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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (3621)	10/17/2002 8:36:03 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Other chipmakers would be wise to take note of this headline: 300-mm shift boosts Xilinx' bottom line Semiconductor Business News (10/17/02 07:06 p.m. EST) SAN JOSE--Xilinx Inc. today reported sales of $277.9 million for its second fiscal quarter, down 4% from $289.9 million in the previous period, but up 24% from $224.6 million in the like period a year ago. Net income was $38.7 million, or $0.11 per diluted share, compared with $41.0 million and $0.12 in the prior quarter. In the like period a year ago, it reported a loss of $176 million, or minus $0.53 a share. "The September quarter was down slightly, in line with expectations. Weakness in the communications and storage sectors was partially offset by strength in the consumer, industrial and other category, which increased to 25% of total Xilinx revenues, up from 20% in the prior quarter,” said Wim Roelandts, Xilinx's president and CEO, in a statement. "Additionally, Xilinx continued to lead the 300-mm wafer migration, manufacturing a higher percentage of total wafers in this leading technology than any other semiconductor company,” he said. “In the September quarter, over 30% of total Xilinx wafers were manufactured on 300-mm, up from 5% in the prior quarter. This will enable Xilinx to significantly reduce the cost of producing PLDs.” In the-third fiscal quarter, Xilinx expects revenues to be in the $278-to-$285 million range.