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Technology Stocks : Xilinx (XLNX) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (2550)	12/4/2000 4:22:31 PM
From: Caxton Rhodes	Respond to of 3291

Xilinx Comments On Guidance for the Third Quarter of Fiscal Year 2001 RELATED SYMBOLS: (XLNX) SAN JOSE, Calif., Dec 4, 2000 (BUSINESS WIRE) -- Xilinx, Inc. (NASDAQ:XLNX) today revised its guidance for the December quarter. -- After a strong month of October, the month of November was weaker than anticipated due to softening bookings from several large North American customers. -- Bookings from Europe, Japan, and Southeast Asia remain on track for the December quarter to date. -- As a result, the Company is changing its 12% sequential revenue growth guidance for the December quarter to 5-7%. The revised guidance is based on a normal historical turns rate for the month of December and continued strength in our Virtex(TM) and Spartan-II(TM) product families. -- As a result of lower than expected revenues for the December quarter, combined inventory days at Xilinx and our distributors is expected to be at the high end of our corporate target of 150-180 days. -- Xilinx shipments to Electronic Manufacturing Service (EMS) companies represent less than 35% of total Xilinx shipments. Our fiscal Q3 earnings release date is scheduled for January 17, 2001. Copies of financial literature, including this release, are available via fax or voice recording by dialing Xilinx's shareholder service line at 1-800-836-4002. Investor information is also available on the Investor Relations Web site at investor.xilinx.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: this release contains forward-looking statements and projections and actual events or results may differ materially and are subject to risks and uncertainties, including the reliance upon the economic health of the end markets and geographies that we serve, customer and electronic manufacturing service inventory levels, the dependence upon third party wafer suppliers and dependence on subcontractors, the timely introduction and availability of new products and the impact of competitive pricing and products and the company's reliance upon a high-level of turns; and other risk factors included in our most recently filed SEC Form 10-K. About Xilinx: Xilinx is the leading supplier of complete programmable logic solutions, including advanced integrated circuits, software design tools, predefined system functions delivered as cores, and unparalleled field engineering support. Founded in 1984 and headquartered in San Jose, Calif., Xilinx invented the field programmable gate array (FPGA) and fulfills more than half of the world demand for these devices today. Xilinx solutions enable customers to reduce significantly the time required to develop products for the computer, peripheral, telecommunications, networking, industrial control, instrumentation, aerospace, defense, and consumer markets. For more information, visit the Xilinx web site at www.xilinx.com. For more information on Xilinx, access our World Wide Web site at xilinx.com. Xilinx is a registered trademark of Xilinx, Inc. All Virtex, Spartan, and XC-prefix product designations are trademarks of Xilinx, Inc. Other brands or product names are trademarks or registered trademarks of their respective owners. CONTACT: Xilinx, Inc. Lori Owen, 408/879-6911 ir@xilinx.com URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2000 Business Wire. All rights reserved. -0- KEYWORD: CALIFORNIA INDUSTRY KEYWORD: HARDWARE COMPUTERS/ELECTRONICS (Public Company & Wall Street & Business) A service of the Financial Data Cast Network (FDCN) and Window On WallStreet Inc.