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Technology Stocks : Earnings: Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (38)	7/28/2001 5:03:30 PM
From: SusieQ1065	Read Replies (1) \| Respond to of 266

XLNX ($40-$35-$39) P/E 608 !! Beats revised by 1 Cent, Rev's fell 29% Thursday July 19, 4:20 pm Eastern Time Press Release SOURCE: Xilinx, Inc. Xilinx First Quarter Revenues Down 29% Sequentially SAN JOSE, Calif., July 19 /PRNewswire/ -- Xilinx, Inc. (Nasdaq: XLNX - news) today announced results for the first quarter of fiscal 2002. Quarterly Information (In millions, except per share EBG* amounts) Q1 FY 2002 Q4 FY 2001 Q-Q Change Q1 FY 2001 Y-Y Change Revenues $289.3 $407.0 -29% $364.9 -21% Operating income (EBG) 30.3 85.3 -64% 121.4 -75% Net income(EBG) 29.0 65.7 -56% 93.8 -69% Diluted EPS (EBG) $0.08 $0.19 -58% $0.27 -70% *Earnings before goodwill, amortization, acquisition-related costs and one-time charges ``The macroeconomic climate continues to be difficult for the semiconductor industry,'' said Wim Roelandts, Xilinx's president and chief executive officer. ``Xilinx continues to be impacted by weakness in our primary end markets of communications and storage and servers and by excess inventory levels held by our major customers. Gross margin declined to 51% for the June quarter as new products, which have lower gross margins, continued to increase as a percent of total Xilinx revenues. Sales from the Virtex®-E family, for example, now represent 31% of total Xilinx revenues, up from 26% last quarter and up from 7% in the same quarter a year ago. Sales from our older products were particularly weak during the quarter accounting for over seventy-five percent of the sequential revenue decline during the June quarter. On a positive note, our newly introduced Virtex-II family of FPGAs continues to meet with market success and sales from the highest density member of this family surpassed one million dollars in the June quarter.'' Business Review for Q1 FY 2002: -- End customer bookings and backlog for the June quarter declined double digits sequentially. -- Turns bookings were 65 percent for the quarter as compared to 74 percent last quarter. -- Inventory days at Xilinx and at worldwide distribution were 205 days and 46 days, respectively, compared to 158 days and 48 days last quarter. -- Days sales outstanding declined by 1 day to 38 days. -- Capital expenditures and depreciation were $35 million and $14 million, respectively. Revenue by Geography: Q1 FY 2002 Q4 FY 2001 Q-Q Change Q1 FY 2001 Y-Y Change North America 49% 56% -38% 64% -39% Europe 28% 23% -13% 20% 10% Japan 14% 12% -14% 9% 27% Asia Pacific 9% 9% -33% 7% -1% Revenue by End Market: Q1 FY 2002 Q4 FY 2001 Q-Q Change Q1 FY 2001 Y-Y Change Communications 75% 79% -33% 77% -23% Storage & Servers 16% 13% -11% 15% -14% Other 9% 8% -21% 8% -12% Revenue by Technology: Q1 FY 2002 Q4 FY 2001 Q-Q Change Q1 FY 2001 Y-Y Change Advanced 34% 28% -15% 7% 280% Mainstream 36% 41% -37% 50% -42% Base 23% 23% -30% 36% -49% Support 7% 8% -34% 7% -23% This quarter, product segments have been reclassified by technology. The new product segments are defined as follows: -- Advanced products: Spartan-II, Virtex-E, Virtex-II products (0.18-micron or less); -- Mainstream products: XC4000XL, XC4000XLA, XC4000XV, SpartanXL, XC9500XL, CoolRunner(R), Virtex products (0.22-micron to 0.35-micron); -- Base products: XC2000, XC3000, XC3100, XC4000, XC7000, XC5200, XC9500, Spartan(R), XC4000E, XC4000EX products (0.5-micron or greater); -- Support products: Configuration solutions, HardWire(TM), and Software and Support Services Second Quarter Fiscal Year 2002 Business Update A second quarter business update will be posted to the Xilinx Investor Relations web site at: investor.xilinx.com after the market closes on Monday, September 10. Financial guidance to the investment community will be limited to the points mentioned in the business update document. Please sign up for a push email alert, which is available from our investor relations web site.

