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Technology Stocks : Semtech (Nasdaq:SMTC) -- Ignore unavailable to you. Want to Upgrade?

To: TimeToMakeTheInvs who wrote (1123)	8/22/2000 5:20:13 PM
From: Stu Bishop	Respond to of 1225

Hi Tim, Leeza, and all, Semtech showed great year-over-year growth, but 6% sequential revenue growth. I know this isn't bad, but ADI had 21% and Micrel had 13% sequential growth. I think Semtech has been in rally mode in sympathy with ADI and MCRL after their very positive results. Is this going to be viewed as a dissapointment and lead to a huge drop? Thanks. SPB

To: TimeToMakeTheInvs who wrote (1123)	8/22/2000 5:37:07 PM
From: John Morrison	Respond to of 1225

Wow, "Net sales for the second quarter of fiscal year 2001 were $60.6 million, an increase of 59 percent over comparable prior year second quarter net sales of $38.3 million. Net income for the second quarter of fiscal year 2001 was $13.7 million or $0.36 per diluted share, an increase of 121 percent over net income of $6.2 million, or $0.18 per diluted share in the second quarter of last fiscal year. Sequentially, net sales for the second quarter of fiscal year 2001 increased 6 percent and net income grew 14 percent over the previous quarter. Gross margin increased to a record 55.5 percent of net sales in the second quarter of fiscal year 2001. This represents an increase of 114 basis points compared to the previous quarter and an increase of 410 basis points as compared to the second quarter of last year. The Company forecasts that it will reach its goal of 60 percent gross margin in the next four to five quarters. For the first six months of fiscal year 2001, net sales were $118.1 million and net income was $25.8 million or $0.68 per diluted share. The record results represented an increase of 66 percent for net sales and 135 percent for net income over the comparable prior year six-month period. New orders received during the second quarter increased 16 percent over the prior quarter, reflecting the strength of all major markets. Demand from communications and industrial customers was particularly robust. Based on backlog entering the quarter, Semtech expects to achieve double-digit sequential revenue growth in the third quarter of fiscal year 2001." Still long,