9,736)
Minority interest in net loss of
consolidated subsidiary (472) --
Net loss (3,965) (9,736)
Basic and diluted net loss per share (0.20) (0.53)
Shares used in per share calculation 19,418 18,199
|
