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Technology Stocks : Catalyst Semiconductor (CATS) -- What's New? -- Ignore unavailable to you. Want to Upgrade?

To: DeadHead who wrote (196)	11/18/1997 10:27:00 PM
From: John Posatiere	Read Replies (2) \| Respond to of 436

Could anyone explain the following comments by the CEO on the last quarter report, it seems to contradict what some are saying here on the board ? Was there a fire between this report and the end of the 2nd quarter ? Catalyst Semiconductor, Inc. Announces First Quarter Results SUNNYVALE, Calif.--Catalyst Semiconductor, Inc. (NASDAQ:CATS) today announced its financial results for the quarter ended July 31, 1997. Revenues for the first quarter were $9.5 million, up 6 percent from revenues of $9.0 million in the preceding quarter. Net loss for the quarter was $0.8 million or $0.10 per share, compared with a net loss of $1.1 million or $0.14 per share in the preceding quarter. Michael Powell, the Company's Chairman and CEO, said: "We are pleased to report increased revenues for the July-ending quarter and continued improvement in the bottom line. ... Bookings increased by more than 25% relative to the prior quarter, giving us a book-to-bill ratio of over 1.4 ... The increased bookings primarily were due to increased demand for the Company's Flash memory devices targeted at personal computer and disk drive applications. The Company closed the quarter with its highest end-of-quarter backlog in six quarters. The Company has recently ordered its first production wafers from its United Microelectronics Corporation (UMC) wafer foundry in Taiwan. This new Flash process utilizes 0.5 micron lithography and is run in UMC's 8-inch wafer fab. The Company expects its first revenue from the new UMC foundry in fiscal Q2. The Company is sampling its new 34WC02 family of Serial EEPROMs which is designed for use in personal computer main memory (DIMM) modules. end