To: SusieQ1065 who wrote (38)	7/30/2001 5:35:46 PM
From: 2MAR$	Read Replies (1) \| Respond to of 266

MVSN ( $64-$57) P/E 160 Beats Estimates But Lowers Q3 Exepctations, affirms for year 17:07 PM EST, Jul 30, 2001 (MidnightTrader) -- Macrovision (MVSN) reported tonight a Q2 profit of $0.20 per share on revenue of $25.8 million. This compares with a profit of $0.14 per share on revenue of $18.7 million in the same quarter a year ago. Analysts expected the company to post a profit of $0.18 per share on revenue of $24.43 million. The company added it expects revenue in the third quarter between $25 and $28 million and EPS between $0.20 and $0.22. Currently analysts expect the company to earn $0.22 per share on revenue of $28.75 million, according to First Call. Stock is lower on 42,978 after-hours Island shares. * end of story *

To: SusieQ1065 who wrote (38)	7/30/2001 10:19:51 PM
From: 2MAR$	Respond to of 266

Semiconductor Watch : The SOX Index has been a source of excitement for the past several days. First, the excitement surrounded the fact that the SOX Index hit its lowest point since April last Wednesday. Now, the excitement surrounds the fact that the SOX Index has rallied 14.5% from that low, bringing it back within striking distance of its 200-day moving average at 627. As encouraging as the recent rally has been, investors certainly have plenty of reason to doubt the sustainability of the rally. Fundamentally, it was readily apparent in the Q2 earnings results, and subsequent guidance, that the semiconductor industry continues to do battle with excess inventory and lackluster end demand. In many cases, the outlook was so gloomy that it was actually perceived as a positive indicator in that investors were willing to conclude that things couldn't get much worse than they already are now. That is the line of reasoning that was proffered by Salomon Smith Barney's Jonathan Joseph who is, arguably, the industry's most influential analyst after he called the top last year. In fact, his comments have been the main source of support for the chip-related stocks today as he argued in a research note that he is finally seeing "bottoms up" support for his April upgrade of the sector; specifically, he cited the relative stability in the spot market for microprocessors and general firmness in DRAM prices. Of course, not all analysts share his optimism, and consequently, investor sentiment surrounding the chip stocks has flip-flopped repeatedly since last fall. Right now, investors are in an optimistic state, but that could change again soon if the SOX Index fails to break above its 200-day moving average. Bear in mind that the SOX has failed to do so on three prior occasions, beginning with its first try in May. Following that failed attempt, the SOX dropped 19% before mounting another run. When the second attempt failed in June, the SOX fell 20% before rebounding for a third run at its 200-day moving average, which also failed at the end of June, and was followed by an 18.5% pullback. Briefing.com points this out because the SOX has already staged a strong run from recent lows so a clean break of the 200-day moving average isn't likely to be an easy undertaking. Accordingly, investors should remain on the sidelines at this juncture to see if the technical hurdle is cleared because the near-term downside could be considerable if this fourth attempt fails.-- Patrick J. O'Hare, Briefing.com

To: SusieQ1065 who wrote (38)	7/31/2001 5:13:53 PM
From: 2MAR$	Read Replies (1) \| Respond to of 266

KLAC ( $54 -$57- $53+ ??))earns, sales top targets 29c vs 26c(luv you) By Chris Kraeuter, CBS.MarketWatch.com Last Update: 4:30 PM ET July 31, 2001 SAN JOSE, Calif. (CBS.MW) -- KLA-Tencor's fiscal fourth quarter revenue declined 4 percent and net income fell 38 percent from the same quarter last year, the semiconductor equipment maker announced late Tuesday, but the results were better than analysts expected. Ahead of the report, shares (KLAC: news, chart, profile) closed down 85 cents, or 1.5 percent, at $54.39. For the quarter ended June 30, KLA-Tencor reported net income of $56 million, or 29 cents a share, on revenue of $462 million. The maker of testing equipment for semiconductors was expected to report earnings of 26 cents a share on revenue of $439 million, according to analysts surveyed by First Call/Thomson Financial. During the same quarter last year, net income was $92 million, or 47 cents a share, on revenue of $482 million. During the previous quarter, net income was $91.4 million, or 48 cents a share, on revenue of $528.8 million. Based on accounting rule SAB 101, which makes KLA defer revenue on system shipments until final acceptance by the customer, fourth quarter net income was $130 million, or 67 cents a share, on revenue of $603 million. Gross margins declined to 50 percent from 54 percent during the third quarter and 57 percent during the second quarter. According to a company statement, KLA has reduced its spending "to levels appropriate for current market conditions." The San Jose, Calif.-based firm has reduced salaries for management, consolidated facilities and reduced its contract and temporary staffing. The company ended the quarter with cash and short-term investments of $1.15 billion, up from $939 million during the previous quarter. Chris Kraeuter is a reporter for CBS.MarketWatch.com in San Francisco. Latest Industry News