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Technology Stocks : SILI - Siliconix -- Ignore unavailable to you. Want to Upgrade?


To: WTMHouston who wrote (19)11/1/1999 11:46:00 AM
From: WTMHouston  Read Replies (1) | Respond to of 152
 
Plus a book to bill in Q3 of greater than 1.1

siliconinvestor.com

SANTA CLARA, Calif., Nov 1 (Reuters) - Siliconix Inc. (NASDAQ: SILI), a subsidiary of Vishay Intertechnology Inc. (NYSE: VSH), said Monday that demand for its products had created a strong backlog of orders so far in the fourth quarter of 1999.

"Demand remains strong in our major markets, telecommunications and portable computers. Our distribution business is also strong. Our book-to-bill ratio for the third quarter was greater than 1.1, and we have therefore entered the fourth quarter with a very strong backlog," said King Owyang, chief executive of Siliconix.

Owyang said business remained "particularly strong" in the Asia Pacific market.

Earlier, California-based Siliconix said it had third-quarter 1999 net income of $19 million, or $1.89 per diluted share -- compared with $0.39 per share in the 1998 third quarter.

It recorded sales for the third quarter of $101 million, a 45 percent jump from sales of $70 million in the 1998 period.