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

To: SemiBull who wrote (2909)	1/21/2003 8:27:40 PM
From: SemiBull	Read Replies (1) \| Respond to of 3291

Xilinx Swings to Net Loss in 3rd Quarter, Revenue Up 24% Tuesday January 21, 6:24 pm ET Xilinx Inc. (NasdaqNM:XLNX - News) swung to a small net loss in its fiscal third quarter despite a 24% jump in revenue. The San Jose, Calif., semiconductor maker posted a net loss of $3.4 million, or a penny a share, for the quarter ended Dec. 28, compared with year-earlier net income of $9.7 million, or three cents a share. Revenue rose 24% to $282.7 million from $228.1 million. Third-quarter revenue was within the company's December forecast of a 1% to 3% increase over the second quarter's revenue of $277.9 million. Excluding $62.9 million in noncash impairment charges related mostly to vacant office space and equity investments, Xilinx said it would have earned $43.2 million, or 12 cents a share, matching the mean estimate of analysts surveyed by Thomson First Call. In a statement, Chief Executive Wim Roelandts said sales for storage applications were especially strong, rising 41% from the fiscal second quarter, while sales for digital-consumer applications and industrial uses grew 5%. He also noted growth in Japan and Asian-Pacific sales, saying the region accounts for 32% of Xilinx's revenue, up from 27% a year earlier. Looking ahead, Xilinx forecasts fiscal fourth-quarter revenue of $285 million to $295 million, compared with $273.5 million a year ago. The company plans on issuing a quarterly update March 4.