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Technology Stocks : Micrel (MCRL) -- Ignore unavailable to you. Want to Upgrade?

To: QuietWon who wrote (191)	10/21/1999 8:14:00 AM
From: SJS	Respond to of 268

10/21/99 Earnings: .21 diluted (est: .19 Zacks), beat by .02 ___________ Thursday October 21, 7:31 am Eastern Time Company Press Release SOURCE: Micrel, Incorporated Micrel Posts Record Third Quarter Revenue and Earnings Strong Demand Fuels 13% Increase in Revenues from Prior Quarter SAN JOSE, Calif., Oct. 21 /PRNewswire/ -- Micrel, Incorporated (Nasdaq: MCRL - news) today reported record revenues and earnings for the quarter ended September 30, 1999. Net revenues increased 41 percent to $50.1 million, up from $35.4 million for the same quarter in the prior year, reflecting continued strong demand for the Company's products. Earnings increased at an even greater rate on a year-to-year basis. Net income increased 42 percent to $9.4 million, up from $6.6 million for the same quarter a year ago. Diluted earnings per share for the quarter ended September 30, 1999 were $0.21 per share on 45.4 million shares, compared with $0.16 per share on 42.3 million shares for the third quarter of 1998. Current and historical diluted shares used in calculating earnings per share have been adjusted for a two-for-one stock split that occurred during the quarter ended September 30, 1999. On a sequential basis, revenues were up 13 percent and earnings were up 15 percent from the prior quarter ended June 30, 1999. ''This marks our 14th consecutive quarter of revenue growth and our 22nd consecutive quarter of gross margin expansion,'' said Ray Zinn, President and CEO. Demand continues to be strong for our products in computer, telecommunications and industrial markets. Growing demand for our high bandwidth communication products resulted in record quarterly order rates and revenues, with shipments increasing by 20 percent over the second quarter. Micrel released 13 new products in the third quarter. These included the MIC4680, the world's smallest footprint switching regulator targeted at cellular phone charging applications and the SY88927, a tiny 2.5 Gbps pre-amplifier designed for high speed telecommunications systems. ''We are extremely pleased with the record revenue and order rates that we experienced in the third quarter across all of our major product lines. Our backlog is at an all time high, leaving us well positioned to sustain double digit revenue growth in the coming fourth quarter,'' said Ray Zinn.

To: QuietWon who wrote (191)	12/17/1999 1:34:00 PM
From: JakeStraw	Read Replies (1) \| Respond to of 268

Micrel Acquires Altos Semiconductor SAN JOSE, Calif., Dec. 16 /PRNewswire/ -- Micrel, Inc. (Nasdaq: MCRL - news) announced today that it had acquired privately held Altos Semiconductor, Inc., a developer of temperature sensing and thermal management products. These products, designed for the computer, peripheral and industrial markets, will further strengthen Micrel's position as a supplier of mixed signal and analog ICs. ''The addition of Altos Semiconductor's products and technology is well aligned with our existing focus on thermal management, initiated with the MIC502 earlier this year'' said Ray Zinn, President & CEO of Micrel. ''As form factors shrink and performance improvements out-pace power reduction techniques, system temperatures are rising ever higher. Our nascent line of sensors and system management ICs will provide simple solutions to this increasingly prevalent system design issue.'' said Zinn. Under the terms of the purchase agreement Micrel paid $1.8 million in cash for the outstanding shares of capital stock of Altos Semiconductor. In connection with the acquisition the company expects to take a one-time charge against after-tax earnings in the current quarter ending December 31, 1999 for the expense of in-process research and development associated with the acquisition. Statements in this press release, which are not purely historical, are forward-looking statements. All forward-looking statements included in this release are made as of the date hereof, based on information available to Micrel as of the date hereof, and Micrel assumes no obligation to update any forward-looking statement. It is important to note that actual outcomes could differ materially from those in such forward-looking statements. Readers should refer to the risk disclosures outlined in Micrel's Annual Report on Form 10-K for the year ended December 31, 1998 and Micrel's quarterly reports on Form 10-Q filed with the SEC. Micrel is a leading manufacturer of advanced high-performance analog power ICs and subminiature packaging. These products include: low-dropout voltage regulators, PCMCIA and USB power controllers, switch-mode supply controllers (SMPS), operational amplifiers and comparators, charge pumps, voltage references, MOSFET drivers, charge pumps, voltage references, latched drivers and RF devices. Applications for these devices include all portable and wireless products. Micrel-Synergy Semiconductor, a wholly owned subsidiary of Micrel, provides high performance, high speed communications, clock management and logic ICs to the network, telecom, computing and ATE/instrumentation markets. SOURCE: Micrel, Inc.